Fairmount, CO is an excellent location for those looking to rent a 2 bedroom residence. At $1,850 per month the cost of rent in Fairmount is significantly higher than the US average of $1,430. The grocery cost index in Fairmount is also relatively high at 103 versus the US average of 100. Despite the high costs associated with living in Fairmount, many businesses are thriving here and residents can enjoy a variety of services and opportunities. Local companies include Fairmount Bakery & Cafe, High Peak Farms, Braidwood Builders, and Lewis Automotive Center. These businesses provide employment for locals as well as products and services for residents to enjoy.
Fairmount has an unemployment rate of 6.3%. The US average is 6.0%.
Fairmount has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 44.3%, which is higher than the US average of 33.5%.
Tax Rates for Fairmount
- The Sales Tax Rate for Fairmount is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Fairmount is 4.6%. 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 $62,967 a year. The US average is $37,638 a year.
- The Median household income of a Fairmount resident is $139,412 a year. The US average is $69,021 a year.