Farmington, NH is a small town in New England region of the United States. This community has been growing in popularity due to its relatively low cost of living. The median 2 bedroom rent is $1,350 which is slightly less than the US average of $1,430. Moreover, the Grocery Cost Index in Farmington is 104 compared to the US average of 100. This means that groceries are generally 4% more expensive than in other parts of the country.
Farmington offers many local businesses and services for its residents. Some of the major companies that operate out of Farmington include Laconia Savings Bank, Nadeau Landscaping & Lawn Care, Graystone Aerial Solutions, and AAA Service Plumbing & Heating LLC. Furthermore, there are various restaurant options such as Three Rivers Grill and The Cozy Inn Tavern & Barbeque for members of the community to enjoy.
Farmington has an unemployment rate of 3.0%. The US average is 6.0%.
Farmington has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Farmington
- The Sales Tax Rate for Farmington is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Farmington is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Farmington
- The average income of a Farmington resident is $28,701 a year. The US average is $28,555 a year.
- The Median household income of a Farmington resident is $60,271 a year. The US average is $69,021 a year.