Fairmont, NC vs Rich Square, NC

Fairmont, NC and Rich Square, NC have a very similar cost of living, with only a 4.4% difference in their overall index. Fairmont scores 60 while Rich Square scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Fairmont is $662/month compared to $781/month in Rich Square — a 15% difference. Interestingly, home values tell a different story: while Fairmont has cheaper rent, Rich Square actually has lower median home values ($78,300 vs $88,500).

Median household income in Fairmont is $36,493 compared to $38,621 in Rich Square (-5.5%). While Rich Square is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairmont spend roughly 21.8% of their income on rent, less than the 24.3% in Rich Square.