Fairmont, WV is an attractive city for those looking for affordability and a high quality of life. Rent for a two-bedroom apartment is $1,050 per month compared to the national average of $1,430. Grocery costs are also lower than average with the cost index at 98 compared to 100 in the US. There are many local businesses to explore such as The Fairmont Creamery Co., which serves up unique ice cream flavors like Apple Pie and Swiss Orange Chip. Popular restaurants include Joe & Mary's Italian Restaurant and Nuvo Burrito. For visitors looking for leisure activities there is East Marion Park and Valley Falls State Park, both providing beautiful outdoor landscapes.
Fairmont has an unemployment rate of 6.0%. The US average is 6.0%.
Fairmont has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Fairmont
- The Sales Tax Rate for Fairmont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairmont is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairmont
- The average income of a Fairmont resident is $21,785 a year. The US average is $28,555 a year.
- The Median household income of a Fairmont resident is $47,618 a year. The US average is $69,021 a year.