Fairmont, MN 56031

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 2280 3190 $10,268 $1,689
(12.28% of returns)
$1,516
(5.26% of returns)
$4,666
$25,000 to $50,000 1500 2650 $29,808 $2,677
(18% of returns)
$6,751
(23.33% of returns)
$3,616
$50,000 to $75,000 880 1880 $40,167 $2,888
(28.41% of returns)
$14,993
(34.09% of returns)
$4,650
$75,000 to $100,000 580 1410 $49,889 $3,168
(37.93% of returns)
$19,566
(31.03% of returns)
$4,933
$100,000 to $200,000 680 1880 $69,967 $5,214
(50% of returns)
$22,160
(29.41% of returns)
$5,802
Over $200,000 170 450 $215,080 $17,381
(64.71% of returns)
$28,540
(29.41% of returns)
$7,740
For Zip 6090 11460 $41,027

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18