Fairmont, WV Metro Area is an ideal place to live for those who are looking for cost-effective living. Rent for a two bedroom apartment in the area is significantly lower than the US average at $900, making it a great option for budget-conscious renters. The Grocery Cost Index in Fairmont is also favorable compared to the nation as a whole, coming in at 96 points versus the US average of 100.
The area has many major employers such as Mon Health System, Mylan Pharmaceuticals, Procter & Gamble, and Fairmont State University. These businesses provide residents with numerous job opportunities and add to the local economy. Additionally, Fairmont has plenty of cultural attractions, quality restaurants, and entertainment venues that are sure to keep everyone entertained year round.
Fairmont Metro Area has an unemployment rate of 6.0%. The US average is 6.0%.
Fairmont Metro Area 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 Metro Area
- The Sales Tax Rate for Fairmont Metro Area is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Fairmont Metro Area 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 Metro Area
- The average income of a Fairmont Metro Area resident is $23,870 a year. The US average is $28,555 a year.
- The Median household income of a Fairmont Metro Area resident is $55,094 a year. The US average is $69,021 a year.