Fairfield, Kentucky is a small town located in the heart of Kentucky. With a population of just over 400 people, it is a great place to live for those looking for an affordable and peaceful community. The average two bedroom rent in Fairfield is $660, which is significantly lower than the US average of $1,430, making this an excellent choice for renters on a budget. In addition to its affordability, Fairfield has a very low grocery cost index of 95 compared to 100 in the US.
Families looking for an affordable rental option in Fairfield can find many local real estate companies that specialize in rentals. These include Lindsay Realty Group Inc., Hall Real Estate LLC, and Coldwell Banker McMahan Co. With these companies providing homes at reasonable prices and great customer service, it’s easy to see why so many residents choose to call Fairfield home.
Fairfield (zip 40020) has an unemployment rate of 4.4%. The US average is 6.0%.
Fairfield (zip 40020) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.0%, which is higher than the US average of 33.5%.
Tax Rates for Fairfield (zip 40020)
- The Sales Tax Rate for Fairfield (zip 40020) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fairfield (zip 40020) 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 Fairfield (zip 40020)
- The average income of a Fairfield (zip 40020) resident is $26,904 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield (zip 40020) resident is $77,917 a year. The US average is $69,021 a year.