Fayette, OH County is a great place to call home. With a cost of living that’s lower than the national average, it’s an affordable place to live and work. The average two bedroom rent in Fayette County is just $810 per month – significantly cheaper than the US average of $1,430. Furthermore, the grocery cost index is only 95 out of a 100 for the US; this demonstrates that groceries are more affordable in Fayette County than they are nationally.
With its close proximity to Columbus and Dayton, there are plenty of job opportunities in Fayette County. Local companies such as Bil-Jax Inc., Midwest Industrial Supply Company Inc., Robert Broomfield Corporation and Toledo Molding & Die Co have headquarters in Fayette County. Additionally, large employers like Honda have a presence here as well as many local businesses throughout the county.
Fayette County has an unemployment rate of 4.7%. The US average is 6.0%.
Fayette County has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Fayette County
- The Sales Tax Rate for Fayette County is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Fayette County is 3.5%. 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 $27,586 a year. The US average is $37,638 a year.
- The Median household income of a Fayette County resident is $52,964 a year. The US average is $69,021 a year.