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.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
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.
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.
Fairmont is a mid-sized city located in the state of Minnesota. The city has a population of 10,042 inhabitants. According to the most recent Census, 96% of Fairmont residents are White, 1% Asian and 0% Black. If you prefer shorter commutes, living in Fairmont will be a delight. With an average one-way commute time of just 14 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Fairmont could be a positive experience compared to other cities in Minnesota if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like amenities, crime, employment and other key data points, finding the best places to live in Fairmont and in the areas around Fairmont is a much easier task.
Fairmont, MN receives 67 out of 100 for its livability score; this results in a ranking of #354 in Minnesota and #8,620 in the USA. If we examine each of the categories on their own, we see that Fairmont ranks well for crime (B-), cost of living (A+), education (B) and housing (A). Fairmont does not rank well for the following: amenities (F) and employment (D). It might be a smart idea to take a closer look at each category to find out why.
Finding affordable real estate and housing in Fairmont can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Fairmont is real estate affordability. The median home price for Fairmont homes is $137,300, which is 28.3% lower than the Minnesota average. If we take a closer look at the affordability of homes in Fairmont, we’ll see that the home price to income ratio is 2.8, which is 6.7% lower than the Minnesota average.
| Statistic | Fairmont | Minnesota | National |
| Average one way commute | 14min | 23min | 26min |
| Workers who drive to work | 81.9% | 78.0% | 76.4% |
| Workers who carpool | 6.9% | 8.7% | 9.3% |
| Workers who take public transit | 0.6% | 3.5% | 5.1% |
| Workers who bicycle | 0.7% | 0.8% | 0.6% |
| Workers who walk | 2.1% | 2.8% | 2.8% |
| Working from home | 6.8% | 5.3% | 4.6% |
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