Fayette, PA is a great place to live with many local attractions and businesses. Companies such as Fayette Chamber of Commerce, Fayette Farmers Market, and Warwood Tool Company are just some of the many employers that make up this vibrant community. Rent prices in Fayette are much lower than the national average for 2 bedroom apartments at $800 versus $1,430 which makes it an attractive destination for those looking for more affordable living arrangements. Additionally, the Grocery Cost Index is 101 in Fayette compared to 100 nationally making groceries more accessible to residents there. These factors make Fayette an ideal choice when considering where to live and work.
Fayette has an unemployment rate of 5.9%. The US average is 6.0%.
Fayette has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Fayette
- The Sales Tax Rate for Fayette is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette is 4.1%. 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 $24,118 a year. The US average is $28,555 a year.
- The Median household income of a Fayette resident is $73,028 a year. The US average is $69,021 a year.