Cost of Living in Fairfield Glade, TN

Population 9,149 · Tennessee · Data vintage 2023

99
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Fairfield Glade is 70 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.

Geographically, Fairfield Glade is about 50 miles west of Knoxville, the nearest large metro. Median home values run roughly 50% higher than Knoxville's $214,000.

Cost Overview

Housing 105
Rent 91

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

About the Cost of Living in Fairfield Glade

The median home value in Fairfield Glade is $321,300 — 5% above the national median of $305,000. Median rent runs $1,191/month, 9% lower than the national median of $1,314/month. The median household income of $73,569/year is 1% lower than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 65.3°F and lows of 45.4°F. Overall, Fairfield Glade has a cost of living index of 99 versus the US average of 100, meaning it is 1% less expensive.

🏠 Housing

Median Home Value
$321,300
5% above avg
Median Rent
$1,191/mo
9% below avg
Price-to-Rent Ratio
22.5x
Favors renting
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$731
1 BR
$809
2 BR
$948
3 BR
$1,265
4 BR
$1,510
Owner-occupied 90.6%
Renter-occupied 9.4%

💰 Estimated Monthly Budget

Rent median rent
$1,191
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,805/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
19.6 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
21.3%

Commute Mode

Drove alone
71.8%
Carpooled
5.7%
Walked
1.2%
Work from home
21.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.6%
State rate 7.0%
Avg local rate 2.5%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$73,569
1% below avg
Per Capita Income
$42,257
Unemployment Rate
2.5%
48% below avg
Poverty Rate
7.9%
Labor Force Participation
19.7%

🎓 Education

Bachelor's degree+ 17.5%
Graduate degree 13.9%

👥 Demographics

Median Age 70
Male median age 70.3
Female median age 69.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
65.3°F
Avg Low
45.4°F
Annual Precip
57.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 444856667480838377685647
Low °F 263036445360646357453630
Precip" 4.955.135.445.475.184.935.463.614.143.144.745.34

Frequently Asked Questions

What is the cost of living in Fairfield Glade, TN?

Fairfield Glade has a cost index of 99 (100 = national average). It is 1% below the national average.

What is average rent in Fairfield Glade, TN?

The median gross rent in Fairfield Glade is $1,191 per month based on 2023 Census data.

What is the average home price in Fairfield Glade?

The median home value in Fairfield Glade is $321,300 according to 2023 Census ACS data.

What is the median income in Fairfield Glade?

The median household income in Fairfield Glade is $73,569 per year (2023 ACS 5-year estimates).

What is the sales tax in Fairfield Glade, TN?

The combined state and local sales tax rate in Fairfield Glade is 9.6%. Tennessee has no state income tax.

Is Fairfield Glade, TN affordable?

Fairfield Glade is near the national average in terms of cost of living, with an index of 99 (100 = US average).

What is the weather like in Fairfield Glade?

Fairfield Glade has average high temperatures of 65.3°F and average lows of 45.4°F. Annual precipitation is 57.5". Data from NOAA 1991–2020 Climate Normals.

Fairfield Glade at a Glance

Population
9,149
Median Income
$73,569
Home Value
$321,300
Median Rent
$1,191/mo
Unemployment
2.5%
Avg High Temp
65.3°F
Sales Tax
9.6%
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