This was 17.5 percent lower than the state average of 43.7 percent. In 2020 the total municipality population reached 540.
92.9 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Fairmount for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 26 | 7.1 |
| Regular high school diploma | 155 | 42.2 |
| GED or alternative credential | 15 | 4.1 |
| Some college, less than 1 year | 32 | 8.7 |
| Some college, 1 or more years, no degree | 43 | 11.7 |
| Associate's degree | 52 | 14.2 |
| Bachelor's degree | 32 | 8.7 |
| Master's degree | 11 | 3 |
| Professional school degree | 1 | 0.3 |
| Doctorate degree | 0 | 0 |
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