Fairmount, NY is a desirable place to live due to its rental rates that are lower than the national average. At $1,190 for 2 bedroom rent, Fairmount allows people to save money on housing costs without sacrificing comfort and quality of life. Additionally, grocery items in Fairmount cost slightly less than the US average as demonstrated by the Grocery Cost Index of 99 versus 100 across the nation. Businesses like Fairmount Realty and Fairmount Bank serve the local community with real estate services and financial products respectively. The small city is ideal for those looking for a relaxed lifestyle close to nature while still having access to urban amenities such as shopping centers and restaurants.
Fairmount has an unemployment rate of 6.5%. The US average is 6.0%.
Fairmount 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 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Fairmount
- The Sales Tax Rate for Fairmount is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Fairmount is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairmount
- The average income of a Fairmount resident is $27,898 a year. The US average is $28,555 a year.
- The Median household income of a Fairmount resident is $74,896 a year. The US average is $69,021 a year.