Fairfield, TX is a small town in Texas with an estimated population of 2,420 people. Despite its small size, Fairfield offers affordable housing for its residents with average two bedroom rent around $800 per month compared to US’s average rent of $1,430 per month. Cost of living is also generally low in Fairfield as the Grocery Cost Index is 95 versus the US index of 100. The unemployment rate in Fairfield is 5.2%, which is slightly above the state average. There are several local companies in Fairfield such as Nisom Manufacturing Company, Kroger store and Jack Hill ranch that offer job opportunities to locals. All these factors make Fairfield a great place for those looking for a lower cost of living than the rest of the country.
Fairfield has an unemployment rate of 9.4%. The US average is 6.0%.
Fairfield has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 1.1%, which is lower than the US average of 33.5%.
Tax Rates for Fairfield
- The Sales Tax Rate for Fairfield is 8.3%. 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 $27,500 a year. The US average is $37,638 a year.
- The Median household income of a Fairfield resident is $56,667 a year. The US average is $69,021 a year.