Fairmount, IL is a great place to call home with its affordable rent costs and convenient location. The average 2 bedroom rent in Fairmount, IL is only $760, which is significantly lower than the US average of $1,430. Living here also comes with the benefit of having access to local businesses that offer competitive prices on goods and services. Some notable local establishments include The Country Store & Farmstand, Fairmount Corner Store, Kinderhook Cafe & Pizza, and Piehl Insurance Agency. Grocery cost index in Fairmount is 92 compared to 100 in the US - making it a great budget friendly option for those looking to save some money on food shopping.
Fairmount (zip 61841) has an unemployment rate of 6.9%. The US average is 6.0%.
Fairmount (zip 61841) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Fairmount (zip 61841)
- The Sales Tax Rate for Fairmount (zip 61841) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Fairmount (zip 61841) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairmount (zip 61841)
- The average income of a Fairmount (zip 61841) resident is $27,525 a year. The US average is $37,638 a year.
- The Median household income of a Fairmount (zip 61841) resident is $62,500 a year. The US average is $69,021 a year.