Fairfield, IA Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Fairfield, IA is a small city known for its eclectic community and vibrant culture. The city is home to several local businesses including Hy-Vee grocery store, Fairfield Art Association and Fairfield Family YMCA. For those looking for an affordable place to live, Fairfield has a two bedroom rent of $880 which is much lower than the US average of $1,430! Additionally, the grocery cost index in Fairfield is 95 versus 100 in the US making it easier on the budget. All in all, Fairfield is a great place to settle as it offers plenty of amenities at an affordable price. It's also a wonderful place to be part of with its friendly people and cultural opportunities like the Fairfield Art Association.

Fairfield has an unemployment rate of 4.3%. The US average is 6.0%.

Fairfield has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.

Tax Rates for Fairfield
- The Sales Tax Rate for Fairfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairfield is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Fairfield
- The average income of a Fairfield resident is $24,166 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield resident is $43,006 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairfield, IowaUnited States
  4.36
  -9.7%-6.2%
  23.3%33.5%
  7.0%6.2%
  7.4%4.6%
  $32,110$37,638
  $43,006$69,021
  $50,933$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.2%6.8%
  18.2%10.0%
  1.3%2.5%
  4.9%11.0%
  1.1%4.8%
  0.0%0.8%
  2.1%1.9%
  12.3%4.7%
  2.3%1.9%
  6.7%7.6%
  1.0%0.1%
  3.2%4.2%
  16.0%9.3%
  12.9%14.0%
  1.3%2.1%
  6.5%7.0%
  4.5%4.8%
  2.7%4.7%
Health
Compare Fairfield, IA
cost of living
Compare food, housing, utilities, and more in Fairfield, Iowa to any other city in the US.