Fayette, Maine is a quaint town located in Kennebec County. With a population of just over 1,000 people, Fayette is an ideal location for those looking for a peaceful atmosphere. There are local businesses in Fayette such as Belmont Feeds LLC, Pleasant View Orchards, and Black Horse Farm & Kennels. The cost of living in Fayette is quite affordable. The average 2 bedroom rent is $990 compared to the US average of $1,430. Additionally, the grocery cost index for Fayette is 105 versus 100 for the US. These factors make Fayette an attractive place for people looking to escape city life while still having access to all their basic needs.
Fayette has an unemployment rate of 6.9%. The US average is 6.0%.
Fayette has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Fayette
- The Sales Tax Rate for Fayette is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Fayette 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 Fayette
- The average income of a Fayette resident is $27,738 a year. The US average is $28,555 a year.
- The Median household income of a Fayette resident is $54,375 a year. The US average is $69,021 a year.