Fairhaven, MA Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
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.

Income by Population Percent

  EconomyFairhaven, MassachusettsUnited 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%
Health
Compare Fairhaven, MA
cost of living
Compare food, housing, utilities, and more in Fairhaven, Massachusetts to any other city in the US.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.