Fairfax, OH Economy


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Fairfax, OH is a small city located in southwestern Ohio. It is conveniently located near larger metropolitan areas such as Cincinnati and Dayton, providing easy access to amenities and activities for locals. The cost of living in Fairfax is quite reasonable, with the average two bedroom rent being $1,270 compared to the US average of $1,430. Additionally, grocery costs are relatively inexpensive with a local index of 98 versus 100 on the national scale. The economy of Fairfax is largely comprised of local businesses such as Stencil Industries and Handyman Home Improvement Store. Residents can also take advantage of the city's parks and golf course for recreation and leisure activities in this charming town.

Fairfax has an unemployment rate of 4.4%. The US average is 6.0%.

Fairfax has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.

Tax Rates for Fairfax
- The Sales Tax Rate for Fairfax is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairfax is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Fairfax
- The average income of a Fairfax resident is $41,879 a year. The US average is $37,638 a year.
- The Median household income of a Fairfax resident is $68,712 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairfax, OhioUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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