Cost of living in Fair Oaks 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 Fair Oaks is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, 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 Fair Oaks is 134, with 100 being the average.
The cost of living index in Fair Oaks is 1.3x higher than the national average.
Fair Oaks ranks as the #312 cheapest in California out of 635.
Fair Oaks ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Fair Oaks is $541,800.
The median income in Fair Oaks is $99,629.
According to the most recent data on the cost of living, Fair Oaks has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to California, Fair Oaks has a cost of living index that's 1.0x lower than California's index of 139.
The standard of living in Fair Oaks ranks as #312 most affordable out of the 635 places we measured in California. By definition, that implies Fair Oaks ranks as the #323 most expensive place in the Golden State.
For more reading on life in Fair Oaks, check out:
Six factors go into calculating the cost of living index in Fair Oaks. Here is how it fairs on each of the criteria:
The Services index in Fair Oaks is 117.
The Groceries index in Fair Oaks is 107.
The Health index in Fair Oaks is 123.
The Housing index in Fair Oaks is 181.
The Transportation index in Fair Oaks is 134.
The Utilities index in Fair Oaks is 110.
Living Expense | Fair Oaks | California | National Average | |
---|---|---|---|---|
Overall | 134 | 139 | 100 | |
Services | 117 | 110 | 100 | |
Groceries | 107 | 112 | 100 | |
Health | 123 | 109 | 100 | |
Housing | 181 | 204 | 100 | |
Transportation | 134 | 126 | 100 | |
Utilities | 110 | 124 | 100 |
Housing swings affordability the most between places in California, 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 Fair Oaks is $541,800.
The Median Rent in Fair Oaks is $1,599.
The Median Income in Fair Oaks is $99,629.
The Home Value To Income in Fair Oaks is 5.4x.
The Rent To Monthly Income in Fair Oaks is 0.19x.
Statistic | Fair Oaks | California | United States |
---|---|---|---|
Median Home Value | $541,800 | $573,200 | $244,900 |
Median Rent | $1,599 | $1,698 | $1,163 |
Median Income | $99,629 | $84,097 | $69,021 |
Home Value To Income | 5.4x | 6.8x | 3.5x |
Rent To Monthly Income | 0.19x | 0.24x | 0.2x |
Item | Fair Oaks | California |
---|---|---|
Shampoo | $1.24 | $1.06 |
Movie | $13.93 | $10.68 |
Bowling | $20.08 | $14.67 |
Haircut | $24.02 | $18.62 |
Beauty Salon | $62.28 | $39.05 |
Item | Fair Oaks | California |
---|---|---|
Ground Beef | $5.05 | $4.22 |
Fried Chicken | $1.31 | $1.39 |
Milk | $2.66 | $2.05 |
Potatoes | $3.2 | $3.29 |
Pizza | $17.03 | $10.62 |
Beer | $9.52 | $9.38 |
Toothpaste | $2.79 | $2.34 |
Item | Fair Oaks | California |
---|---|---|
Optometrist | $148.5 | $108.57 |
Doctor | $194.75 | $116.17 |
Dentist | $94.8 | $99.13 |
Item | Fair Oaks | California |
---|---|---|
Gasoline | $3.24 | $2.22 |
Tire Balancing | $51.87 | $50.07 |
Item | Fair Oaks | California |
---|---|---|
All Electricity | $192.37 | $167.67 |
Phone | $186.51 | $175.64 |
The cost of living varies in the cities and towns around Fair Oaks. Here's a quick look at the cost of living in the most populous nearby places:
Citrus Heights, CA has a cost of living index of 117, 0.9x Fair Oaks.
Folsom, CA has a cost of living index of 144, 1.1x Fair Oaks.
Rancho Cordova, CA has a cost of living index of 117, 0.9x Fair Oaks.
City | Population | Cost Of Living | Vs. Fair Oaks |
---|---|---|---|
Citrus Heights, CA | 87,521 | 117 | 0.9x |
Folsom, CA | 79,201 | 144 | 1.1x |
Rancho Cordova, CA | 78,358 | 117 | 0.9x |
Carmichael, CA | 77,358 | 124 | 0.9x |
Rocklin, CA | 70,317 | 137 | 1.0x |
El Dorado Hills, CA | 48,612 | 163 | 1.2x |
North Highlands, CA | 48,424 | 109 | 0.8x |
Antelope, CA | 48,421 | 125 | 0.9x |
Vineyard, CA | 41,505 | 134 | 1.0x |
Foothill Farms, CA | 37,432 | 111 | 0.8x |