Salary & Cost of Living in Fairborn, OH
Fairborn, OH: $43,147 median salary, cost of living index 88.5, $10.45/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$43,147
$21/hr
Cost of Living
88.5
US avg = 100
Minimum Wage
$10.45
per hour
Unemployment
4.3%
rate
Fairborn, OH Overview
Population
34,135
Median Salary
$43,147
Average Salary
$48,325
Avg Commute
18 min
Median Home Price
$174,000
Median Rent
$713/mo
Job Growth
+0.9%
Sales Tax
5.75%
Fairborn is located in Ohio with a population of 34,135. The median household salary is $43,147 per year ($21/hour), which is $16,237 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +0.9%.
Fairborn Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Fairborn, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$34,597
$2,883.10/month · $1,330.66/biweekly · Effective Rate: 19.8%
Gross Pay
$43,147
Federal Tax
-$3,139
State Tax
-$1,510
Local Tax
-$600
FICA
-$3,301
Net Pay
$34,597
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,595.58 | $43,147.00 |
| Federal Income Tax | -$261.59 | -$3,139.14 |
| Ohio State Tax (3.5%) | -$125.85 | -$1,510.15 |
| Local Tax (1.39%) | -$49.98 | -$599.74 |
| Social Security (6.2%) | -$222.93 | -$2,675.11 |
| Medicare (1.45%) | -$52.14 | -$625.63 |
| Net Take-Home Pay | $2,883.10 | $34,597.23 |
Salary Comparison: Fairborn vs Other Cities
See how Fairborn's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Fairborn, OH | $43,147 | 88.5 | $48,754 |
| National Average | $59,384 | 100 | $59,384 |
| Marrero, LA | $43,145 | 89.5 | $48,207 |
| Marion, OH | $43,150 | 84.8 | $50,884 |
| Morristown, TN | $43,141 | 83.6 | $51,604 |
| Aventura, FL | $43,156 | 99.7 | $43,286 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Fairborn
Fairborn's cost of living index is 88.5 (national average = 100). Living in Fairborn is 11.5% less expensive than the national average.
Median Home Price
$174,000
Median Monthly Rent
$713
Annual Rent Cost
$8,556
Your Salary's Purchasing Power
Your $34,597 annual take-home pay in Fairborn has the purchasing power of approximately $39,093 in an average-cost US area. Your $43,147 salary stretches further here than in most US cities.
Top Industries in Fairborn
Fairborn's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $43,147.
Salary Tips for Fairborn Workers
- Your salary goes further here. Fairborn has a cost of living 11.5% below the national average. A salary of $43,147 here has the purchasing power of about $48,754 in an average-cost area.
- Research top industries. Fairborn's top industries include Manufacturing, Healthcare, Finance. Targeting roles in these sectors can help you earn above the $43,147 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Fairborn, OH?
The median salary in Fairborn, OH is $43,147 per year, or $21 per hour. The average salary is $48,325. This is $16,237 below the national median of $59,384.
What is the cost of living in Fairborn, OH?
Fairborn's cost of living index is 88.5 (national average = 100), meaning it is 11.5% less expensive compared to the national average. The median home price is $174,000 and the median monthly rent is $713.
What are the best industries in Fairborn?
The top industries in Fairborn, OH include Manufacturing, Healthcare, Finance. The city has a job growth rate of 0.9% and an unemployment rate of 4.3%. Workers in these industries often earn above the city's median salary of $43,147.
How does Fairborn's salary compare to other cities?
Fairborn's median salary of $43,147 is 27.3% below the national median of $59,384. However, when adjusted for cost of living (index: 88.5), the real purchasing power is approximately $48,754.
What is the minimum wage in Fairborn, OH?
The minimum wage in Fairborn, OH is $10.45 per hour. This equals approximately $21,736 per year for a full-time worker (40 hours/week). This is $3.20 above the federal minimum wage of $7.25/hour.