Housing costs in Fairfax?
A typical home costs
$375,300, which is 11.0% more expensive than the national average of
$338,100 and 8.9% more expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Fairfax costs
$1,640 per month, which is 14.7% more than the national average of
$1,430 and 21.3% more than the state average of
$1,290.
Can I afford Fairfax?
To live comfortably in Fairfax, Vermont, a minimum annual income of
$72,000 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Fairfax?
The cost of living in Fairfax, VT is slightly higher than the national average due to its rural location and relative economic isolation. The median home cost in the area is around $230,000 which is about 20 percent higher than the national average. Basic necessities like groceries, utilities, and transportation are all on-par with most other areas of the country. However, overall prices tend to be a bit more expensive than some other locations due to the lack of competition for goods and services. Despite this, Fairfax remains an affordable place to live with plenty of activities and amenities available for residents.