Fairmont, MN — income, home value, property tax, and sales tax.
In ZIP code 56181, near Fairmont, homes carry a median value of $114,100, and the county-level effective property tax rate of 1.02% translates to roughly $1,164 in annual taxes on such a home. With median household income at $55,750, that tax bill amounts to about 2.1% of yearly earnings, a share that shapes how far paychecks stretch alongside a 7.38% combined sales tax. Per-capita income sits at $27,445. Lower home values here keep entry costs down, though the tax rate still draws meaningfully on what households bring in.
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