Fairmont, Minnesota Economy Profile

Official State Website URL- http://www.state.mn.us

Fairmont, Minnesota Economy

16.59% Fairmont, Minnesota households have a household income of between $25,000 and $34,999.15.04% Fairmont, Minnesota households have a household income of between $35,000 to $49,999. Median household income in a Fairmont, Minnesota household is thirty-three thousand, seven hundred and nine dollars. Fairmont, Minnesota households with supplemental security income account for 2.05% of Fairmont, Minnesota households. There are 2.84% households with public assistance income in Fairmont, Minnesota.

eighty-one point one eight percent of workers comprise private wage and salary workers in Fairmont, Minnesota. Government workers account for ten point four seven percent of Fairmont, Minnesota workers. The earnings of male full-time, year-round workers, in Fairmont, Minnesota are $31,365. The amount of earnings of female full-time, year-round workers reaches twenty-two thousand, four hundred and forty-seven dollars.

sixty-three point four four percent of population 16 years and over is in the active work force in Fairmont, Minnesota. Among them 30.2% are females aged 16 and over. 20.74% of workers provide educational, health and social services. 8.41% of people provide Arts, entertainment, recreation, accommodation and food services in Fairmont, Minnesota.

	Fairmont, Minnesota	%, Fairmont, Minnesota	United States
Population 16 years and over	8,636		217,168,077
In labor force	5,479	63.44%	63.92%
- Civilian labor force	5,479	63.44%	63.39%
- - Employed	5,207	60.29%	59.73%
- - Unemployed	272	3.15%	3.66%
- - - Percent of civilian labor force	5.0		5.8
- Armed Forces	0		0.53%
Not in labor force	3,157	36.56%	36.08%
Females 16 years and over	4,602	53.29%	51.66%
In labor force	2,608	30.2%	29.72%
- Civilian labor force	2,608	30.2%	29.65%
- - Employed	2,474	28.65%	27.92%
Own children under 6 years	639	7.4%	10.05%
All parents in family in labor force	505		12,787,501
COMMUTING TO WORK
Workers 16 years and over	5,148		128,279,228
Car, truck, or van -- drove alone	4,218	81.93%	75.7%
Car, truck, or van -- carpooled	449	8.72%	12.19%
Public transportation (including taxicab)	64	1.24%	4.73%
Walked	194	3.77%	2.93%
Other means	64	1.24%	1.19%
Worked at home	159	3.09%	3.26%
Mean travel time to work (minutes)	12.7	0.25%	25.5
Employed civilian population 16 years and over	5,207		129,721,512
OCCUPATION
Management, professional, and related occupations	1,466	28.15%	33.65%
Service occupations	916	17.59%	14.86%
Sales and office occupations	1,257	24.14%	26.69%
Farming, fishing, and forestry occupations	92	1.77%	0.73%
Construction, extraction, and maintenance occupations	428	8.22%	9.45%
Production, transportation, and material moving occupations	1,048	20.13%	14.62%
INDUSTRY
Agriculture, forestry, fishing and hunting, and mining	217	4.17%	1.87%
Construction	184	3.53%	6.78%
Manufacturing	1,106	21.24%	14.1%
Wholesale trade	181	3.48%	3.6%
Retail trade	739	14.19%	11.73%
Transportation and warehousing, and utilities	244	4.69%	5.2%
Information	98	1.88%	3.08%
Finance, insurance, real estate, and rental and leasing	233	4.47%	6.89%
Professional, scientific, management, administrative, and waste management services	250	4.8%	9.3%
Educational, health and social services	1,080	20.74%	19.92%
Arts, entertainment, recreation, accommodation and food services	438	8.41%	7.87%
Other services (except public administration)	239	4.59%	4.87%
Public administration	198	3.8%	4.79%
CLASS OF WORKER
Private wage and salary workers	4,227	81.18%	78.47%
Government workers	545	10.47%	14.59%
Self-employed workers in own not incorporated business	427	8.2%	6.63%
Unpaid family workers	8	0.15%	0.31%

	Fairmont, Minnesota	%, Fairmont, Minnesota	United States
INCOME IN 1999
Households	4,715		105,539,122
Less than $10,000	562	11.92%	9.54%
$10,000 to $14,999	361	7.66%	6.31%
$15,000 to $24,999	778	16.5%	12.83%
$25,000 to $34,999	782	16.59%	12.81%
$35,000 to $49,999	709	15.04%	16.53%
$50,000 to $74,999	1,002	21.25%	19.46%
$75,000 to $99,999	337	7.15%	10.23%
$100,000 to $149,999	67	1.42%	7.72%
$150,000 to $199,999	51	1.08%	2.2%
$200,000 or more	66	1.4%	2.37%
Median household income (dollars)	33,709		41,994
With earnings	3,450	39.95%	39.12%
- Mean earnings (dollars)	42,980		56,604
With Social Security income	1,691	19.58%	12.47%
- Mean Social Security income (dollars)	10,747		11,320
With Supplemental Security Income	177	2.05%	2.13%
- Mean Supplemental Security Income (dollars)	5,159		6,320
With public assistance income	245	2.84%	1.67%
- Mean public assistance income (dollars)	2,190		3,032
With retirement income	697	8.07%	8.13%
- Mean retirement income (dollars)	14,601		17,376
Families	3,026		72,261,780
Less than $10,000	123	4.06%	5.75%
$10,000 to $14,999	201	6.64%	4.31%
$15,000 to $24,999	289	9.55%	10.74%
$25,000 to $34,999	507	16.75%	12.02%
$35,000 to $49,999	515	17.02%	17.13%
$50,000 to $74,999	903	29.84%	22.32%
$75,000 to $99,999	312	10.31%	12.47%
$100,000 to $149,999	67	2.21%	9.6%
$150,000 to $199,999	51	1.69%	2.75%
$200,000 or more	58	1.92%	2.92%
Median family income (dollars)	46,637		50,046
Per capita income (dollars)	18,658		21,587
Median earnings (dollars):
Male full-time, year-round workers	31,365		37,057
Female full-time, year-round workers	22,447		27,194
POVERTY STATUS IN 1999 (below poverty level)
Families	260		6,620,945
With related children under 18 years	222	85.38%	77.87%
- With related children under 5 years	81	31.15%	38.7%
Families with female householder, no husband present	160		3,315,916
With related children under 18 years	160	100.0%	88.68%
- With related children under 5 years	53	33.13%	42.27%
Individuals	1,339		33,899,812
18 years and over	788	58.85%	65.35%
- 65 years and over	194	14.49%	9.7%
Related children under 18 years	539	40.25%	33.59%
- Related children 5 to 17 years	421	31.44%	23.52%
Unrelated individuals 15 years and over	431	32.19%	31.63%

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