Fairmount is located close to the center of Indiana. Fairmount is between the Grant, Howard, Madison county. Fairmount has 1.58 square miles of land area and has no water area. As of 2010-2014, the total Fairmount population is 2,998, which has grown 0.20% since 2000. The population growth rate is much lower than the state average rate of 7.60% and is much lower than the national average rate of 11.61%. Fairmount median household income is $41,141 in 2010-2014 and has grown by 21.56% since 2000. The income growth rate is higher than the state average rate of 17.25% and is lower than the national average rate of 27.36%. Fairmount median house value is $75,900 in 2010-2014 and has grown by 29.52% since 2000. The house value growth rate is about the same as the state average rate of 30.12% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Fairmount is close to the state average in quality. The Fairmount area code is 765.