Fairfield, SD is a small town with a population of less than 1000 people. The cost of living here is much lower than the national average. The rent for a two-bedroom apartment is about $850, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Fairfield is 98 compared to the national average of 100. This makes shopping for groceries more affordable in this community. Local companies include Sun Raised Meats, American West Bank, and Lovejoy's Grocery. These companies provide essential products and services to the townspeople and create jobs that help keep residents employed.
Fairfield has an unemployment rate of 3.0%. The US average is 6.0%.
Fairfield has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Fairfield
- The Sales Tax Rate for Fairfield is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Fairfield is 0.0%. 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 $37,246 a year. The US average is $37,638 a year.
- The Median household income of a Fairfield resident is $76,250 a year. The US average is $69,021 a year.