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 New Jersey, 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 140, with 100 being the average.
The cost of living index in Fairview is 1.4x higher than the national average.
Fairview ranks as the #174 cheapest in New Jersey out of 251.
Fairview ranks as the #5,578 cheapest out of 6,412 in the US.
The median home value in Fairview is $429,600.
The median income in Fairview is $54,904.
According to the most recent data on the cost of living, Fairview has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Fairview has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Fairview ranks as #174 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Fairview ranks as the #77 most expensive place in the Garden 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 135.
The Groceries index in Fairview is 150.
The Health index in Fairview is 112.
The Housing index in Fairview is 175.
The Transportation index in Fairview is 132.
The Utilities index in Fairview is 98.
|Living Expense||Fairview||New Jersey||National Average|
Housing swings affordability the most between places in New Jersey, 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 $429,600.
The Median Rent in Fairview is $1,360.
The Median Income in Fairview is $54,904.
The Home Value To Income in Fairview is 7.8x.
The Rent To Monthly Income in Fairview is 0.3x.
|Statistic||Fairview||New Jersey||United States|
|Median Home Value||$429,600||$355,700||$244,900|
|Home Value To Income||7.8x||4.0x||3.5x|
|Rent To Monthly Income||0.3x||0.19x||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:
West New York, NJ has a cost of living index of 138, 1.0x Fairview.
Fort Lee, NJ has a cost of living index of 141, 1.0x Fairview.
Cliffside Park, NJ has a cost of living index of 152, 1.1x Fairview.
|City||Population||Cost Of Living||Vs. Fairview|
|West New York, NJ||52,485||138||1.0x|
|Fort Lee, NJ||39,701||141||1.0x|
|Cliffside Park, NJ||25,515||152||1.1x|
|Palisades Park, NJ||20,291||162||1.2x|
|Port Washington, NY||16,807||185||1.3x|
|North New Hyde Park, NY||15,125||170||1.2x|
|Ridgefield Park, NJ||13,202||141||1.0x|