24435 Fairfield is a small town in Virginia with a population of about 790. It is located on the Rappahannock River and offers a peaceful, quiet setting for residents. The average 2 bedroom rent in Fairfield costs $850, which is much cheaper than the US average of $1,430. Grocery cost index in Fairfield is 100 versus 100 in the US, which means that grocery items are relatively cheap compared to other places in America.
Fairfield has a strong local economy with many companies such as Rappahannock Electric Cooperative, Riverside Health System and Performance Automotive Group offering jobs. The town also boasts several outdoor recreation attractions like beaches, parks, and hiking trails that contribute to its economic development. Moreover, it hosts annual events such as the Wildwood Festival that bring people from neighboring towns to enjoy its beauty and culture, further contributing to its economic growth. Lastly, Fairfield’s mild climate makes it an ideal place for retirees looking for a peaceful atmosphere to settle down in retirement.
Fairfield (zip 24435) has an unemployment rate of 4.9%. The US average is 6.0%.
Fairfield (zip 24435) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Fairfield (zip 24435)
- The Sales Tax Rate for Fairfield (zip 24435) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fairfield (zip 24435) 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 Fairfield (zip 24435)
- The average income of a Fairfield (zip 24435) resident is $33,321 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield (zip 24435) resident is $54,846 a year. The US average is $69,021 a year.