Cost of Living in Fairfax, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
152.9
100 = national avg
+52.9 vs national average
Living Wage (1 Adult)
$67,295
per year
Living Wage (Family of 4)
$159,060
per year
Cost Index by Category
Housing141.7
Food142.1
Transportation184.3
Healthcare133.7
Utilities133.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$816
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Fairfax is 152.9, which is 52.9% above the national average. Housing costs are above the national average at an index of 141.7. A single adult needs to earn approximately $67,295 per year to cover basic expenses.