Fairmont City, IL is a charming and vibrant city located in the suburbs of Chicago. It offers residents a lower cost of living compared to other parts of Illinois, with rent for a two bedroom apartment costing only $870 per month. The Grocery Cost Index in Fairmont City is also lower than the US average at 91 versus 100.
When living in Fairmont City there is plenty to do and local companies to explore. Businesses such as D&D Automotive Repair, Starbuck’s Coffee Shop, Rosati's Pizza, Hair by Janine Salon & Spa, and The Loft Theater all provide goods and services to the community. With so much to offer it is no wonder why Fairmont City continues to be an attractive place for many people looking for a safe and affordable place to call home.
Fairmont City has an unemployment rate of 6.7%. The US average is 6.0%.
Fairmont City has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Fairmont City
- The Sales Tax Rate for Fairmont City is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fairmont City is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairmont City
- The average income of a Fairmont City resident is $13,719 a year. The US average is $28,555 a year.
- The Median household income of a Fairmont City resident is $39,247 a year. The US average is $69,021 a year.