Fayette, MS is a small town with a population of approximately 2,000 people. It is a great place to live due to its low cost of living and close-knit community. The average rent for a two-bedroom apartment is just $660, which is significantly lower than the national average rent of $1,430. Grocery costs are also quite affordable with an index of 94 compared to the US index which is 100. This makes Fayette an ideal place for families and individuals looking to save money and still enjoy all that comes with city life.
Fayette also offers plenty of job opportunities within the city limits. From local businesses such as City Hall Cafe and Country Inn & Suites to larger companies like Walmart and Lowe’s, there are plenty of options for employment. Furthermore, there are a variety of recreational activities available throughout the town including parks, golf courses, theaters, and more.
All in all, Fayette provides a safe environment at an incredibly affordable cost making it highly desirable for those seeking to settle down or start anew.
Fayette has an unemployment rate of 16.7%. The US average is 6.0%.
Fayette has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 2.2%, which is lower than the US average of 33.5%.
Tax Rates for Fayette
- The Sales Tax Rate for Fayette is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette is 5.0%. 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 $14,905 a year. The US average is $37,638 a year.
- The Median household income of a Fayette resident is $22,839 a year. The US average is $69,021 a year.