Cost of Living in Fairview, TX

Population 10,570 · Texas · Data vintage 2023

164
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 $545,000. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.

Geographically, Fairview is part of the immediate Allen metro area. Median home values run roughly 27% higher than Allen's $430,000.

Cost Overview

Housing 179
Rent 143

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

About the Cost of Living in Fairview

The median home value in Fairview is $544,800 — 79% above the national median of $305,000. Median rent runs $1,875/month, 43% higher than the national median of $1,314/month. The median household income of $107,308/year is 44% higher than the US median of $74,580. The local unemployment rate is 2.6%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 75.9°F and lows of 54.1°F. Overall, Fairview has a cost of living index of 164 versus the US average of 100, meaning it is 64% more expensive.

🏠 Housing

Median Home Value
$544,800
79% above avg
Zillow Home Value
$659,321
Zillow ZHVI
Median Rent
$1,875/mo
43% above avg
Zillow Rent
$1,845/mo
Zillow ZORI
Price-to-Rent Ratio
24.2x
Favors renting
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 73.2%
Renter-occupied 26.8%

💰 Estimated Monthly Budget

Rent median rent
$1,875
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,489/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
31.9 min
18% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
33.4%

Commute Mode

Drove alone
62.5%
Carpooled
3.2%
Work from home
33.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$107,308
44% above avg
Per Capita Income
$65,033
Unemployment Rate
2.6%
46% below avg
Poverty Rate
15.7%
Labor Force Participation
43.4%

🎓 Education

Bachelor's degree+ 40.7%
Graduate degree 21.0%

👥 Demographics

Median Age 50.1
Male median age 50.2
Female median age 49.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
75.9°F
Avg Low
54.1°F
Annual Precip
38.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 566068758391959688786657
Low °F 343846536270747366544436
Precip" 2.702.573.513.584.773.581.961.732.814.413.193.49

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
73.3%
Good air days/yr
154
Max AQI recorded
0
PM2.5 days
356
Ozone days

Frequently Asked Questions

What is the cost of living in Fairview, TX?

Fairview has a cost index of 164 (100 = national average). It is 64% above the national average.

What is average rent in Fairview, TX?

The median gross rent in Fairview is $1,875 per month based on 2023 Census data.

What is the average home price in Fairview?

The median home value in Fairview is $544,800 according to Zillow and Census data.

What is the median income in Fairview?

The median household income in Fairview is $107,308 per year (2023 ACS 5-year estimates).

What is the sales tax in Fairview, TX?

The combined state and local sales tax rate in Fairview is 8.2%. Texas has no state income tax.

Is Fairview, TX affordable?

Fairview is above average in cost of living, with an index of 164 — about 64% higher than the national average.

What is the weather like in Fairview?

Fairview has average high temperatures of 75.9°F and average lows of 54.1°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.

Fairview at a Glance

Population
10,570
Median Income
$107,308
Home Value
$544,800
Median Rent
$1,875/mo
Unemployment
2.6%
Avg High Temp
75.9°F
Sales Tax
8.2%
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Explore county-level cost of living data

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