Cost of Living in Fairview, NC

Population 3,549 · North Carolina · Data vintage 2023

104
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Fairview a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $350,000. The labor market has been unusually tight, with unemployment around 2.4% — below most comparable cities in the state.

Located 15 miles southeast of Concord, Fairview falls within that metro's commuting orbit. Housing prices track closely with Concord's $328,000 median.

Cost Overview

Housing 115
Rent 88

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fairview

The median home value in Fairview is $349,700 — 15% above the national median of $305,000. Median rent runs $1,156/month, 12% lower than the national median of $1,314/month. The median household income of $89,417/year is 20% higher than the US median of $74,580. The local unemployment rate is 2.4%, below the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 72.3°F and lows of 50.2°F. Overall, Fairview has a cost of living index of 104 versus the US average of 100, meaning it is 4% more expensive.

🏠 Housing

Median Home Value
$349,700
15% above avg
Zillow Home Value
$512,227
Zillow ZHVI
Median Rent
$1,156/mo
12% below avg
Price-to-Rent Ratio
25.2x
Favors renting
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 89.5%
Renter-occupied 10.5%

💰 Estimated Monthly Budget

Rent median rent
$1,156
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,770/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.0 min
7% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.0%

Commute Mode

Drove alone
80.4%
Carpooled
8.8%
Work from home
4.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$89,417
20% above avg
Per Capita Income
$46,142
Unemployment Rate
2.4%
51% below avg
Poverty Rate
2.8%
Labor Force Participation
58.1%

🎓 Education

Bachelor's degree+ 26.0%
Graduate degree 4.2%

👥 Demographics

Median Age 42.9
Male median age 49.9
Female median age 37.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.3°F
Avg Low
50.2°F
Annual Precip
37.9"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 535764738087918983736355
Low °F 323541495765696862504034
Precip" 3.002.773.192.902.893.733.633.793.182.972.912.96

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
82%
Good air days/yr
101
Max AQI recorded
0
PM2.5 days
245
Ozone days

Frequently Asked Questions

What is the cost of living in Fairview, NC?

Fairview has a cost index of 104 (100 = national average). It is 4% above the national average.

What is average rent in Fairview, NC?

The median gross rent in Fairview is $1,156 per month based on 2023 Census data.

What is the average home price in Fairview?

The median home value in Fairview is $349,700 according to Zillow and Census data.

What is the median income in Fairview?

The median household income in Fairview is $89,417 per year (2023 ACS 5-year estimates).

What is the sales tax in Fairview, NC?

The combined state and local sales tax rate in Fairview is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Fairview, NC affordable?

Fairview is near the national average in terms of cost of living, with an index of 104 (100 = US average).

What is the weather like in Fairview?

Fairview has average high temperatures of 72.3°F and average lows of 50.2°F. Annual precipitation is 37.9". Data from NOAA 1991–2020 Climate Normals.

Fairview at a Glance

Population
3,549
Median Income
$89,417
Home Value
$349,700
Median Rent
$1,156/mo
Unemployment
2.4%
Avg High Temp
72.3°F
Sales Tax
7.0%
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🗺️ County data for North Carolina

Explore county-level cost of living data

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