Fair Oaks cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFair OaksVirginiaNational
Cost of living index145109100
IndexFair OaksVirginiaNational
Goods & Services index117100100
Groceries index11595100
Health care index98101100
Housing index226133100
Transportation index10893100
Utilities index90100100
A general summary of the cost of living index in Fair Oaks, VA is shown above. Compared to the state average of Virginia the cost of living index in Fair Oaks, VA is 145, which is 33% higher than the average in Virginia and compared to the national average it is 45% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Fair Oaks, VA goods and services come in at 17% higher than the average in Virginia and are 17% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Fair Oaks is 33% higher than the Virginia average.
  • The cost of living in Fair Oaks is 45% higher than the national average.
  • The cost of housing in Fair Oaks is 126% higher than the national average.
  • Virginia general sales tax is 4% higher than the national average.
  • Virginia state income tax is 10% lower than the national average.

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Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Fair Oaks, VA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Fair Oaks, VA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Fair Oaks, VA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Fair Oaks, VA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Fair Oaks, VA have a median income of $129,304. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,017 per month to avoid calamity and poverty. The renters in the city have an income of about $79,592, which would make their monthly maximum allowable rental costs $1,857.

Virginia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Virginia Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Fair Oaks, VA, it's important to take into account the sales tax for Virginia, as well as the rate for income tax in Virginia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Virginia is 6%, and the sales tax in the state of Virginia is 5.3%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Virginia starts from 2% and goes up to 5.75%.

Goods & Services

ItemFair OaksNational avg.Difference
Haircut $20.83$15.5633.8%
Beauty Salon $58.39$36.1161.7%
Toothpaste $2.89$2.4716.9%
Shampoo $0.88$0.968.5%
Movie $12.00$10.1318.5%
Bowling $5.45$4.7415.1%


ItemFair OaksNational avg.Difference
Ground Beef $3.72$3.986.6%
Fried Chicken $1.79$1.4127.2%
Milk $2.35$2.0613.7%
Potatoes $3.81$2.9827.9%
Pizza $9.79$9.473.3%
Beer $9.99$8.7913.6%

Health Care

ItemFair OaksNational avg.Difference
Optometrist $74.83$101.0425.9%
Doctor $96.39$107.4410.3%
Dentist $93.78$90.423.7%
Ibuprofen $8.92$9.283.8%
Lipitor $443.00$426.503.9%


ItemFair OaksNational avg.Difference
Home Price $420,200.00$175,700.00139.2%
Avg. Mortgage Payment $2,698.56$1,133.23138.1%
Apartment Rent $1,790.00$920.0094.6%


ItemFair OaksNational avg.Difference
Gasoline $2.20$1.9910.6%
Tire Balancing $46.05$45.760.6%


ItemFair OaksNational avg.Difference
All Electricity$141.47$163.8113.6%
Phone $27.32$28.393.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Woodlawn, VA2,08294-6%
Bull Run, VA14,57011616%
Manassas Park, VA14,99211818%
Yorkshire, VA8,09111818%
Sudley, VA16,22111919%
Fair Oaks, VA32,39214545%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Franklin Town, MA32,39314040%
North Olmsted, OH32,37498-2%
Westfield, IN32,42697-3%
Mount Vernon, WA32,35611313%
Petersburg, VA32,43989-11%
Fair Oaks, VA32,39214545%
Source: The Fair Oaks, VA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.