Fairfield, CT is a beautiful town located in Connecticut. It has excellent schools, numerous parks and trails, plus plenty of shopping and entertainment options. Despite its natural beauty and desirable amenities, living in Fairfield can be more expensive than anywhere else in the US. On average, a two bedroom rental unit is $2,440 while the national average for a two bedroom rental is around $1,430. Grocery prices are also higher in Fairfield with an Index score of 109 compared to 100 nationally. Popular local companies include Staples headquarters, General Electric, Acme United Corporation and AT&T Mobility LLC. While living in Fairfield might involve paying a bit more for rent or groceries than other parts of the country; its charm and atmosphere make it worth it.
Fairfield has an unemployment rate of 6.5%. The US average is 6.0%.
Fairfield has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Fairfield
- The Sales Tax Rate for Fairfield is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Fairfield is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairfield
- The average income of a Fairfield resident is $59,156 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield resident is $149,641 a year. The US average is $69,021 a year.