Fairmont, MN Cost Of Living
Fairmont's Overall Cost Of Living
Lower Than The National Average
In Minnesota
In America
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 #1,524 most affordable out of the 6,522 places we measured in Minnesota. By definition, that implies Fairmont ranks as the #4,883 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.
Median Home Value
Median Rent
Median Income
Detailed Fairmont Services Costs Vs. Minnesota
Detailed Fairmont Groceries Costs Vs. Minnesota
Detailed Fairmont Health Costs Vs. Minnesota
Detailed Fairmont Transportation Costs Vs. Minnesota
Detailed Fairmont Utilities Costs Vs. Minnesota
Fairmont SnackAbility
/10
Cost Of Living In Cities Around Fairmont
| City | Population | Cost Of Living | Vs. Fairmont |
|---|---|---|---|
| Mankato, MN | 42,093 | 96 | 1.1x |
| North Mankato, MN | 13,778 | 97 | 1.1x |
| New Ulm, MN | 13,242 | 91 | 1.0x |
| Spencer, IA | 11,052 | 86 | 1.0x |
| Estherville, IA | 5,796 | 85 | 1.0x |
| Algona, IA | 5,447 | 89 | 1.0x |
