Fairhaven, MN is a quiet and peaceful town located in the heart of Minnesota. It is known for its affordable housing options, with an average two bedroom rent of $1,180 compared to the national average at $1,430. Additionally, Fairhaven's grocery cost index is equal to that of the US. Local companies in Fairhaven include The Seed Project which sells organic food products, Anderson's Hardware which provides a wide array of supplies and materials, and Hansen Accounting Services which specializes in financial counseling services. With its low cost of living and range of services available, Fairhaven is an ideal place to live for those looking for a more relaxed atmosphere.
Fairhaven has an unemployment rate of 4.7%. The US average is 6.0%.
Fairhaven has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Fairhaven
- The Sales Tax Rate for Fairhaven is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Fairhaven is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairhaven
- The average income of a Fairhaven resident is $22,811 a year. The US average is $28,555 a year.
- The Median household income of a Fairhaven resident is $81,042 a year. The US average is $69,021 a year.