Fairmont, OK is located in Noble County and offers a small-town atmosphere with plenty of conveniences. With an estimated population of 1,084 according to data from the U.S. Census Bureau, the town offers a quiet lifestyle with affordable rent costs. The median 2 bedroom rent in Fairmont is $820 per month while the US median for a 2 bedroom rental is $1,430 per month – making Fairmont an attractive option to those looking to save money on rent expenses. Additionally, grocery costs are also relatively low compared to other areas across the country as Fairmont’s Grocery Cost Index is 91 versus 100 in the US.
Fairmont residents enjoy several local businesses such as King's Daughters Home Health Care Center as well as numerous restaurants like Pizza Palace and Curtis Restaurant & Lounge. There are also banking options available including Bank 7 and Security National Bank of Enid among others. With its low cost of living options, Fairmont is an ideal place to call home for those searching for affordability and convenience within a tight-knit community.
Fairmont has an unemployment rate of 3.5%. The US average is 6.0%.
Fairmont has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Fairmont
- The Sales Tax Rate for Fairmont is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Fairmont 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 Fairmont
- The average income of a Fairmont resident is $30,201 a year. The US average is $28,555 a year.
- The Median household income of a Fairmont resident is $63,750 a year. The US average is $69,021 a year.