Zip 04742 (Fort Fairfield, ME) Economy


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United States / Maine / No Metro Area / Aroostook County / No City / Fort Fairfield (zip 04742)
Fort Fairfield, ME (04742) is a small town in Northern Maine with a population of 3,359. It has a variety of local businesses such as Northern Maine Quality Meats, The Mercantile Shop, and North Star Orchard. Two-bedroom rent in Fort Fairfield is only $820 per month which is significantly lower than the average rent of $1,430 for the US. The Grocery Cost Index in Fort Fairfield is 104 versus 100 for the entire country which indicates that groceries are slightly more expensive here than elsewhere. Fort Fairfield offers many amenities to its residents including biking trails, ski slopes, public parks as well as access to nearby lakes and rivers for fishing and recreation.

Fort Fairfield (zip 04742) has an unemployment rate of 5.9%. The US average is 6.0%.

Fort Fairfield (zip 04742) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.

Tax Rates for Fort Fairfield (zip 04742)
- The Sales Tax Rate for Fort Fairfield (zip 04742) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Fort Fairfield (zip 04742) is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Fort Fairfield (zip 04742)
- The average income of a Fort Fairfield (zip 04742) resident is $31,583 a year. The US average is $37,638 a year.
- The Median household income of a Fort Fairfield (zip 04742) resident is $44,719 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFort Fairfield, MaineUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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