Cost of Living in Fairmont, MN
Overall index: 70 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 48 | -52% | $502 |
| Transportation | 101 | +1% | $3.50 |
| Food | 79 | -21% | $324 |
| Utilities | 74 | -26% | $86 |
| Healthcare | 74 | -26% | $62 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Fairmont?
A single adult living comfortably in Fairmont, MN needs approximately $24,500 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Fairmont, MN?
The overall cost of living in Fairmont, MN is 30% lower than the US national average (index: 70 where 100 = national average).
How much is rent in Fairmont, MN?
Average rent for a 1-bedroom apartment in Fairmont, MN is about $502/month.
Is Fairmont, MN expensive to live in?
No, Fairmont, MN is affordable (below national average).
What salary do I need to live in Fairmont, MN?
A single adult needs roughly $24,500/year to cover basic living costs in Fairmont, MN.