Fairlee, VT is a small town located in Orange County with a population of about 593 people. It has been growing steadily over the past few years and is becoming increasingly popular among young professionals seeking a peaceful and affordable place to live. The average two-bedroom rent for Fairlee is $1,110, which is significantly lower than the US average of $1,430. Furthermore, the grocery cost index here is 107 versus 100 in the US.
Fairlee offers residents plenty of attractions and activities. There are numerous outdoor recreational spots such as Brown’s River Falls and Lake Morey Resort which provide opportunities for fishing, kayaking and camping. Also to note are the local businesses that serve the community such as Top Notch Barbershop, Fairlee Pharmacy, or Corner Market Grocery Store- all of which provide essential services to the residents of Fairlee. With its low costs of living and an abundance of activities nearby it is no surprise that Fairlee’s popularity continues to rise!
Fairlee has an unemployment rate of 2.7%. The US average is 6.0%.
Fairlee has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Fairlee
- The Sales Tax Rate for Fairlee is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairlee 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 Fairlee
- The average income of a Fairlee resident is $33,137 a year. The US average is $28,555 a year.
- The Median household income of a Fairlee resident is $53,767 a year. The US average is $69,021 a year.