Fair Oaks, VA is an affluent area just outside of the Washington, DC metropolitan area. It offers a number of desirable amenities like high quality housing, affordable rental options, and top-tier grocery stores. Average two-bedroom rent in Fair Oaks is around $2,220 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Fair Oaks is 113 compared to the US index of 100. Local companies include Amazon Data Services and NEXTera Energy with a variety of transportation options including I-66 and Fairfax Connector buses for easy access in and out of the city. There are several renowned schools located nearby such as Oakton High School and Robinson Secondary School offering a great educational environment for children.
Fair Oaks has an unemployment rate of 4.6%. The US average is 6.0%.
Fair Oaks has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Fair Oaks
- The Sales Tax Rate for Fair Oaks is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fair Oaks is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fair Oaks
- The average income of a Fair Oaks resident is $51,059 a year. The US average is $28,555 a year.
- The Median household income of a Fair Oaks resident is $111,329 a year. The US average is $69,021 a year.