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EconPulse

Local economy signal dashboard

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PLACEStable

Fairmont, IL

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score47out of 100
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66
15
34
65
78

Population

2,617

Data freshness

Unknown

GDP / Output

+3.9% YoY

66

$50.3B

Output changed +3.9% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

15

7.1%

Unemployment is 7.1% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg4.3%

Population

-2.7% 5-year

34

2,617

Population moved -2.7% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

65

24.7%

Median rent consumes 24.7% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$5.3K per resident

78

$3.7B

$3.7B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$3.7B

$5.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$3.0B
2. Department of Veterans Affairs$255.5M
3. Department of Transportation$121.2M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$121.1M
2. HOUSING AUTHORITY OF JOLIET$49.6M
3. ILLINOIS STATE BOARD OF EDUCATION$20.0M

Affordable

Housing Affordability

24.7%

of median income

1BR estimate$1,193
2BR estimate$1,571
Median income$70,795
Median home value$182,300

ACS context

Quick Facts

Population

2,617

Median age

32.5

Bachelor's degree+

17.5%

Poverty rate

15.6%

Labor force participation

69.0%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-10

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.5%

GDP CAGR

+7.1%

Federal flow

5 years

Population (5 years)
20202,690
20212,649
20222,595
20232,409
20242,617
GDP (5 years)
2020$35.7B
2021$40.9B
2022$45.4B
2023$48.4B
2024$50.3B

2-year linear forecast

Predictive Outlook

Population forecast

20242,617
20252,476 *
20262,438 *

R² = 31.7% · * projected

GDP forecast

2024$50.3B
2025$55.2B *
2026$58.9B *

R² = 96.7% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$70,795/yr
Median rent$1,455/mo
Rent share of income24.7%
Est. mortgage (30yr, 6.5%)$11,062/yr
Mortgage share of income15.6%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate7.1%
State avg5.1%
U.S. avg4.3%
Labor force participation69.0%
Poverty rate15.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$182,300
Median monthly rent$1,455
Price-to-rent ratio10.4x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score42/100
Economic growth66/100
Labor market15/100
Population momentum34/100
Overall stability47/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Fairmont CDP, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Ridgewood, ILLockport, ILBonnie Brae, ILCrest Hill, ILIngalls Park, IL