Cost of Living in Fairview, TN

Population 9,751 · Tennessee · Data vintage 2023

106
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fairview is a smaller Tennessee community of around 10000 residents, where median household incomes of $88,333 and housing costs ($355,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.4% — below most comparable cities in the state.

Geographically, Fairview sits roughly 25 miles southwest of Nashville-Davidson. Housing prices track closely with Nashville-Davidson's $383,000 median.

Cost Overview

Housing 116
Rent 92

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

About the Cost of Living in Fairview

The median home value in Fairview is $354,900 — 16% above the national median of $305,000. Median rent runs $1,203/month, 8% lower than the national median of $1,314/month. The median household income of $88,333/year is 18% higher than the US median of $74,580. The local unemployment rate is 2.4%, 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 71.6°F and lows of 50.1°F, with about 4.7" of annual snowfall. Overall, Fairview has a cost of living index of 106 versus the US average of 100, meaning it is 6% more expensive.

🏠 Housing

Median Home Value
$354,900
16% above avg
Zillow Home Value
$545,400
Zillow ZHVI
Median Rent
$1,203/mo
8% below avg
Zillow Rent
$2,250/mo
Zillow ZORI
Price-to-Rent Ratio
24.6x
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 79.2%
Renter-occupied 20.8%

💰 Estimated Monthly Budget

Rent median rent
$1,203
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,817/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
39.6 min
47% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.3%

Commute Mode

Drove alone
74.1%
Carpooled
9.8%
Walked
0.7%
Work from home
15.3%

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
$88,333
18% above avg
Per Capita Income
$38,028
Unemployment Rate
2.4%
49% below avg
Poverty Rate
11.6%
Labor Force Participation
68.8%

🎓 Education

Bachelor's degree+ 24.2%
Graduate degree 12.8%

👥 Demographics

Median Age 33.1
Male median age 32.4
Female median age 35.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.6°F
Avg Low
50.1°F
Annual Precip
50.5"
Annual Snowfall
4.7"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495463738088919084746152
Low °F 303340495866716962503933
Precip" 4.024.474.524.725.024.364.163.793.803.363.864.43
Snow" 2.01.50.70.00.00.00.00.00.00.00.10.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
80.7%
Good air days/yr
122
Max AQI recorded
0
PM2.5 days
244
Ozone days

Frequently Asked Questions

What is the cost of living in Fairview, TN?

Fairview has a cost index of 106 (100 = national average). It is 6% above the national average.

What is average rent in Fairview, TN?

The median gross rent in Fairview is $1,203 per month based on 2023 Census data.

What is the average home price in Fairview?

The median home value in Fairview is $354,900 according to Zillow and Census data.

What is the median income in Fairview?

The median household income in Fairview is $88,333 per year (2023 ACS 5-year estimates).

What is the sales tax in Fairview, TN?

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

Is Fairview, TN affordable?

Fairview is near the national average in terms of cost of living, with an index of 106 (100 = US average).

What is the weather like in Fairview?

Fairview has average high temperatures of 71.6°F and average lows of 50.1°F. Annual precipitation is 50.5". Average annual snowfall is 4.7". Data from NOAA 1991–2020 Climate Normals.

Fairview at a Glance

Population
9,751
Median Income
$88,333
Home Value
$354,900
Median Rent
$1,203/mo
Unemployment
2.4%
Avg High Temp
71.6°F
Sales Tax
9.6%
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