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 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 Fairfield is 95, with 100 being the average.
The cost of living index in Fairfield is 0.9x lower than the national average.
Fairfield ranks as the #200 cheapest in Ohio out of 286.
Fairfield ranks as the #2,449 cheapest out of 6,412 in the US.
The median home value in Fairfield is $170,900.
The median income in Fairfield is $63,418.
According to the most recent data on the cost of living, Fairfield has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Ohio, Fairfield has a cost of living index that's 1.0x higher than Ohio's index of 91.
The standard of living in Fairfield ranks as #200 most affordable out of the 286 places we measured in Ohio. By definition, that implies Fairfield ranks as the #86 most expensive place in the Buckeye State.
For more reading on life in Fairfield, check out:
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 99.
The Groceries index in Fairfield is 97.
The Health index in Fairfield is 100.
The Housing index in Fairfield is 82.
The Transportation index in Fairfield is 108.
The Utilities index in Fairfield is 89.
Living Expense | Fairfield | Ohio | National Average | |
---|---|---|---|---|
Overall | 95 | 91 | 100 | |
Services | 99 | 98 | 100 | |
Groceries | 97 | 101 | 100 | |
Health | 100 | 95 | 100 | |
Housing | 82 | 73 | 100 | |
Transportation | 108 | 98 | 100 | |
Utilities | 89 | 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 Fairfield is $170,900.
The Median Rent in Fairfield is $1,033.
The Median Income in Fairfield is $63,418.
The Home Value To Income in Fairfield is 2.7x.
The Rent To Monthly Income in Fairfield is 0.2x.
Statistic | Fairfield | Ohio | United States |
---|---|---|---|
Median Home Value | $170,900 | $159,900 | $244,900 |
Median Rent | $1,033 | $870 | $1,163 |
Median Income | $63,418 | $61,938 | $69,021 |
Home Value To Income | 2.7x | 2.6x | 3.5x |
Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
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:
Hamilton, OH has a cost of living index of 85, 0.9x Fairfield.
Mason, OH has a cost of living index of 104, 1.1x Fairfield.
Forest Park, OH has a cost of living index of 89, 0.9x Fairfield.
City | Population | Cost Of Living | Vs. Fairfield |
---|---|---|---|
Hamilton, OH | 63,127 | 85 | 0.9x |
Mason, OH | 34,337 | 104 | 1.1x |
Forest Park, OH | 19,940 | 89 | 0.9x |
Monfort Heights, OH | 13,221 | 98 | 1.0x |
Mack, OH | 11,452 | 104 | 1.1x |
Springdale, OH | 11,024 | 92 | 1.0x |
Montgomery, OH | 10,796 | 115 | 1.2x |
Beckett Ridge, OH | 9,716 | 106 | 1.1x |
Madeira, OH | 9,397 | 110 | 1.2x |
Wyoming, OH | 8,691 | 112 | 1.2x |