Fair Oaks, VA Cost Of Living
Cost Of Living In Fair Oaks, VA Summary
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 Virginia, 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 147, with 100 being the average.
The cost of living index in Fair Oaks is 1.5x higher than the national average.
Fair Oaks ranks as the #141 cheapest in Virginia out of 186.
Fair Oaks ranks as the #5,771 cheapest out of 6,412 in the US.
The median home value in Fair Oaks is $492,900.
The median income in Fair Oaks is $111,329.
Table Of Contents
Fair Oaks's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Fair Oaks, VA?
According to the most recent data on the cost of living, Fair Oaks has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.
Compared to Virginia, Fair Oaks has a cost of living index that's 1.4x higher than Virginia's index of 102.
The standard of living in Fair Oaks ranks as #141 most affordable out of the 186 places we measured in Virginia. By definition, that implies Fair Oaks ranks as the #45 most expensive place in the Old Dominion.
For more reading on life in Fair Oaks, check out:
- Living In Fair Oaks
- Search Homes For Sale In Fair Oaks, VA
In Virginia
In America
Fair Oaks Cost Of Living Vs. Virginia
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 114.
The Groceries index in Fair Oaks is 123.
The Health index in Fair Oaks is 97.
The Housing index in Fair Oaks is 230.
The Transportation index in Fair Oaks is 103.
The Utilities index in Fair Oaks is 97.
| Living Expense | Fair Oaks | Virginia | National Average | |
|---|---|---|---|---|
| Overall | 147 | 102 | 100 | |
| Services | 114 | 102 | 100 | |
| Groceries | 123 | 98 | 100 | |
| Health | 97 | 102 | 100 | |
| Housing | 230 | 107 | 100 | |
| Transportation | 103 | 95 | 100 | |
| Utilities | 97 | 102 | 100 | |
Fair Oaks, VA Housing Cost Breakdown
Housing swings affordability the most between places in Virginia, 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 $492,900.
The Median Rent in Fair Oaks is $2,059.
The Median Income in Fair Oaks is $111,329.
The Home Value To Income in Fair Oaks is 4.4x.
The Rent To Monthly Income in Fair Oaks is 0.22x.
| Statistic | Fair Oaks | Virginia | United States |
|---|---|---|---|
| Median Home Value | $492,900 | $295,500 | $244,900 |
| Median Rent | $2,059 | $1,326 | $1,163 |
| Median Income | $111,329 | $80,615 | $69,021 |
| Home Value To Income | 4.4x | 3.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Fair Oaks, VA Costs By Category
Detailed Fair Oaks Services Costs Vs. Virginia
Detailed Fair Oaks Groceries Costs Vs. Virginia
Detailed Fair Oaks Health Costs Vs. Virginia
Detailed Fair Oaks Transportation Costs Vs. Virginia
Detailed Fair Oaks Utilities Costs Vs. Virginia
Fair Oaks SnackAbility
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Cost Of Living In Cities Around Fair Oaks
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:
Centreville, VA has a cost of living index of 137, 0.9x Fair Oaks.
Bethesda, MD has a cost of living index of 192, 1.3x Fair Oaks.
Oakton, VA has a cost of living index of 163, 1.1x Fair Oaks.
| City | Population | Cost Of Living | Vs. Fair Oaks |
|---|---|---|---|
| Centreville, VA | 73,064 | 137 | 0.9x |
| Bethesda, MD | 66,294 | 192 | 1.3x |
| Oakton, VA | 36,675 | 163 | 1.1x |
| North Potomac, MD | 24,449 | 167 | 1.1x |
| Fairfax, VA | 23,980 | 147 | 1.0x |
| Chantilly, VA | 23,564 | 148 | 1.0x |
| Franklin Farm, VA | 18,906 | 167 | 1.1x |
| Kings Park West, VA | 13,812 | 158 | 1.1x |
| Fairfax Station, VA | 12,322 | 174 | 1.2x |
| Lowes Island, VA | 11,272 | 163 | 1.1x |
