47943 Fair Oaks, Indiana is a small town located about 15 miles northwest of Fort Wayne. It offers affordable housing, with a 2 bedroom rental price of only $960 per month. The cost of living in Fair Oaks is lower than the US average, with the Grocery Cost Index coming in at 95 compared to 100 in the US. There are several local businesses available to residents including Wilch’s Hardware Store, Case’s Café and Uncle Mark’s Auto Repair. The Cost of Living Index for Fair Oaks is 94.7 overall, meaning that it is 5.3% lower than the average cost of living in the United States.
Fair Oaks (zip 47943) has an unemployment rate of 5.0%. The US average is 6.0%.
Fair Oaks (zip 47943) 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 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Fair Oaks (zip 47943)
- The Sales Tax Rate for Fair Oaks (zip 47943) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fair Oaks (zip 47943) is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fair Oaks (zip 47943)
- The average income of a Fair Oaks (zip 47943) resident is $22,616 a year. The US average is $28,555 a year.
- The Median household income of a Fair Oaks (zip 47943) resident is $53,816 a year. The US average is $69,021 a year.