Fair Oaks, CA

Very High · 155

California · Population 32,030 · Updated March 2026

$1,797
Median Rent / Month
$111,332
Median Income
$645,600
Median Home Value
$1,860
Owner Costs / Month

Affordability

How far your income goes in Fair Oaks

19.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in California

State-level tax rates that affect your costs

13.3%
Income Tax (Top Rate)
7.25%
Sales Tax
0.71%
Property Tax Rate

Estimated Annual Costs

$21,564
Annual Rent
$14,807
State Income Tax
$4,584
Property Tax (est.)

Cost of Living Overview

Fair Oaks has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 155 (where 100 equals the national median), Fair Oaks residents can expect to pay median rent of $1,797/month while earning a median household income of $111,332/year.

The median home value in Fair Oaks, CA is $645,600, with typical monthly owner costs around $1,860 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

California's top income tax rate of 13.3% is among the highest in the nation, adding to the overall cost burden. Combined with a 7.25% sales tax rate and 0.71% effective property tax rate, the overall tax environment is a factor in the total cost of living in Fair Oaks.

Frequently Asked Questions

Common questions about living costs in Fair Oaks

What is the cost of living in Fair Oaks, CA?
The cost of living index in Fair Oaks, CA is 155 (US average = 100). Median monthly rent is $1,797, median household income is $111,332/year, and the median home value is $645,600.
Is Fair Oaks, CA affordable?
No, Fair Oaks is more expensive than the national average with a cost index of 155. The rent-to-income ratio is 19.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fair Oaks, CA?
The median gross rent in Fair Oaks, CA is $1,797 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,564.
What is the median household income in Fair Oaks?
The median household income in Fair Oaks, CA is $111,332 per year. This compares to the national median of approximately $80,000.
What are the taxes like in California?
California has a top income tax rate of 13.3%, a sales tax of 7.25%, and an effective property tax rate of 0.71%.