There are 19 assisted living facilities serving Fairmont, Minnesota. This includes 7 facilities in Fairmont and 12 nearby. The costs per day of assisted living in Minnesota range from $29 up to $240, with an average expense running about $113. The per month expense averages roughly $3,403 and ranges between $867 and $7,200. Annually, the median cost is about $40,830, which is less than the nationwide average of $42,000.
SeniorScore™ for Fairmont, Minnesota
The SeniorScore™ is calculated based on over 100 variables, some of which are shown below. The final score is curved based on a linear curving method. For More info visit senioradvice.com/seniorscore.
- Fairmont scores higher than the Minnesota average of 70.
- Fairmont scores lower than the national average of 72.
- There is a high number of Medicare registered physicians within the city limits.
- There is 1 hospital within close range of the city (Fairmont Medical Center).
- There are 7 senior living facilities in close proximity to the city, including Ingleside, Goldfinch Estates Memory Care, and Goldfinch Estates.
- There is a very low number of home healthcare providers operating in the city.
- There is a low number of fire stations serving the city.
- The average life expectancy is 81.1, compared to the national average of 78.6.
- There are 19 pharmacies within close range of the city.
- The area has an average property crime rate.
- The area has a low violent crime rate.
- The city has a very high percentage of seniors in the population (36% of residents).
- There are 14 golf courses in or around the city, including Interlaken Golf Club, Rolling Green Fairways, and Rose Lake Golf Club.
- There are 9 parks near the city center, including Amber Lake Park, Sylvania Park, and International AG Labs Inc.
- There are 3 churches in or near the city, including Fairmont Assembly of God, Christian Church of Fairmont, and Church of Jesus Christ of Lds.
- There are 2 malls / shopping centers within close range of the city.
- There are 5 grocery stores within the city.
- There is 1 movie theatre in or near the city.
- There are 3 gyms or health clubs in or near the city.
- The property taxes average 1.51% of total income, which is significantly lower than the national average of 2.79%.
- The property taxes average 0.83% of property value, which is significantly lower than the national average of 1.09%.
- The city sales taxes averages 7.38%, which is higher than the national average of 6.97%.
- Minnesota has an average state income tax of 4.79%, compared to the national average of 3.38%.
- The city's mean household income is $56,628, which is significantly lower than the national average of $64,580.
- The city's median household income is $42,944, which is significantly lower than the national median of $51,560.
- The city's per capita income is $25,835, which is higher than the national average of $25,611.
- Assisted living costs average $36,336 per year, which are low compared to national figures.
- Nursing home costs average $90,710 per year, which are average compared to national costs.
- Adult daycare costs average $19,097 per year, which are high compared to national numbers.
- Home healthcare costs average $46,904 annually, which are average compared to national costs.
- The unemployment rate is about 3.81%, which is very low compared to national averages.
- The overall cost of living is low compared to national averages.
- 0% of the senior population are financially responsible for at least one grandchild.
- Fairmont receives low levels of rainfall each year.
- Fairmont has very harsh mean temperatures, with very cold winters and pleasant summers.
- This city has below average air quality.
- Fairmont has a very sparse population density of 79.5 people per square mile.
- Residents of Fairmont have a very short daily commute time.
- Fairmont has a very high public school quality ranking.
- The city has a high public school safety rating.
- This city has an average graduation rate of 88.51%.
Fairmont is a small city in Minnesota. It is located in Martin County. The encompassing metropolitan area is home to 1,077,918 residents, but there are 12,401 living inside the city itself. 36% of the local residents are over the age of 55.
The SeniorScore™ for Fairmont is 71. The mean home price in the city is $172,500, which is less than the Minnesota average of $211,500. Fairmont also has a low unemployment rate of approximately 3.81%. The city's mean household income is $43,000 ($26,000 per capita), versus an average of $53,000 for the entire state of Minnesota.
Fairmont has very harsh mean temperatures, with severely cold winters and pleasant summers. The city receives low amounts of rain each year. Fairmont has a lower than average crime rate and low air quality ratings in comparison to other cities in the US.