Cost of Living in Fairfield, ID

With a cost of living index of 80, Fairfield, ID is a very affordable place to live. Living here is 20% cheaper than the national average and 7% below the Idaho state average of 87. Fairfield is a small community of 519 residents.

Housing costs are the biggest factor in Fairfield's cost of living. The median monthly rent is $1,050 (20% below the US median of $1,319), and the median home value sits at $195,200 (36% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Fairfield is $77,917, which is 4% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.