Fairmont, NC is a small town located in Robeson County with a population of roughly 3,000 people. It is home to many local businesses such as Fairmont Trading Company, Albemarle Wine & Cheese Bar, and M&M Glass Service. The cost of living in Fairmont is relatively affordable compared to the US average. The median two bedroom rent price is $690 per month, which is almost half of the national average two bedroom rent of $1,430 per month. Additionally, the Grocery Cost Index in Fairmont is 92 versus 100 in the US which means groceries are 8% cheaper than the national average. All in all, Fairmont offers an affordable cost of living with plenty of local businesses to explore.
Fairmont has an unemployment rate of 6.8%. The US average is 6.0%.
Fairmont 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 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Fairmont
- The Sales Tax Rate for Fairmont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairmont is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairmont
- The average income of a Fairmont resident is $14,094 a year. The US average is $28,555 a year.
- The Median household income of a Fairmont resident is $30,547 a year. The US average is $69,021 a year.