Fairfield, ND Economy


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Fairfield, ND is a small city located in the Midwest. It has a population of just under 4,000 people and offers a more relaxed way of life than larger cities. Despite its size, Fairfield is home to many businesses such as Ahlgrim Construction & Trucking, F&M Bank & Trust, and Griggs County Title Company. The local economy is strong and stable, with 2 bedroom rent costing $840 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Fairfield is 99 versus 100 in the US. This makes it an attractive location for those looking for affordable living costs without sacrificing quality of services.

Fairfield has an unemployment rate of 4.0%. The US average is 6.0%.

Fairfield has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.

Tax Rates for Fairfield
- The Sales Tax Rate for Fairfield is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Fairfield is 2.0%. 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 $55,220 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield resident is $75,684 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairfield, North DakotaUnited States
  46
  -4.7%-6.2%
  33.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $38,222$37,638
  $75,684$69,021
  $76,230$85,028
  Population by Occupation
  22.5%1.2%
  0.0%0.5%
  7.0%6.8%
  1.4%10.0%
  0.0%2.5%
  40.8%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  1.4%7.6%
  0.0%0.1%
  0.0%4.2%
  11.3%9.3%
  4.2%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  11.3%4.7%
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