Fairhaven, MI is a charming town that offers citizens an excellent quality of life for an affordable price. The average two bedroom rent in Fairhaven is $830 compared to the US average of $1,430, making it an ideal place for those seeking budget-friendly housing. In addition to low housing costs, Fairhaven also has a lower than average grocery cost index compared to the US. This makes it easier for locals to enjoy their day-to-day needs at an affordable rate. There are many local businesses that provide essential services throughout the city, including grocery stores, restaurants and retail outlets. With its low cost of living and ample amenities offered by local companies, Fairhaven is a great place for people looking to enjoy a comfortable lifestyle without breaking the bank.
Fairhaven has an unemployment rate of 5.7%. The US average is 6.0%.
Fairhaven has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Fairhaven
- The Sales Tax Rate for Fairhaven is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairhaven is 4.3%. 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 $20,674 a year. The US average is $28,555 a year.
- The Median household income of a Fairhaven resident is $50,750 a year. The US average is $69,021 a year.