Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
Fairmont, North Carolina is a small city with a population of 2,703 people. Individuals of White (26%) and Black or African American (59%) backgrounds make up a significant portion of the population of the city. In Fairmont, there seems to be a shift in population towards an older age group. The average age of the population is now 50, which is significantly higher than the nation’s average. Fairmont is very likely to be a great place to live for singles as only 43%, of the population (over fifteen) are classified as married. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Fairmont your home, your one-way commute time will typically last around 25 minutes, a duration that aligns with the national average commute time of 26 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Fairmont, North Carolina could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. The best areas in Fairmont and in surrounding cities are easier to find when you are able to make informed decisions. Using data from health & safety, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the North Carolina and national averages.
Fairmont has a livability score of 59 out of 100 and is ranked #526 in North Carolina and #19,319 in the USA. This is a lower than the national average livability score as Fairmont does not rank well for most categories. Based on the grades for each individual category, Fairmont has been rewarded with high marks for housing (A+). On a more negative note, Fairmont does not have favorable scores for the following: amenities (F), education (F) and employment (F). If we take a look at the data, we can find out why.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Fairmont, the unemployment rate stands at 2.3%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Fairmont apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Fairmont real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Fairmont. Median real estate prices in Fairmont come in at $159,698, which is 44.8% lower than the North Carolina average. The home price to income ratio compares the median home prices to the median household income. In Fairmont, the home price to income ratio is 3.6, which is 12.2% lower than the North Carolina average.
| Statistic | Fairmont | North Carolina | National |
| Average one way commute | 25min | 24min | 26min |
| Workers who drive to work | 87.7% | 81.1% | 76.4% |
| Workers who carpool | 9.4% | 9.8% | 9.3% |
| Workers who take public transit | 0.0% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 1.5% | 1.8% | 2.8% |
| Working from home | 1.1% | 4.8% | 4.6% |
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