Fairmont, NE is a small town with a population of 814 people. It is located in the heart of the Great Plains and offers its inhabitants great views of the surrounding farmland. The cost of living in Fairmont is quite affordable; 2 bedroom rent is $810 while the US average is $1,430. Grocery prices in Fairmont are 92 out of 100 compared to the US average, making it a great place to live for those on a tight budget. The local economy relies heavily on agriculture as well as some other industries like manufacturing and retailing; local companies include Nebraskaland Logistics LLC, North Platte Valley Construction, and Fairmont Implement Co Inc. In addition to this, there are several small businesses that offer services like furniture restoration and photography. All in all, Fairmont provides its citizens with an affordable yet comfortable atmosphere that can appeal to those looking for a more rural lifestyle.
Fairmont has an unemployment rate of 2.1%. The US average is 6.0%.
Fairmont has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Fairmont
- The Sales Tax Rate for Fairmont is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Fairmont is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairmont
- The average income of a Fairmont resident is $22,564 a year. The US average is $28,555 a year.
- The Median household income of a Fairmont resident is $53,750 a year. The US average is $69,021 a year.