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Fairmont, NE Profile: Facts & Data

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Fairmont, Nebraska - Basic Facts

The Village of Fairmont had a population of 567 as of July 1, 2024.

The primary coordinate point for Fairmont is located at latitude 40.637 and longitude -97.5853 in Fillmore County. The formal boundaries for the Village of Fairmont encompass a land area of 0.81 sq. miles and a water area of 0 sq. miles. Fillmore County is in the Central time zone (GMT -6).

The Village of Fairmont has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Fairmont is located within Township of Exeter-Fairmont Consolidated, a minor civil division (MCD) of Fillmore County.


Jump to... (On This Page!)
  1. Fairmont 2024 Demographic Data
  2. Growth Rates for Fairmont (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Nebraska Research Tools (Easy Tools & Current Data)
  3. Nebraska Data Comparison Tool - 2024 Demographics
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Fairmont, NE Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 567 (100%)
Population in Households 525 (92.6%)
Population in Families 381 (67.2%)
Population in Group Quarters1 42 ( 7.4%)
Population Density 493
Diversity Index2 15
 
 

INCOME

Median Household Income $61,867
Average Household Income $81,923
% of Income for Mortgage4 10%
Per Capita Income $36,232
Wealth Index5 74
Socioeconomic Status Index6 Moderate (51.2)
 

HOUSING

Total HU (Housing Units) 287 (100%)
Owner Occupied HU 193 (67.2%)
Renter Occupied HU 57 (19.9%)
Vacant Housing Units 37 (12.9%)
Median Home Value $99,643
Average Home Value $134,845
Housing Affordability Index3 240
 

HOUSEHOLDS

Total Households 250
Average Household Size 2.10
Family Households 139
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population -1.01% 0.18%
Households -0.56% 0.16%
Families   -1.03%
Median Household Income   0.58%
Per Capita Income   2.06%
Owner Occupied HU   1.51%

Fairmont, NE - Peer Comparisons by Rank and Percentile

The table below compares Fairmont to the other 593 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 183 69th
Population Density # 387 35th
Median Household Income # 396 33rd
Housing Affordability Index # 572 96th
Per Capita Income # 350 41st
Diversity Index # 403 32nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Nebraska Census Data Comparison Tool.

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