Marion County · West Virginia · South · 18k residents
Fairmont, WV: economy, jobs & business costs
The site-selection read on Fairmont: labor costs, talent, corporate tax, energy, and business activity, with the West Virginia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,095/wk. West Virginia's corporate income tax rate is 6.5%. Commercial electricity averages 11.6¢/kWh.
Compare Fairmont side by side
Avg. weekly wage
$1,095/wk
Corporate income tax
6.5%
Bachelor's degree or higher
32.9%
Commercial electricity
11.6¢/kWh
Economic momentum
How fast Fairmont's economy is moving, ranked against the US cities we track.
7/100
Cooling
Ranks Fairmont's jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $163,800 |
| Price per sq. ft. | $110 |
| Property tax rate | 0.57% |
| 1-bedroom rent | $737/mo |
| 2-bedroom rent | $1,045/mo |
| State & local income tax | 4.07% |
| Sales tax | 6.55% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,095/wk |
| Bachelor's degree or higher | 32.9% |
| Commercial electricity | 11.6¢/kWh |
| Businesses per 1k residents | 31.6/1k |
| Wage: Software developer | $121,000 |
| Wage: Registered nurse | $80,130 |
| Wage: General manager | $82,500 |
| Wage: Customer service | $38,430 |
| Wage: Warehouse worker | $34,510 |
| Wage: Heavy truck driver | $49,480 |
| Wage: Electrician | $64,810 |
| Wage: Retail salesperson | $28,950 |
| Cost of living index | 77 |
| Groceries index | 96 |
| Utilities | $165/mo |
| Transit pass | $40/mo |
| Gas price | $3.20/gal |
| Healthcare index | 92 |
| Childcare (per child) | $750/mo |
| Median household income | $63,032 |
| Unemployment rate | 4.2% |
| Population | 18k |
| Crime index | 38/100 |
| School rating | 4.6/10 |
| Walkability | 30/100 |
| Disaster risk | 72/100 |
| Avg. commute | 26 min |
| Sunny days / year | 160 days |
| July high | 84°F |
| January low | 24°F |
| Annual snowfall | — |
| Home price YoY | +3.9% |
| Home price MoM | +0.2% |
| Rent YoY | +4.6% |
| Rent MoM | -0.1% |
| Employment (jobs) YoY | -1.5% |
| Building permits YoY | — |
| Ocean coast | 277 mi |
| Big lake | 162 mi |
| Mountains | 63 mi |
| Major airport | 70 mi |
| Ski resort | 42 mi |
Popular comparisons
Nearby
- Morgantown, WV · 30k
- Clarksburg, WV · 16k
- Wheeling, WV · 26k
- Weirton, WV · 19k
- Parkersburg, WV · 29k
Similar size
- Martinsburg, WV · 19k
- Beckley, WV · 17k
- Huntington, WV · 46k
- Charleston, WV · 47k
Real listings in Fairmont
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Fairmont a good place to run a business?
- West Virginia's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,095/wk; commercial electricity averages 11.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Fairmont, WV?
- Fairmont indexes at 77 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,045/mo and a acs median home value of $163,800.
- How much does a house cost in Fairmont?
- The acs median home value in Fairmont is $163,800 (Census ACS estimate; individual listings vary).
- How much is rent in Fairmont?
- A two-bedroom in Fairmont rents for about $1,045/mo.