Housing costs in Fair Lakes?
A typical home costs
$552,200, which is 63.3% more expensive than the national average of
$338,100 and 60.9% more expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Fair Lakes costs
$2,210 per month, which is 54.5% more than the national average of
$1,430 and 36.7% more than the state average of
$1,400.
Can I afford Fair Lakes?
To live comfortably in Fair Lakes, Virginia, a minimum annual income of
$105,840 for a family, and
$78,000 for a single person is recommended.
What does A.I. say about Fair Lakes?
The cost of living in Fair Lakes, VA is relatively moderate compared to the surrounding areas in Northern Virginia. According to BestPlaces, a cost of living index in the area stands at 95.1, which is slightly lower than the US average of 100. The median home price hovers around $358,000, and while housing costs are higher than other parts of the state, overall prices for goods and services are still quite reasonable. Additionally, Fair Lakes’ unemployment rate remains significantly lower than the national average, which helps to drive down overall costs.