Fairmount, MD is a vibrant community located near the city of Baltimore. With an average 2 bedroom rent of $880, it's an affordable place to live for families and young professionals alike. Furthermore, Fairmount residents benefit from a lower than average grocery cost index when compared to the national average. Local companies in the area include the National Aquarium, Under Armour, and The Maryland Zoo in Baltimore. There are also many small businesses within this small town that offer products and services that can benefit its citizens.
Fairmount has an unemployment rate of 7.4%. The US average is 6.0%.
Fairmount has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Fairmount
- The Sales Tax Rate for Fairmount is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairmount is 7.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairmount
- The average income of a Fairmount resident is $22,567 a year. The US average is $28,555 a year.
- The Median household income of a Fairmount resident is $63,875 a year. The US average is $69,021 a year.