Cost of Living in Fairfax, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.4
100 = national avg
-26.6 vs national average
Living Wage (1 Adult)
$32,313
per year
Living Wage (Family of 4)
$76,377
per year
Cost Index by Category
Housing49.7
Food91.1
Transportation82.2
Healthcare92.9
Utilities84.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$781
per month
2 Bedroom
$973
per month
The overall cost of living index in Fairfax is 73.4, which is 26.6% below the national average. Housing costs are below the national average at an index of 49.7. A single adult needs to earn approximately $32,313 per year to cover basic expenses.