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 is a small city located in the state of North Carolina. The city has a population of 2,622 people. Fairmont is mostly populated by White (26%) and Black or African American (59%) ethnic groups. Fairmont is considered to be a city with an aging population. The average age of all residents is 50, which is well beyond the United States median age average. Fairmont is not known to have a high population (over 15 years old) of married people. At only 43% married, this city falls well below the national average. 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.
Are you trying to figure out if living in Fairmont is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in North Carolina, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. The best areas in Fairmont and in surrounding cities are easier to find when you are able to make informed decisions. Using data from commute, 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 60 out of 100 and is ranked #472 in North Carolina and #17,383 in the USA. This is a poor rating when compared to the average of other places in the country. For each of the livability categories, we can establish that Fairmont ranks very well for cost of living (A+) and housing (A). On a more negative note, Fairmont does not have favorable ranks for the following: amenities (F), crime (F), education (F) and employment (F). If we take a look at the data, we can find out why.
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Fairmont is 21.45% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Fairmont a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
When contemplating a move, job prospects often top the list of priorities. In Fairmont, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.14% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Fairmont excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
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. Median real estate prices in Fairmont come in at $88,500, which is 43.7% 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, which is 9.1% 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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