Cost of Living in Fairview, AL

With a cost of living index of 72, Fairview, AL is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and in line with the Alabama state average. Fairview is a small community of 681 residents.

Housing costs are the biggest factor in Fairview's cost of living. The median monthly rent is $755 (43% below the US median of $1,319), and the median home value sits at $215,400 (29% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Fairview is $46,750, which is 38% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Fairview. The area sees an average annual temperature of 59.9°F, with summers averaging 77°F and winters around 43°F. Annual rainfall totals 58.7 inches spread over roughly 116 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.