Fairmont, MN Cost Of Living
What is the cost of living in Fairmont, MN?
According to the most recent data on the cost of living, Fairmont has an overall cost of living index of 89 which is 0.9x lower than the national index of 100.
Compared to only Minnesota, Fairmont has a cost of living index that's 0.9x lower than Minnesota's index of 104.
The standard of living in Fairmont ranks as #1524 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies Fairmont ranks as the #4883 most expensive place in the North Star State.
Fairmont Cost Of Living Vs. Minnesota
| Living Expense | Fairmont | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 89 | 104 | 100 | |
| Services | 98 | 109 | 100 | |
| Groceries | 103 | 106 | 100 | |
| Health | 118 | 110 | 100 | |
| Housing | 63 | 100 | 100 | |
| Transportation | 99 | 100 | 100 | |
| Utilities | 97 | 98 | 100 | |
Fairmont, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Fairmont SnackAbility
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Cost Of Living In Cities Around Fairmont
| City | Population | Cost Of Living | Vs. Fairmont | Mankato, MN | 41,701 | 96 | 1.1x | North Mankato, MN | 13,704 | 97 | 1.1x | New Ulm, MN | 13,248 | 91 | 1.0x | Spencer, IA | 11,092 | 86 | 1.0x | Estherville, IA | 5,859 | 85 | 1.0x | Algona, IA | 5,455 | 89 | 1.0x |
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