Housing costs in Fairfax?
A typical home costs
$369,300, which is 9.2% more expensive than the national average of
$338,100 and 7.2% more expensive than the average Vermont home, at
$344,600. Renting a two-bedroom unit in Fairfax costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and 24.6% more than the state average of
$1,290.
Can I afford Fairfax?
To live comfortably in Fairfax (zip 05454), Vermont, a minimum annual income of
$70,920 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about Fairfax?
The cost of living in 05454 Fairfax, VT is quite reasonable. According to BestPlaces, the overall cost of living index for the area is 95.7, which is lower than the national average. The median home price for Fairfax is $200,400, and the median household income in Fairfax is $50,288. Taxes are slightly higher than other areas of Vermont as there is a 5% sales tax and an 8% income tax rate on wages earned above $37,450. Utilities are also slightly more expensive than other parts of Vermont as power costs about 18 cents per kWh due to the rural location of the area. Despite this, overall costs are still considered quite affordable for residents in 05454 Fairfax, VT.