Cost of Living in Fair Lakes, VA

Get crime, demographics and other data for any address in Fair Lakes, VA
F
53%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
159%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Fair Lakes Virginia National
Cost of living153109100
Goods & Services108100100
Groceries114101100
Health care11299100
Housing259130100
Transportation10095100
Utilities101104100
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Cost Of Living Quick Facts

  • The cost of living in Fair Lakes is 40% higher than the Virginia average
  • The cost of living in Fair Lakes is 53% higher than the national average
  • Fair Lakes housing is 159% higher than the national average
  • Virginia general sales tax is 4% higher than the national average
  • Virginia state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Fair Lakes

30 km
20 mi
+−
Fair Lakes Your current location Population: 8,398 F Wakefield town City: 8.1mi / 13.1km away Population: 810 A Bull Run City: 8.7mi / 14.0km away Population: 16,769 D Yorkshire City: 5.5mi / 8.9km away Population: 9,118 F Sudley City: 7.5mi / 12.0km away Population: 18,019 F Manassas Park City: 6.6mi / 10.7km away Population: 17,548 F Loch Lomond City: 7.1mi / 11.4km away Population: 4,325 F Manassas City: 8.9mi / 14.4km away Population: 41,038 F Oak Grove City: 9.1mi / 14.7km away Population: 2,863 F Dulles Town Center City: 7.8mi / 12.5km away Population: 5,362 F Buckhall City: 9.1mi / 14.6km away Population: 18,116 F Centreville City: 2.8mi / 4.5km away Population: 74,230 F Herndon City: 8.1mi / 13.0km away Population: 24,577 F Arcola City: 9.6mi / 15.5km away Population: 1,761 F Chantilly City: 3.8mi / 6.1km away Population: 23,820 F McNair City: 10.7mi / 17.3km away Population: 20,776 F South Riding City: 7.8mi / 12.6km away Population: 32,526 F Stone Ridge City: 10.6mi / 17.0km away Population: 15,034 F Burke City: 8.6mi / 13.8km away Population: 44,077 F Crosspointe City: 11.2mi / 17.9km away Population: 5,068 F Dunn Loring City: 9.1mi / 14.6km away Population: 9,217 F Fairfax City: 4.9mi / 7.8km away Population: 23,312 F Floris City: 5.4mi / 8.7km away Population: 7,752 F Franklin Farm City: 3.9mi / 6.3km away Population: 18,845 F George Mason City: 4.9mi / 7.9km away Population: 9,948 F Greenbriar City: 1.4mi / 2.2km away Population: 7,976 F
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Compare Fair Lakes, VA Cost of Living

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      The best places in Virginia

      Here are the best places to live in VirginiaCheck out the 10 safest cities in VirginiaSee the best places to live in Fair LakesSafest States In The US

      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$131,500$10,958$3,068$3,945
          Renters$92,572$7,714$2,160$2,777
          The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Fair Lakes, VA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Fair Lakes, homeowners have a median income of $131,500. Using that number, a maximum of $3,068 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $92,572, which means there is a maximum of $2,160 to be spent on the costs of renting a home or apartment.

          Virginia Sales Tax

          State General Sales Tax With Max Surtax
          Virginia 5.3% 6%

          Virginia Income Tax

          State Income Tax (Low) Income Tax (High)
          Virginia 2% 5.75%

          Goods & Services

          Item Fair Lakes National avg. Difference
          Haircut $18.62$24.2623.3%
          Beauty Salon $35.20$45.5622.7%
          Toothpaste $3.73$3.700.7%
          Shampoo $1.22$1.285.0%
          Movie $11.20$12.137.7%
          Bowling $19.22$18.006.8%

          Groceries

          Item Fair Lakes National avg. Difference
          Ground Beef $5.49$5.846.0%
          Fried Chicken $1.37$1.5713.0%
          Milk $4.73$4.671.3%
          Potatoes $4.76$4.933.5%
          Pizza $12.47$12.093.2%
          Beer $10.83$10.414.1%

          Health Care

          Item Fair Lakes National avg. Difference
          Optometrist $109.25$125.6813.1%
          Doctor $94.10$135.7830.7%
          Dentist $109.57$113.293.3%
          Ibuprofen $10.51$10.651.3%
          Lipitor $487.97$468.604.1%

          Housing

          Item Fair Lakes National avg. Difference
          Home Price $519,300.00$184,700.00181.2%
          Avg. Mortgage Payment $1,870.08$2,346.6920.3%
          Apartment Rent $1,976.00$949.00108.2%

          Transportation

          Item Fair Lakes National avg. Difference
          Gasoline $3.29$3.464.9%
          Tire Balancing $62.25$59.923.9%

          Utilities

          Item Fair Lakes National avg. Difference
          All Electricity $248.70$193.9928.2%
          Phone $185.37$192.253.6%
          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 Population Cost of Living Index National Avg.
          Catlett, VA541077.0%
          Woodlawn CDP (Carroll County), VA2,247945.9%
          Wakefield town, VA810954.6%
          Marumsco, VA38,81511615.8%
          Woodlawn, VA22,62012020.5%
          Fair Lakes, VA8,39815352.7%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Kalifornsky, AK8,39512323.0%
          Harwood Heights, IL8,39311414.1%
          Beaver Falls, PA8,3938514.8%
          Kennedale, TX8,3931087.9%
          Salem, UT8,40312322.8%
          Fair Lakes, VA8,39815352.7%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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