Assisted Living Communities in Fairmont, Minnesota

Assisted Living costs in Fairmont start around $0 per month on average, while the nationwide average cost of assisted living is $4,000 per month, according to the latest figures from Genworth’s Cost of Care Survey.

It’s important to note that assisted living rates in Fairmont and the surrounding suburbs can vary widely based on factors such as location, the level of care needed, apartment size and the types of amenities offered at each community.

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Minnesota page.

Known as the City of Lakes, Fairmont is a small community located in south Minnesota. The Fairmont area is home to nine assisted living facilities, known in Minnesota as Home Care Providers. Four of these facilities are located directly in Fairmont, with the remaining five located in the nearby communities of Sherburn, Winnebago, Truman and Blue Earth. All home care providers in Minnesota are regulated and closely monitored by the Minnesota Department of Health. 

• The Fairmont area is home to world-class medical facilities, including the Mayo Clinic Health System, in case of medical emergencies or illness.
  
  
• Fairmont's cost of living is low compared to the U.S. national average. Overall costs are 10.8 percent lower than the national average. This may give seniors more money to allocate towards the cost of assisted living.
  
  
• Fairmont has extremely cold winters. The average low in January is only 7 degrees Fahrenheit, while the U.S. average low temperature is 22.6 degrees Fahrenheit. Fairmont also sees an average snowfall of 45 inches in the wintertime, which is 19 inches more than the national average. Seniors who prefer a more comfortable climate may find Fairmont's weather unpleasant.
  
  
• Minnesota charges income tax on seniors' social security checks, which means an additional expense for seniors living in Fairmont.
  
  
• Prairie Lakes Transit provides seniors with a safe public transportation option. However, shuttles and buses are only available certain hours and routes are limited.
  
• Seniors can feel safe living in Fairmont, as crime rates are considerably low. For every 1000 residents, only 20.37 incidents of property crime are reported annually, which is lower than the U.S. average of 25 crimes per 1,000 people.