Fairfield, ME is an ideal location for renters because of its low cost of living compared to the US average. A 2 bedroom rental in Fairfield costs just $980 a month, which is about 30% lower than the national average. Additionally, grocery costs are also lower with a grocery cost index of 103 versus 100 in the US. The town offers additional savings with many local companies and amenities that bring services to the community such as convenience stores, restaurants, and department stores. There are also community parks, libraries, museums, and recreation centers open to all residents for year-round outdoor enjoyment. With these savings and great services, Fairfield is an attractive option for renters looking for affordable living options.
Fairfield has an unemployment rate of 6.9%. 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 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Fairfield
- The Sales Tax Rate for Fairfield is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Fairfield is 7.2%. 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 $23,841 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield resident is $46,553 a year. The US average is $69,021 a year.