Fort Fairfield, Maine is a small town located in rural Aroostook County. The population of Fort Fairfield is around 3,000 people. The median rent for a two bedroom apartment in Fort Fairfield is significantly lower than the national average at $850 per month. Additionally, the grocery cost index in Fort Fairfield is higher than the national average, which indicates that food costs are more expensive.
The local economy of Fort Fairfield relies heavily on agriculture, forestry and manufacturing industries. The largest employers in the area include Irving Woodlands LLC, Connors Brothers Ltd., McCain Foods USA Inc., and GlaxoSmithKline Consumer Healthcare Inc.. Some of these companies have helped to diversify the local economy by offering additional employment opportunities to residents of Fort Fairfield. Additionally, there are many small businesses and family-run farms that also contribute to the economic strength of this community.
Fort Fairfield has an unemployment rate of 5.9%. The US average is 6.0%.
Fort Fairfield has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Fort Fairfield
- The Sales Tax Rate for Fort Fairfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Fort Fairfield is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Fairfield
- The average income of a Fort Fairfield resident is $21,504 a year. The US average is $28,555 a year.
- The Median household income of a Fort Fairfield resident is $44,719 a year. The US average is $69,021 a year.