Fairhaven, MA is a charming town located on Buzzards Bay. It has a peaceful atmosphere, an abundance of outdoor activities, and friendly locals. The cost of living in Fairhaven is slightly higher than the U.S. average; 2 bedroom rent is $1,360 compared to $1,430 in the U.S., and its Grocery Cost Index is 107 versus 100 in the U.S. Popular local companies include Riverview Market Inc., Jazzy's Burgers & Pizzeria, and Lost Bar & Grill. Overall, Fairhaven has a lot to offer residents looking for a laid-back atmosphere with reasonable prices on everyday items.
Fairhaven has an unemployment rate of 7.0%. The US average is 6.0%.
Fairhaven has seen the job market decrease by -9.4% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Fairhaven
- The Sales Tax Rate for Fairhaven is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Fairhaven is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairhaven
- The average income of a Fairhaven resident is $50,384 a year. The US average is $37,638 a year.
- The Median household income of a Fairhaven resident is $79,432 a year. The US average is $69,021 a year.