Fayette, OH is a rural town located in Ohio. It offers affordable living with an average two bedroom rent of $780 per month, which is significantly lower than the US average of $1,430 per month. The grocery cost index in Fayette is 90 versus 100 in the US, so groceries are relatively more affordable. There are many local businesses that serve the community such as David's Auto Repair & Supply and Reineke Ford Lincoln Inc. Other amenities include a local farmers market, several restaurants including Martinez Mexican Restaurant and Scenic View Diner, and plenty of outdoor activities to explore.
Fayette has an unemployment rate of 4.3%. The US average is 6.0%.
Fayette has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Fayette
- The Sales Tax Rate for Fayette is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Fayette 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 Fayette
- The average income of a Fayette resident is $19,835 a year. The US average is $37,638 a year.
- The Median household income of a Fayette resident is $41,875 a year. The US average is $69,021 a year.