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The N55, which serves North-South traffic, passes through the town.
Erected in the centre of the town is a statue of Oliver Goldsmith, the famous poet and writer who was born at nearby Pallas.
The population of Ballymahon is 1797 according to the 2006 census.
There is little industry in the town with most workers commuting to Athlone or Longford TownBallymahon is a small and pretty market town on the River Inny which is a tributary of the River Shnnon where it joins it at Lough Allen.
The town derives its name from Gaelic Baile Mathuna Town of Mahon.
Mahon was a southern chieftain, the elder brother of Brian Boru, who fought a battle in the vicinity of Ballymahon at Shrule, in Irish Sruaith Fhuil, River of Blood.
Mahon defeated O'Rourke of Cavan at this Battle and laid claim to lands in the area.
Hence the town of Mahon originated.