Zip 26554 (Fairmont, WV) Economy


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26554 Fairmont, WV is an ideal place to call home for those looking to enjoy a low-cost of living with plenty of local amenities. The median two bedroom rent in the area is $1,040 - far lower than the US median rent of $1,430. As for groceries, the cost index in Fairmont is 98 versus 100 in the US - again offering a great value.
When it comes to local businesses and amenities, there are plenty of options. Notable companies operating in the area include LaRosa Supply Inc., EZ-Go Golf Cart Sales & Service, and Top Notch Woodworking Inc. Additionally, residents have access to a variety of outdoor activities such as fishing at Pricketts Fort State Park, shopping at Monongalia County Farmer's Market or High Street Antiques & Collectibles, and exploring White Day Winery & Vineyard. 26554 Fairmont, WV truly offers something for everyone!

Fairmont (zip 26554) has an unemployment rate of 6.0%. The US average is 6.0%.

Fairmont (zip 26554) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.

Tax Rates for Fairmont (zip 26554)
- The Sales Tax Rate for Fairmont (zip 26554) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fairmont (zip 26554) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Fairmont (zip 26554)
- The average income of a Fairmont (zip 26554) resident is $24,902 a year. The US average is $28,555 a year.
- The Median household income of a Fairmont (zip 26554) resident is $54,148 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairmont, West VirginiaUnited States
  66
  -5.3%-6.2%
  24.0%33.5%
  7.0%6.2%
  6.0%4.6%
  $30,816$37,638
  $54,148$69,021
  $70,598$85,028
  Population by Occupation
  0.1%1.2%
  3.1%0.5%
  5.3%6.8%
  6.3%10.0%
  2.3%2.5%
  12.4%11.0%
  4.5%4.8%
  3.4%0.8%
  1.5%1.9%
  2.6%4.7%
  0.7%1.9%
  4.4%7.6%
  0.2%0.1%
  3.4%4.2%
  11.2%9.3%
  18.8%14.0%
  1.4%2.1%
  6.0%7.0%
  6.1%4.8%
  6.3%4.7%
Health