Cost of Living in Fairfield, OK

With a cost of living index of 53, Fairfield, OK is one of the most affordable cities in the country. Living here is 47% cheaper than the national average and 18% below the Oklahoma state average of 71. Fairfield is a small community of 646 residents.

Housing costs are the biggest factor in Fairfield's cost of living. The median monthly rent is $443 (66% below the US median of $1,319), and the median home value sits at $106,500 (65% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in Fairfield is $85,625, which is 14% higher than the national median of $75,149. Residents spend roughly 6% 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.