Fairfield, NY Economy


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Fairfield, NY is a great place to live due to its affordability. The average two-bedroom rent is only $910 whereas the US average for two-bedroom rent is $1,430. Additionally, Fairfield's grocery cost index is 97 versus 100 in the US, making groceries more affordable. There are also many local businesses that make Fairfield an ideal place to live. Companies like Walton's Fine Furniture and Champion Bikes provide quality products and services for residents of Fairfield. Furthermore, with its friendly people and diverse culture, there are plenty of recreational activities available to explore in Fairfield - from hiking trails to outdoor concerts - all just a stone's throw away! Living in Fairfield allows you to enjoy all these features without breaking your budget or sacrificing your lifestyle.

Fairfield has an unemployment rate of 8.3%. The US average is 6.0%.

Fairfield has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.

Tax Rates for Fairfield
- The Sales Tax Rate for Fairfield is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Fairfield is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Fairfield
- The average income of a Fairfield resident is $27,801 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield resident is $75,938 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairfield, New YorkUnited States
  8.36
  -4.8%-6.2%
  21.0%33.5%
  8.3%6.2%
  6.2%4.6%
  $31,408$37,638
  $75,938$69,021
  $83,854$85,028
  Population by Occupation
  12.4%1.2%
  0.0%0.5%
  13.5%6.8%
  7.9%10.0%
  3.9%2.5%
  9.8%11.0%
  2.1%4.8%
  0.0%0.8%
  2.3%1.9%
  7.7%4.7%
  0.0%1.9%
  4.1%7.6%
  0.0%0.1%
  3.6%4.2%
  6.1%9.3%
  20.0%14.0%
  0.0%2.1%
  1.2%7.0%
  3.0%4.8%
  2.4%4.7%
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