Cost of living in Fairview 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 Fairview is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Georgia, 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 Fairview is 80, with 100 being the average.
The cost of living index in Fairview is 0.8x lower than the national average.
Fairview ranks as the #3 cheapest in Georgia out of 154.
Fairview ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Fairview is $128,400.
The median income in Fairview is $46,291.
According to the most recent data on the cost of living, Fairview has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Georgia, Fairview has a cost of living index that's 0.9x lower than Georgia's index of 89.
The standard of living in Fairview ranks as #3 most affordable out of the 154 places we measured in Georgia. By definition, that implies Fairview ranks as the #151 most expensive place in the Peach State.
For more reading on life in Fairview, check out:
Six factors go into calculating the cost of living index in Fairview. Here is how it fairs on each of the criteria:
The Services index in Fairview is 94.
The Groceries index in Fairview is 101.
The Health index in Fairview is 96.
The Housing index in Fairview is 56.
The Transportation index in Fairview is 88.
The Utilities index in Fairview is 93.
|Living Expense||Fairview||Georgia||National Average|
Housing swings affordability the most between places in Georgia, 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 Fairview is $128,400.
The Median Rent in Fairview is $825.
The Median Income in Fairview is $46,291.
The Home Value To Income in Fairview is 2.8x.
The Rent To Monthly Income in Fairview is 0.21x.
|Median Home Value||$128,400||$206,700||$244,900|
|Home Value To Income||2.8x||3.2x||3.5x|
|Rent To Monthly Income||0.21x||0.2x||0.2x|
The cost of living varies in the cities and towns around Fairview. Here's a quick look at the cost of living in the most populous nearby places:
Chattanooga, TN has a cost of living index of 91, 1.1x Fairview.
East Ridge, TN has a cost of living index of 88, 1.1x Fairview.
Red Bank, TN has a cost of living index of 88, 1.1x Fairview.
|City||Population||Cost Of Living||Vs. Fairview|
|East Ridge, TN||21,967||88||1.1x|
|Red Bank, TN||11,855||88||1.1x|
|Middle Valley, TN||11,569||93||1.2x|
|Fort Oglethorpe, GA||10,196||85||1.1x|
|Signal Mountain, TN||8,770||115||1.4x|