Fairfield 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.
IndexFairfieldAlabamaNational
Cost of living index8689100
IndexFairfieldAlabamaNational
Goods & Services index9998100
Groceries index10298100
Health care index8185100
Housing index6273100
Transportation index8992100
Utilities index9399100
A general overview of the cost of living index for Fairfield, AL is displayed above. In Fairfield, AL, the overall cost of living index is 86, which is 4% lower than the Alabama average and 14% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Fairfield, AL, the city's goods and services are 1% higher than the Alabama average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Fairfield is 4% lower than the Alabama average.
  • The cost of living in Fairfield is 14% lower than the national average.
  • The cost of housing in Fairfield is 38% lower than the national average.
  • Alabama general sales tax is 21% lower than the national average.
  • Alabama state income tax is 10% lower than the national average.

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Compare Fairfield, AL Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Fairfield, AL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Fairfield, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Fairfield, AL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,828$3,736$1,046$1,345
Renters$22,218$1,852$518$667
If you want to find a good determining factor for the cost of living and the general affordability of housing in Fairfield, AL, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Fairfield, AL, the median monthly income is $44,828 for those who own their own homes. Under the standard rule, that income level would allow for $1,046 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $22,218, per the median income in the area. That would allow for renters to spend up to $518 on monthly rental expenses.

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%
When assessing the complete cost of living in Fairfield, AL, the Alabama income tax and the Alabama sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Alabama maximum surtax is 10%, and the Alabama sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2% to 5% in Alabama.

Goods & Services

ItemFairfieldNational avg.Difference
Haircut $14.50$14.590.6%
Beauty Salon $29.50$34.6814.9%
Toothpaste $2.49$2.470.7%
Shampoo $0.92$1.0210.0%
Movie $10.06$9.871.9%
Bowling $4.65$4.395.9%

Groceries

ItemFairfieldNational avg.Difference
Ground Beef $4.47$4.480.2%
Fried Chicken $1.34$1.468.5%
Milk $2.29$2.362.8%
Potatoes $4.38$3.0643.1%
Pizza $10.00$9.248.2%
Beer $7.93$8.638.1%

Health Care

ItemFairfieldNational avg.Difference
Optometrist $109.33$99.789.6%
Doctor $86.00$105.0318.1%
Dentist $65.67$88.7026.0%
Ibuprofen $7.69$9.4118.3%
Lipitor $247.00$298.5017.3%

Housing

ItemFairfieldNational avg.Difference
Home Price $94,900.00$175,700.0046.0%
Avg. Mortgage Payment $846.13$1,081.0321.7%
Apartment Rent $727.00$920.0021.0%

Transportation

ItemFairfieldNational avg.Difference
Gasoline $1.90$2.098.9%
Tire Balancing $37.90$45.2916.3%

Utilities

ItemFairfieldNational avg.Difference
All Electricity$166.92$170.802.3%
Phone $24.33$28.2613.9%
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.
Cardiff, AL2175-25%
Mount Olive, AL35876-24%
McDonald Chapel, AL51478-22%
Lipscomb, AL2,33180-20%
Mulga, AL95280-20%
Fairfield, AL11,03986-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gardnerville Ranchos, NV11,04012323%
Jerome, ID11,04685-15%
Brooklyn, OH11,04793-7%
Tomball, TX11,03092-8%
Ogdensburg, NY11,02993-7%
Fairfield, AL11,03986-14%
Source: The Fairfield, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.