Fairfax, SD (zip code 57335) is an area with low rent prices and cost of living index. The 2 bedroom rent in the area is $730 which is much lower than the US average of $1,430. This makes Fairfax a great option for those looking to save on rent payments. Additionally, the Grocery Cost Index in Fairfax is 96 versus 100 in the US, meaning groceries are relatively inexpensive here too. The city has many local businesses including Geneva's Family Restaurant, Farmer's Co-Op Elevator & Feed Mill, and Fairfax Healthcare Center. These companies offer job opportunities to those seeking employment in the area as well as services that benefit the community.
Fairfax (zip 57335) has an unemployment rate of 2.8%. The US average is 6.0%.
Fairfax (zip 57335) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Fairfax (zip 57335)
- The Sales Tax Rate for Fairfax (zip 57335) is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Fairfax (zip 57335) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fairfax (zip 57335)
- The average income of a Fairfax (zip 57335) resident is $19,161 a year. The US average is $28,555 a year.
- The Median household income of a Fairfax (zip 57335) resident is $56,250 a year. The US average is $69,021 a year.