Fayette County, IN is a great place to call home. It offers residents an affordable cost of living with the average rent for a two-bedroom apartment being $840 compared to the national average of $1,430. The grocery cost index in Fayette County is also lower than the national index at 91 versus 100 and it is home to several leading companies such as Best Buy and Walmart. There are many advantages to living in Fayette County, such as its low taxes and access to excellent job opportunities. Additionally, residents enjoy a low crime rate and safe neighborhoods. However, there are some drawbacks too, including limited public transportation options and a lack of entertainment venues.
Fayette County has an unemployment rate of 5.9%. The US average is 6.0%.
Fayette County has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Fayette County
- The Sales Tax Rate for Fayette County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette County is 5.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fayette County
- The average income of a Fayette County resident is $19,633 a year. The US average is $28,555 a year.
- The Median household income of a Fayette County resident is $48,101 a year. The US average is $69,021 a year.