Fair Haven, Vermont is a small picturesque town with a population of around 2,500 people. It is located in the south-central part of the state on the western shore of Lake Bomoseen. This quaint, rural community has a relaxed atmosphere and plenty of outdoor activities to enjoy such as fishing, boating, and skiing. The estimated median house or condo value in Fair Haven is $162,800, slightly lower than the US average of $184,700. The cost of living is also quite low with a two bedroom rent averaging around $1,080 per month compared to the US average of $1430 per month. Grocery prices are slightly higher than the national index with an index rating of 105 compared to 100 in the US. The local economy is largely driven by small businesses such as hardware stores, restaurants and retail stores which provide services for locals and tourists alike.
Fair Haven (zip 05743) has an unemployment rate of 3.9%. The US average is 6.0%.
Fair Haven (zip 05743) has seen the job market decrease by -8.1% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Fair Haven (zip 05743)
- The Sales Tax Rate for Fair Haven (zip 05743) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fair Haven (zip 05743) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fair Haven (zip 05743)
- The average income of a Fair Haven (zip 05743) resident is $30,364 a year. The US average is $37,638 a year.
- The Median household income of a Fair Haven (zip 05743) resident is $64,031 a year. The US average is $69,021 a year.