Cost of living in Fairborn 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 Fairborn is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Ohio, 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 Fairborn is 89, with 100 being the average.
The cost of living index in Fairborn is 0.9x lower than the national average.
Fairborn ranks as the #125 cheapest in Ohio out of 286.
Fairborn ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Fairborn is $134,000.
The median income in Fairborn is $54,076.
According to the most recent data on the cost of living, Fairborn has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Ohio, Fairborn has a cost of living index that's 1.0x lower than Ohio's index of 91.
The standard of living in Fairborn ranks as #125 most affordable out of the 286 places we measured in Ohio. By definition, that implies Fairborn ranks as the #161 most expensive place in the Buckeye State.
For more reading on life in Fairborn, check out:
Six factors go into calculating the cost of living index in Fairborn. Here is how it fairs on each of the criteria:
The Services index in Fairborn is 103.
The Groceries index in Fairborn is 97.
The Health index in Fairborn is 84.
The Housing index in Fairborn is 68.
The Transportation index in Fairborn is 101.
The Utilities index in Fairborn is 95.
Living Expense | Fairborn | Ohio | National Average | |
---|---|---|---|---|
Overall | 89 | 91 | 100 | |
Services | 103 | 98 | 100 | |
Groceries | 97 | 101 | 100 | |
Health | 84 | 95 | 100 | |
Housing | 68 | 73 | 100 | |
Transportation | 101 | 98 | 100 | |
Utilities | 95 | 93 | 100 |
Housing swings affordability the most between places in Ohio, 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 Fairborn is $134,000.
The Median Rent in Fairborn is $861.
The Median Income in Fairborn is $54,076.
The Home Value To Income in Fairborn is 2.5x.
The Rent To Monthly Income in Fairborn is 0.19x.
Statistic | Fairborn | Ohio | United States |
---|---|---|---|
Median Home Value | $134,000 | $159,900 | $244,900 |
Median Rent | $861 | $870 | $1,163 |
Median Income | $54,076 | $61,938 | $69,021 |
Home Value To Income | 2.5x | 2.6x | 3.5x |
Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Fairborn. Here's a quick look at the cost of living in the most populous nearby places:
Kettering, OH has a cost of living index of 88, 1.0x Fairborn.
Beavercreek, OH has a cost of living index of 101, 1.1x Fairborn.
Huber Heights, OH has a cost of living index of 90, 1.0x Fairborn.
City | Population | Cost Of Living | Vs. Fairborn |
---|---|---|---|
Kettering, OH | 57,503 | 88 | 1.0x |
Beavercreek, OH | 46,320 | 101 | 1.1x |
Huber Heights, OH | 42,650 | 90 | 1.0x |
Riverside, OH | 24,472 | 85 | 1.0x |
Centerville, OH | 24,281 | 98 | 1.1x |
Springboro, OH | 18,831 | 101 | 1.1x |
Vandalia, OH | 15,155 | 92 | 1.0x |
Clayton, OH | 13,246 | 93 | 1.0x |
Northridge, OH | 7,791 | 91 | 1.0x |
Bellbrook, OH | 7,266 | 97 | 1.1x |