Cost of Living in Fairfield, IA
Housing
The housing market plays a significant role in determining the cost of living in Fairfield, IA.
- Housing Index: 85.3 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
In analyzing the housing market for Fairfield, IA, the housing index stands at 85.3, indicating a relatively affordable market in comparison to the national average. With a median home price of 150000, the prospect of home ownership appears viable. Average rents for a 2-bedroom apartment and house are 1200 and 1360, respectively, suggesting a moderate rental market. Considering affordability trends, this area can be appealing for families and young professionals looking for a balanced living environment without overstretching their finances.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairfield, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Fairfield, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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 Fairfield is a financially viable option for your relocation.