Fairbury, Nebraska is a small city located near Lincoln with a population of just over 4,000 people. It's home to several notable companies such as Fairbury Foods and Farmers Insurance Group. Fairbury also boasts a low cost of living when compared to the rest of the United States. The average two-bedroom rent in Fairbury is $760, significantly lower than the US average of $1,430. Similarly, its grocery cost index is 92 versus 100 in the US – meaning groceries are considerably cheaper in Fairbury. All this makes it an affordable place to live for those looking for somewhere with a rural feel but still close enough to larger cities like Lincoln.
Fairbury has an unemployment rate of 2.0%. The US average is 6.0%.
Fairbury has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.
Tax Rates for Fairbury
- The Sales Tax Rate for Fairbury is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Fairbury is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairbury
- The average income of a Fairbury resident is $24,706 a year. The US average is $37,638 a year.
- The Median household income of a Fairbury resident is $45,759 a year. The US average is $69,021 a year.