Fairmont, MN — income, home value, property tax, and sales tax.
ZIP code 56031, centered on Fairmont, sits in middle-income territory. Households earn a median of $54,847, while per-capita income reaches $39,004. Homes here are valued at a median of $179,300, and the county-level property tax rate of 1.02% means owners pay roughly $1,829 annually per $179,300 of value. Sales tax across the area totals 7.88%, adding to everyday purchase costs. Together these figures describe a working- to middle-income community where housing costs stay within reach of local wages, though the combined tax load on property and purchases still shapes household budgets.
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