Cost of Living in Fairfax, VT
Population 5,138 · Vermont · Data vintage 2023
(100 = US avg)
Fairfax is a smaller Vermont community of around 5000 residents, where median household incomes of $119,063 and housing costs ($365,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.9% points to a labor market well on the tight side of the national distribution.
Located 140 miles northwest of Manchester, Fairfax is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 9% higher than Manchester's $336,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Fairfax
The median home value in Fairfax is $365,100 — 20% above the national median of $305,000. Median rent runs $1,025/month, 22% lower than the national median of $1,314/month. The median household income of $119,063/year is 60% higher than the US median of $74,580. The local unemployment rate is 1.9%, below the national average of 4.8%. Vermont's top state income tax rate is 8.8% and the combined sales tax is 6.2%. The climate averages highs of 55.3°F and lows of 35.2°F. Overall, Fairfax has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.
Fairfax has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 28 | 31 | 40 | 54 | 68 | 75 | 81 | 79 | 71 | 58 | 46 | 34 |
| Low °F | 10 | 11 | 21 | 33 | 44 | 53 | 59 | 57 | 49 | 38 | 29 | 19 |
| Precip" | 1.41 | 1.22 | 1.33 | 2.55 | 2.88 | 4.07 | 3.61 | 3.58 | 3.11 | 3.04 | 2.33 | 1.76 |
Frequently Asked Questions
What is the cost of living in Fairfax, VT?
Fairfax has a cost index of 103 (100 = national average). It is 3% above the national average.
What is average rent in Fairfax, VT?
The median gross rent in Fairfax is $1,025 per month based on 2023 Census data.
What is the average home price in Fairfax?
The median home value in Fairfax is $365,100 according to 2023 Census ACS data.
What is the median income in Fairfax?
The median household income in Fairfax is $119,063 per year (2023 ACS 5-year estimates).
What is the sales tax in Fairfax, VT?
The combined state and local sales tax rate in Fairfax is 6.2%. The Vermont state income tax top rate is 8.8%.
Is Fairfax, VT affordable?
Fairfax is near the national average in terms of cost of living, with an index of 103 (100 = US average).
What is the weather like in Fairfax?
Fairfax has average high temperatures of 55.3°F and average lows of 35.2°F. Annual precipitation is 30.9". Data from NOAA 1991–2020 Climate Normals.
Fairfax at a Glance
- Population
- 5,138
- Median Income
- $119,063
- Home Value
- $365,100
- Median Rent
- $1,025/mo
- Unemployment
- 1.9%
- Avg High Temp
- 55.3°F
- Sales Tax
- 6.2%
Nearby Cities
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Vermont Rankings
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