Cost of Living in Fairwood CDP (Spokane County), WA

Population 10,439 · Washington · Data vintage 2023

122
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fairwood CDP (Spokane County) is a smaller Washington community of around 10000 residents, where median household incomes of $84,911 and housing costs ($435,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Fairwood CDP (Spokane County) sits roughly 7 miles north of Spokane — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 33% higher than Spokane's $326,000.

Cost Overview

Housing 143
Rent 91

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

About the Cost of Living in Fairwood CDP (Spokane County)

The median home value in Fairwood CDP (Spokane County) is $435,200 — 43% 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 $84,911/year is 14% higher than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. Washington charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 60.7°F and lows of 38.9°F. Overall, Fairwood CDP (Spokane County) has a cost of living index of 122 versus the US average of 100, meaning it is 22% more expensive.

🏠 Housing

Median Home Value
$435,200
43% above avg
Median Rent
$1,191/mo
9% below avg
Price-to-Rent Ratio
30.5x
Favors renting
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$963
1 BR
$1,018
2 BR
$1,317
3 BR
$1,845
4 BR
$2,071
Owner-occupied 70.0%
Renter-occupied 30.0%

💰 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
29.9 min
11% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
14.5%

Commute Mode

Drove alone
68.8%
Carpooled
7.9%
Public transit
3.1%
Walked
3.1%
Bicycle
0.5%
Work from home
14.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 9.2%
State rate 6.5%
Avg local rate 2.7%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$84,911
14% above avg
Per Capita Income
$43,627
Unemployment Rate
5.5%
13% above avg
Poverty Rate
8.4%
Labor Force Participation
51.6%

🎓 Education

Bachelor's degree+ 28.1%
Graduate degree 16.9%

👥 Demographics

Median Age 42.4
Male median age 38.2
Female median age 45.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.7°F
Avg Low
38.9°F
Annual Precip
17.4"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 384351607076878676604537
Low °F 262732374450565547383126
Precip" 2.001.321.821.501.701.480.670.540.681.462.012.18

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
70.4%
Good air days/yr
447
Max AQI recorded
232
PM2.5 days
127
Ozone days

Frequently Asked Questions

What is the cost of living in Fairwood CDP (Spokane County), WA?

Fairwood CDP (Spokane County) has a cost index of 122 (100 = national average). It is 22% above the national average.

What is average rent in Fairwood CDP (Spokane County), WA?

The median gross rent in Fairwood CDP (Spokane County) is $1,191 per month based on 2023 Census data.

What is the average home price in Fairwood CDP (Spokane County)?

The median home value in Fairwood CDP (Spokane County) is $435,200 according to 2023 Census ACS data.

What is the median income in Fairwood CDP (Spokane County)?

The median household income in Fairwood CDP (Spokane County) is $84,911 per year (2023 ACS 5-year estimates).

What is the sales tax in Fairwood CDP (Spokane County), WA?

The combined state and local sales tax rate in Fairwood CDP (Spokane County) is 9.2%. Washington has no state income tax.

Is Fairwood CDP (Spokane County), WA affordable?

Fairwood CDP (Spokane County) is above average in cost of living, with an index of 122 — about 22% higher than the national average.

What is the weather like in Fairwood CDP (Spokane County)?

Fairwood CDP (Spokane County) has average high temperatures of 60.7°F and average lows of 38.9°F. Annual precipitation is 17.4". Data from NOAA 1991–2020 Climate Normals.

Fairwood CDP (Spokane County) at a Glance

Population
10,439
Median Income
$84,911
Home Value
$435,200
Median Rent
$1,191/mo
Unemployment
5.5%
Avg High Temp
60.7°F
Sales Tax
9.2%
View all cities in Washington →
🗺️ County data for Washington

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs