Fairmont, MN Employment - Median Household Income, Unemployment Rate

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D+

4%

Income/capita NAT. AVG.

11%

Household income NAT. AVG.

31%

Unemployment NAT. AVG.

Index	Fairmont	Minnesota	National
Income per capita	$31,063	$33,225	$29,829
Median household income	$49,402	$63,217	$55,322
Median income owner occupied	$70,682	$77,618	$70,586
Median income renter occupied	$30,275	$34,348	$35,192
Median earnings male	$42,172	$40,933	$36,919
Median earnings female	$31,115	$29,114	$26,250
Unemployment rate	3.2%	3.4%	4.7%
Poverty level	16.7%	10.8%	15.1%

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Key findings

The income per capita in Fairmont is 4% higher than the national average
The median household income in Fairmont is 11% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Fairmont is 31% lower than the national average
The poverty level in Fairmont is 11% higher than the national average

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am i middle class

$32,931 $49,402 $98,804

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Fairmont median earnings by income bracket

Fairmont employment by industry

Labour Type	Male	Female
Construction industry	8.5%	8.5%
Manufacturing sector	21.8%	21.8%
Financial & insurance services	4.6%	4.6%
Wholesale & retail services	24.3%	24.3%
Public administration	3.4%	3.4%
Transportation, warehousing & utilities	7.2%	7.2%
Education, health & social services	5.6%	5.6%
Other	22.9%	22.9%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Trimont, MN	758	$56,000	1.2%
Sherburn, MN	1,032	$53,173	3.9%
Truman, MN	1,083	$52,368	5.3%
Welcome, MN	848	$50,000	9.6%
Winnebago, MN	1,261	$49,604	10.3%
Fairmont, MN	10,042	$49,402	10.7%

Cities with similar population

City	Population	Household Income	National Avg.
Cypress Gardens, FL	10,040	$67,154	21.4%
Tipp City, OH	10,039	$62,330	12.7%
Glenwood Springs, CO	10,048	$66,860	20.9%
Elkhorn, WI	10,034	$63,135	14.1%
The Pinery, CO	10,033	$127,757	130.9%
Fairmont, MN	10,042	$49,402	10.7%

Source: The Fairmont, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).