Fairfield, TX (zip code 75840) is a small town located in Freestone County with a population of around 1,000 people. The average 2 Bedroom rent cost in this area is $830 which is significantly lower than the national 2 bedroom rent which stands at $1,430. This offers a great opportunity for those looking to save money on rent costs. Furthermore, the Grocery Cost Index in Fairfield stands at 95 versus the US index of 100 which means that grocery items are relatively less expensive in this area as compared to other places in the US.
Local companies such as Fairfield ISD, Johnny's Cash Store & Package, Cole's Barbeque & Catfish House are some of the big players that have been doing business here for quite some time. At present they offer plenty of employment opportunities to locals making it easier for them to make living here more affordable. All things considered, Fairfield has an overall lower cost of living compared to most other areas in the US which makes it an attractive place for those looking for a more affordable way of life.
Fairfield (zip 75840) has an unemployment rate of 9.4%. The US average is 6.0%.
Fairfield (zip 75840) has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 1.1%, which is lower than the US average of 33.5%.
Tax Rates for Fairfield (zip 75840)
- The Sales Tax Rate for Fairfield (zip 75840) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Fairfield (zip 75840) 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 Fairfield (zip 75840)
- The average income of a Fairfield (zip 75840) resident is $33,787 a year. The US average is $37,638 a year.
- The Median household income of a Fairfield (zip 75840) resident is $67,159 a year. The US average is $69,021 a year.