Fairmount, CO

Census Place

2024 Population

9,902

US Senator

Michael Bennet

Democratic Party

US Senator

John Hickenlooper

Democratic Party

2024 Median Age

43.5

1.16% 1-year increase

2024 Poverty Rate

2.88%

0.625% 1-year increase

2024 Median Household Income

$163,600

0.113% 1-year decline

2024 Median Property Value

$827,600

Population & Diversity

Fairmount, CO is home to a population of 9.9k people, from which 99.8% are citizens.

As of 2024, 3.8% of Fairmount, CO residents were born outside of the country (376 people).

In 2024, there were 35.5 times more White (Non-Hispanic) residents (8.8k people) in Fairmount, CO than any other race or ethnicity. There were 248 Two Races Including Other (Hispanic) and 220 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.8%

2024 Citizenship

99.6%

2023 Citizenship

As of 2024, 99.8% of Fairmount, CO residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Fairmount, CO was 99.6%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Fairmount, CO compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Fairmount, CO

White (Non-Hispanic)
8.8k ± 1k
Two Races Including Other (Hispanic)
248 ± 143
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
220 ± 130

5.4%

Hispanic Population

535 people

5.4% of the people in Fairmount, CO are hispanic (535 people).

The following chart shows the 8 races represented in Fairmount, CO as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Colorado.

Most Common Origin

Mexico
205,206 ± 10,925 people
India
23,918 ± 3,789 people
China
18,011 ± 3,290 people

In 2024, the most common birthplace for the foreign-born residents of Colorado was Mexico, the natal country of 205,206 Colorado residents, followed by India with 23,918 and China with 18,011.

Foreign-Born Population

3.8%

2024 Foreign-Born Population

376 people

4.02%

2023 Foreign-Born Population

423 people

As of 2024, 3.8% of Fairmount, CO residents (376 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Fairmount, CO was 4.02%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Fairmount, CO compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
126 ± 56
Gulf War (1990s)
63 ± 53
Gulf War (2001-)
54 ± 41

Fairmount, CO has a large population of military personnel who served in Vietnam, 2 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Fairmount, CO.

Economy

The economy of Fairmount, CO employs 5.11k people. In 2024, the largest industries in Fairmount, CO were Health Care & Social Assistance (936 people), Professional, Scientific, & Technical Services (884 people), and Manufacturing (508 people), and the highest paying industries were Mining, Quarrying, & Oil & Gas Extraction ($250,001), Agriculture, Forestry, Fishing & Hunting, & Mining ($177,273), and Manufacturing ($122,321).

Employment

Occupations

5.11k

2024 Value

± 548

−6.67%

1 Year decline

± 15.8%

From 2023 to 2024, employment in Fairmount, CO declined at a rate of −6.67%, from 5.48k employees to 5.11k employees.

The most common job groups, by number of people living in Fairmount, CO, are Management Occupations (984 people), Business & Financial Operations Occupations (671 people), and Sales & Related Occupations (477 people). This chart illustrates the share breakdown of the primary jobs held by residents of Fairmount, CO.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Colorado.

This chart shows weekly unemployment insurance claims in Colorado (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

5.11k

2024 Value

± 548

−6.67%

1 Year decline

± 15.8%

From 2023 to 2024, employment in Fairmount, CO declined at a rate of −6.67%, from 5.48k employees to 5.11k employees.

The most common employment sectors for those who live in Fairmount, CO, are Health Care & Social Assistance (936 people), Professional, Scientific, & Technical Services (884 people), and Manufacturing (508 people). This chart shows the share breakdown of the primary industries for residents of Fairmount, CO, though some of these residents may live in Fairmount, CO and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$108,945

Median earning men ± $11,194

$62,563

Median earning women ± $14,412

The industries with the best median earnings for men in 2024 are Agriculture, Forestry, Fishing & Hunting, & Mining ($250,001), Manufacturing ($207,083), and Finance & Insurance, & Real Estate & Rental & Leasing ($132,639).

The industries with the best median earnings for women in 2024 are Transportation & Warehousing, & Utilities ($146,250), Professional, Scientific, & Management, & Administrative & Waste Management Services ($109,107), and Wholesale Trade ($105,250).

Housing & Living

The median property value in Fairmount, CO was $827,600 in 2024, which is 2.49 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $772,600 to $827,600, a 7.12% increase. The homeownership rate in Fairmount, CO is 91.7%, which is higher than the national average of 65.2%.

People in Fairmount, CO have an average commute time of 23.3 minutes, and they drove alone to work. Car ownership in Fairmount, CO is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$827,600

Median Property Value 2024

±$37,490

$3,373

Median Property Taxes

±$382

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Fairmount, CO the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Fairmount, CO compared to it's parent and neighbor geographies.

Rent vs Own

91.7%

Homeownership

2024

66.8%

Homeowners with Mortgage

2024

In 2024, 91.7% of the housing units in Fairmount, CO were occupied by their owner. This percentage grew from the previous year's rate of 91.3%.

This chart shows the percentage of owner in Fairmount, CO compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$163,600

Median Household Income

± $17,599

3.68k

Number of Households

± 403

In 2024, the median household income of the 3.68k households in Fairmount, CO declined from $163,600 from the previous year's value of $163,785.

The following chart displays the households in Fairmount, CO distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Fairmount, CO is from Colorado.

0.46

2024 Wage GINI in Colorado

0.462

2023 Wage GINI in Colorado

In 2024, the income inequality in Colorado was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.498% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Colorado was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Colorado in comparison to the national average.

This chart shows the number of workers in Colorado across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (62.5%)
Worked At Home (28.6%)
Carpooled (4.84%)

In 2024, 62.5% of workers in Fairmount, CO drove alone to work, followed by those who worked at home (28.6%) and those who carpooled to work (4.84%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

23.3 minutes

Average Travel Time

Using averages, employees in Fairmount, CO have a shorter commute time (23.3 minutes) than the normal US worker (26.4 minutes). Additionally, 0.359% of the workforce in Fairmount, CO have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Fairmount, CO compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Fairmount, CO distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Fairmount, CO have 2 cars.

Poverty

Poverty & Diversity

2.88% of the population for whom poverty status is determined in Fairmount, CO (285 out of 9.9k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 18 - 24, followed by Females 45 - 54 and then Males 55 - 64.

The most common racial or ethnic group living below the poverty line in Fairmount, CO is White, followed by Hispanic and Two Or More.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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