Fairfield, AL Cost Of Living
Cost Of Living In Fairfield, AL Summary
Cost of living in Fairfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fairfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fairfield is 85, with 100 being the average.
The cost of living index in Fairfield is 0.8x lower than the national average.
Fairfield ranks as the #23 cheapest in Alabama out of 115.
Fairfield ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Fairfield is $101,000.
The median income in Fairfield is $43,914.
Table Of Contents
Fairfield's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Fairfield, AL?
According to the most recent data on the cost of living, Fairfield has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Alabama, Fairfield has a cost of living index that's 1.0x lower than Alabama's index of 88.
The standard of living in Fairfield ranks as #23 most affordable out of the 115 places we measured in Alabama. By definition, that implies Fairfield ranks as the #92 most expensive place in the Heart of Dixie.
For more reading on life in Fairfield, check out:
- Living In Fairfield
- Search Homes For Sale In Fairfield, AL
In Alabama
In America
Fairfield Cost Of Living Vs. Alabama
Six factors go into calculating the cost of living index in Fairfield. Here is how it fairs on each of the criteria:
The Services index in Fairfield is 103.
The Groceries index in Fairfield is 94.
The Health index in Fairfield is 90.
The Housing index in Fairfield is 57.
The Transportation index in Fairfield is 95.
The Utilities index in Fairfield is 103.
| Living Expense | Fairfield | Alabama | National Average | |
|---|---|---|---|---|
| Overall | 85 | 88 | 100 | |
| Services | 103 | 95 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 90 | 88 | 100 | |
| Housing | 57 | 69 | 100 | |
| Transportation | 95 | 90 | 100 | |
| Utilities | 103 | 101 | 100 | |
Fairfield, AL Housing Cost Breakdown
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fairfield is $101,000.
The Median Rent in Fairfield is $871.
The Median Income in Fairfield is $43,914.
The Home Value To Income in Fairfield is 2.3x.
The Rent To Monthly Income in Fairfield is 0.24x.
| Statistic | Fairfield | Alabama | United States |
|---|---|---|---|
| Median Home Value | $101,000 | $157,100 | $244,900 |
| Median Rent | $871 | $852 | $1,163 |
| Median Income | $43,914 | $54,943 | $69,021 |
| Home Value To Income | 2.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Fairfield, AL Costs By Category
Detailed Fairfield Services Costs Vs. Alabama
Detailed Fairfield Groceries Costs Vs. Alabama
Detailed Fairfield Health Costs Vs. Alabama
Detailed Fairfield Transportation Costs Vs. Alabama
Detailed Fairfield Utilities Costs Vs. Alabama
Fairfield SnackAbility
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Cost Of Living In Cities Around Fairfield
The cost of living varies in the cities and towns around Fairfield. Here's a quick look at the cost of living in the most populous nearby places:
Birmingham, AL has a cost of living index of 87, 1.0x Fairfield.
Homewood, AL has a cost of living index of 112, 1.3x Fairfield.
Bessemer, AL has a cost of living index of 84, 1.0x Fairfield.
| City | Population | Cost Of Living | Vs. Fairfield |
|---|---|---|---|
| Birmingham, AL | 202,234 | 87 | 1.0x |
| Homewood, AL | 26,206 | 112 | 1.3x |
| Bessemer, AL | 26,171 | 84 | 1.0x |
| Pelham, AL | 24,134 | 99 | 1.2x |
| Helena, AL | 20,680 | 102 | 1.2x |
| Hueytown, AL | 16,694 | 91 | 1.1x |
| Center Point, AL | 16,422 | 90 | 1.1x |
| Gardendale, AL | 15,920 | 95 | 1.1x |
| Chelsea, AL | 14,710 | 107 | 1.3x |
| Irondale, AL | 13,457 | 91 | 1.1x |
