Fairport, NY Economy


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Fairport, NY is a small town located in upstate New York with a population of roughly 5,400. It is known for its unique scenery and activities that draw visitors from all over the region. The cost of living in Fairport is very affordable, with 2 bedroom rents averaging just $1,330 compared to the national average of $1,430. Additionally, the grocery cost index is 103 compared to 100 nationally, making it even more attractive for those looking for an affordable place to live. No matter what you are looking for, Fairport has something to offer. Popular local companies include Fairport Brewing Company and Abundance Cooperative Market; popular attractions such as Powder Mills Park and Erie Canal Museum provide plenty of outdoor recreation opportunities as well as educational experiences in the area’s history.

Fairport has an unemployment rate of 6.7%. The US average is 6.0%.

Fairport has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Fairport
- The Sales Tax Rate for Fairport is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Fairport 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 Fairport
- The average income of a Fairport resident is $37,491 a year. The US average is $28,555 a year.
- The Median household income of a Fairport resident is $79,637 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairport, New YorkUnited States
  6.76
  -5.2%-6.2%
  23.5%33.5%
  8.0%6.2%
  6.2%4.6%
  $53,300$37,638
  $79,637$69,021
  $99,848$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.3%6.8%
  10.7%10.0%
  1.2%2.5%
  5.7%11.0%
  1.5%4.8%
  2.2%0.8%
  3.1%1.9%
  5.8%4.7%
  1.4%1.9%
  15.4%7.6%
  0.0%0.1%
  2.7%4.2%
  19.0%9.3%
  17.6%14.0%
  2.2%2.1%
  2.9%7.0%
  0.8%4.8%
  1.5%4.7%
Reviews for Fairport
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Grew up here and love the area. People are friendly and lots to do in what used to be a sleepy little village. Still, Canal Days, Saturday morning Farmer's Market, HS  More

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I have lived in the Fairport area for nearly two years now and I can say that the cost of living varies greatly. I have little experience with real estate, but have  More

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In Fairport there is always something planned - lots of parades (sometimes I think they come up with any old reason for a parade), concerts in the park, Canal Days -  More

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