Cost of Living in Fairfax, MN
Housing
The housing market plays a significant role in determining the cost of living in Fairfax, MN.
- Housing Index: Data is updating
- Median Home Price is: $182,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Fairfax, MN? The current housing indicators reveal a median home price of 182500, which is competitive compared to national averages. However, it's notable that the housing index, as well as rents for 2-bedroom apartments and houses, are currently marked at zero. This could suggest limited available listings or fluctuating market conditions. With increasing interest in suburb living and affordability, double-checking local amenities, jobs, and schools is essential before making your decision. Keep in mind, investing in homeownership could pay off as the market stabilizes.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairfax, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Fairfax, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fairfax is a financially viable option for your relocation.