Cost of Living in Fairhaven, CA

With a cost of living index of 122, Fairhaven, CA is a notably expensive place to live. Living here is 22% more expensive than the national average and 22% below the California state average of 144. Fairhaven is a small community of 314 residents.

Housing costs are the biggest factor in Fairhaven's cost of living. The median monthly rent is $1,606 (22% above the US median of $1,319), and the median home value sits at $421,900 (38% above the national median of $304,900). At current prices, the median home costs roughly 5.3x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Fairhaven is $79,453, which is 6% higher than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Fairhaven. The area sees an average annual temperature of 52.6°F, with summers averaging 57°F and winters around 48°F. Annual rainfall totals 40.4 inches spread over roughly 128 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.