The labor pool participation rate in Fairmont is 62.8%, with an unemployment rate of 5.4%. For people when you look at the work force, the average commute time is 13.4 minutes. 6.4% of Fairmont’s populace have a masters degree, and 16.6% have earned a bachelors degree. For those without a college degree, 31.8% attended at least some college, 38.2% have a high school diploma, and just 7% have received an education not as much as senior school. 6.6% are not covered by medical insurance.
Fairmont, MN is located in Martin county, and has a population of 10030, and is part of the greater metro region. The median age is 44, with 13.8% for the residents under ten many years of age, 10.2% between ten-nineteen many years of age, 11.2% of citizens in their 20’s, 11.7% in their 30's, 9.9% in their 40’s, 12.6% in their 50’s, 13% in their 60’s, 9.8% in their 70’s, and 7.9% age 80 or older. 51.2% of residents are men, 48.8% women. 49.5% of citizens are reported as married married, with 15.9% divorced and 23.9% never wedded. The percent of residents confirmed as widowed is 10.7%.
The typical family unit size in Fairmont, MN is 2.76 family members members, with 66.6% being the owner of their own residences. The mean home valuation is $125631. For those people leasing, they spend an average of $621 per month. 48.5% of homes have two incomes, and a median domestic income of $47876. Median income is $29324. 18.4% of inhabitants live at or beneath the poverty line, and 16.7% are considered disabled. 11.1% of inhabitants are ex-members of the armed forces.