Cost of Living in Fair Oaks, VA
Population: 35,472 • 2026 Data
$119,387
Median Household Income
+54% vs national
$2,242
Median Monthly Rent
+66% vs national
$580,500
Median Home Value
+71% vs national
5.4%
Unemployment Rate
Housing in Fair Oaks
The median home value in Fair Oaks, VA is $580,500. Monthly rent for a typical unit averages $2,242, while total monthly housing costs (including utilities and insurance) average $2,304.
Rent-to-income ratio: 22.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Fair Oaks, VA is $119,387. The unemployment rate stands at 5.4%, with a labor force of 22,985 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.