Fairmont

Population: 2,409
Median household income: $59,244
Median home value: $147,400

Located in Will County, Illinois, Fairmont is a community with a population of 2,409. The median household income of $59,244 is below the Will County median ($107,799).

From 2019 to 2023, Fairmont's population declined 10.7% from 2,699 to 2,409, while its median home value rose 40.0% from $105,300 to $147,400.

The typical home was built around 1958. 17.0% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 2,409
Median age: 31.3 yrs
Median household income: $59,244
Median home value: $147,400
Median gross rent: $1,372
Housing units: 969
Homeownership rate: 63.0%
Bachelor's degree or higher: 17.2%
Unemployment rate: 8.7%

Trends

ACS 5-year · 2019–2023

Population

2,6992,409

Median household income

$47,031$59,244

Median home value

$105,300$147,400

Median gross rent

$1,127$1,372

Year	Population	Median household income	Median home value	Median gross rent
2019	2,699	$47,031	$105,300	$1,127
2020	2,690	$52,917	$108,900	$1,263
2021	2,649	$52,444	$132,500	$1,193
2022	2,595	$61,103	$151,300	$1,368
2023	2,409	$59,244	$147,400	$1,372

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.8%

5 to 1725.4%

18 to 249.0%

25 to 3416.0%

35 to 4412.2%

45 to 5412.7%

55 to 648.6%

65 to 746.0%

75 and over5.3%

	Count	Share
Under 5	115	4.8%
5 to 17	613	25.4%
18 to 24	218	9.0%
25 to 34	385	16.0%
35 to 44	295	12.2%
45 to 54	305	12.7%
55 to 64	206	8.6%
65 to 74	144	6.0%
75 and over	128	5.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	516	21.4%
Black or African American	623	25.9%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	4	0.2%
Some other race	0	0.0%
Two or more races	26	1.1%
Hispanic or Latino (any race)	1,240	51.5%

Educational attainment (age 25+)

No high school diploma20.5%

High school graduate29.9%

Some college or associate's32.4%

Bachelor's degree12.8%

Graduate or professional degree4.4%

	Count	Share
No high school diploma	300	20.5%
High school graduate	438	29.9%
Some college or associate's	474	32.4%
Bachelor's degree	187	12.8%
Graduate or professional degree	64	4.4%

Commute to work

Mean travel time to work: 23 min

Drove alone70.3%

Carpooled24.2%

Public transit0.0%

Walked0.0%

Bicycle0.2%

Worked from home4.6%

Other means0.7%

How workers get to work

	Count	Share
Drove alone	680	70.3%
Carpooled	234	24.2%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	2	0.2%
Worked from home	44	4.6%
Other means	7	0.7%

Travel time

	Count	Share
Under 15 min	181	19.6%
15 to 29 min	514	55.7%
30 to 44 min	170	18.4%
45 to 59 min	28	3.0%
60+ min	30	3.3%

Households

Average household size: 2.95
Poverty rate: 17.0% (410 of 2,409)

	Count	Share
Family households	507	62.9%
Nonfamily households	299	37.1%

Housing

Median year structure built: 1958

Occupancy

	Count	Share
Occupied	806	83.2%
Vacant	163	16.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	508	63.0%
Renter-occupied	298	37.0%

1-unit, detached91.3%

1-unit, attached1.3%

2 to 4 units5.9%

5 to 19 units0.7%

20 or more units0.7%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	885	91.3%
1-unit, attached	13	1.3%
2 to 4 units	57	5.9%
5 to 19 units	7	0.7%
20 or more units	7	0.7%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1724920
Type (LSAD): 57
Land area: 1.39 sq mi
Water area: 0 sq mi
Center point: 41.5614, -88.0587