Fairfax, VA is an affluent city located in Northern Virginia and is home to many prominent organizations such as George Mason University, Inova Health Systems and the National Geospatial Intelligence Agency. It is a great place for families due to its low cost of living compared to the national average; with two bedroom rent averaging $2,280 ($1,430 nationally) and a grocery cost index of 114 (100 nationally). The city also offers residents a range of activities from outdoor recreation like Lake Accotink Park to cultural attractions such as the Workhouse Arts Center. With its strong economy driven by companies such as Northrop Grumman Corporation and Salient Federal Solutions Inc., Fairfax is no doubt one of the best places to live in the US.
Fairfax has an unemployment rate of 4.3%. The US average is 6.0%.
Fairfax has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 39.1%, which is higher than the US average of 33.5%.
Tax Rates for Fairfax
- The Sales Tax Rate for Fairfax is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairfax is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairfax
- The average income of a Fairfax resident is $44,747 a year. The US average is $28,555 a year.
- The Median household income of a Fairfax resident is $118,492 a year. The US average is $69,021 a year.