Fairfield, IA Economy


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Fairfield, IA is a small city known for its eclectic community and vibrant culture. The city is home to several local businesses including Hy-Vee grocery store, Fairfield Art Association and Fairfield Family YMCA. For those looking for an affordable place to live, Fairfield has a two bedroom rent of $880 which is much lower than the US average of $1,430! Additionally, the grocery cost index in Fairfield is 95 versus 100 in the US making it easier on the budget. All in all, Fairfield is a great place to settle as it offers plenty of amenities at an affordable price. It's also a wonderful place to be part of with its friendly people and cultural opportunities like the Fairfield Art Association.

Fairfield has an unemployment rate of 4.3%. The US average is 6.0%.

Fairfield has seen the job market decrease by -9.7% 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 Fairfield
- The Sales Tax Rate for Fairfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairfield is 9.0%. 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 $32,110 a year. The US average is $37,638 a year.
- The Median household income of a Fairfield resident is $43,006 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairfield, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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