Fairfax, VT is a small town located in the Green Mountain State of Vermont. It has a population of 3,000 people and offers an array of amenities such as coffee shops, restaurants, retail stores, and more. The rent for a two-bedroom apartment is around $1,640 per month which is slightly more than the US average of $1,430. In addition to this, the Grocery Cost Index in Fairfax is 109 compared to 100 on average for the rest of the US. Therefore it can be said that living costs in Fairfax are slightly above the average for other towns in Vermont. Some local businesses residents may find helpful include The Market Place grocery store, Fairfax Antiques & Gifts shop, Charlie B's Restaurant & Pub, and Heartwood Sugaring Supply & Gift Shop.
Fairfax has an unemployment rate of 2.4%. The US average is 6.0%.
Fairfax has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Fairfax
- The Sales Tax Rate for Fairfax is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairfax is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairfax
- The average income of a Fairfax resident is $32,693 a year. The US average is $28,555 a year.
- The Median household income of a Fairfax resident is $92,536 a year. The US average is $69,021 a year.