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.
IndexFairfieldIowaNational
Cost of living index8288100
IndexFairfieldIowaNational
Goods & Services index9093100
Groceries index9595100
Health care index9496100
Housing index5673100
Transportation index9197100
Utilities index10299100
The above illustration supplies generalized information for the Fairfield, IA cost of living index. Compared to other cities in Iowa and cities across the country, the cost of living index in Fairfield, IA is 82, which is 8% lower than the Iowa average and 18% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Fairfield, IA are 3% lower than the average for Iowa and 10% lower than the rest of the country.

Did you know?

  • The cost of living in Fairfield is 8% lower than the Iowa average.
  • The cost of living in Fairfield is 18% lower than the national average.
  • The cost of housing in Fairfield is 44% lower than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Compare Fairfield, IA Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Fairfield, IA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Fairfield, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fairfield, IA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,625$4,635$1,298$1,669
Renters$23,018$1,918$537$691
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Fairfield, IA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Fairfield, IA has a median income of about $55,625 for people who own homes. Based on that number, a person should spend a maximum of $1,298 on expenses related to housing. Renters have a slightly different median income, which is $23,018. Based on this average, renters should spend no more than $537 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%
When you are determining the total cost of living in Fairfield, IA you will want to make sure you consider both the Iowa sales tax and the Iowa income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Iowa is 6%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Iowa have a range from 0.36% to 8.98%.

Goods & Services

ItemFairfieldNational avg.Difference
Haircut $10.00$14.5931.5%
Beauty Salon $26.00$34.6825.0%
Toothpaste $1.96$2.4720.8%
Shampoo $0.88$1.0213.9%
Movie $8.25$9.8716.4%
Bowling $4.00$4.398.9%

Groceries

ItemFairfieldNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.44$1.461.6%
Milk $2.32$2.361.6%
Potatoes $2.01$3.0634.3%
Pizza $9.00$9.242.6%
Beer $7.78$8.639.9%

Health Care

ItemFairfieldNational avg.Difference
Optometrist $78.00$99.7821.8%
Doctor $121.00$105.0315.2%
Dentist $69.00$88.7022.2%
Ibuprofen $9.32$9.411.0%
Lipitor $286.58$298.504.0%

Housing

ItemFairfieldNational avg.Difference
Home Price $85,700.00$175,700.0051.2%
Avg. Mortgage Payment $891.84$1,081.0317.5%
Apartment Rent $662.00$920.0028.0%

Transportation

ItemFairfieldNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $37.47$45.2917.3%

Utilities

ItemFairfieldNational avg.Difference
All Electricity$185.34$170.808.5%
Phone $26.03$28.267.9%
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.
Leando, IA2893-7%
Ollie, IA20773-27%
Coppock, IA6274-26%
Stockport, IA28775-25%
Pleasant Plain, IA5575-25%
Fairfield, IA9,61582-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sparta, WI9,61086-14%
Bluffton, IN9,62182-18%
Inwood, NY9,60915656%
Rainbow City, AL9,62389-11%
Brentwood, PA9,62590-10%
Fairfield, IA9,61582-18%
Source: The Fairfield, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.