Fayette, IA is a small town with a population of 2,582 people. This rural area offers an array of local businesses such as The Coffee Cup Cafe and Fayette City Pharmacy. It's also home to the Upper Iowa University, ensuring a steady flow of college students into the community. Rent for a two bedroom apartment in Fayette is $800, which is significantly lower than the US average of $1,430. Likewise, the Grocery Cost Index for Fayette is 93 compared to 100 in the US, making it more affordable to shop for food in this area. In general, the cost of living in Fayette is quite low compared to other areas across the country.
Fayette (zip 52142) has an unemployment rate of 5.1%. The US average is 6.0%.
Fayette (zip 52142) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Fayette (zip 52142)
- The Sales Tax Rate for Fayette (zip 52142) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette (zip 52142) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fayette (zip 52142)
- The average income of a Fayette (zip 52142) resident is $26,368 a year. The US average is $37,638 a year.
- The Median household income of a Fayette (zip 52142) resident is $41,179 a year. The US average is $69,021 a year.