ZIP Code 56162

Fairmont, MN — income, home value, property tax, and sales tax.

Median household income
$88,625
Per-capita income
$30,957
Median home value
$163,500
Property tax rate
1.02%
Combined sales tax
7.38%

In ZIP code 56162, near Fairmont, households bring in a median of $88,625 a year, while per-capita income sits at $30,957. With median home values around $97,200, property taxes run about 1.02% at the county level, an annual bill near $991. Sales taxes combine to 7.38%, so everyday purchases carry a noticeable add-on. That income level supports a fairly comfortable margin against housing costs here, since home prices stay well below what the earnings figure might otherwise imply. The trade-off shows up in consumption taxes rather than property taxes, shaping how far each dollar stretches across the year.

See how Fairmont, MN taxes stack up

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