Fairfax, IA is a great place to live and work. The town is located in the south-central region of Iowa and provides easy access to various local amenities. Residents in Fairfax enjoy lower than average housing costs when compared to the US overall, with 2 bedroom rent averaging $1,410 per month – around $20 cheaper than the national average. Grocery cost index is 100 for both Fairfax and the US making it an affordable place to shop as well. Additionally, Fairfax has several local companies that offer quality goods and services such as Wilcox & Wilson Equipment Co., Turnquist Construction Company, and Janssen Pest Solutions. There are also plenty of activities for residents to participate in including the annual county fair held each August which attracts people from all over Iowa. With so much to offer, Fairfax may be an ideal location for many people looking for a new place to call home.
Fairfax has an unemployment rate of 5.3%. The US average is 6.0%.
Fairfax has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Fairfax
- The Sales Tax Rate for Fairfax is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairfax 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 Fairfax
- The average income of a Fairfax resident is $33,085 a year. The US average is $28,555 a year.
- The Median household income of a Fairfax resident is $108,906 a year. The US average is $69,021 a year.