Cost of Living in Fairborn, OH

Housing

The housing market plays a significant role in determining the cost of living in Fairborn, OH.

• Housing Index: 90.0 / 100
• Median Home Price is: $196000
• Average Rent (2 BR Apartment): $1100 per month
• Average Rent (2 BR House): $1200 per month

Considering a move to Fairborn, OH? The current housing index stands at 90.0, indicating a balanced market. With a median home price of 196000, purchasing in the area can provide long-term equity. If renting is preferable, the average rent for a 2-bedroom apartment is 1100, while a 2-bedroom house averages at 1200. This pricing suggests a competitive rental landscape, ideal for individuals or families seeking affordable living options. It's worth noting that with ongoing economic factors, home values may change, influencing your overall financial strategy.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairborn, OH.

• Electricity Price: 15.92 USD (median by state)
• Natural Gas Price: $None USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Fairborn, OH could entail higher utility costs. Electricity costs sit at 15.92, while natural gas is priced at None per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $53783

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

• Click here for more information

Summary

When considering a move to Fairborn, OH, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.