Salary & Cost of Living in Fairfield, OH
Fairfield, OH: $43,841 median salary, cost of living index 88.8, $10.45/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$43,841
$21/hr
Cost of Living
88.8
US avg = 100
Minimum Wage
$10.45
per hour
Unemployment
4.1%
rate
Fairfield, OH Overview
Population
42,510
Median Salary
$43,841
Average Salary
$49,102
Avg Commute
16 min
Median Home Price
$179,000
Median Rent
$737/mo
Job Growth
+0.7%
Sales Tax
5.75%
Fairfield is located in Ohio with a population of 42,510. The median household salary is $43,841 per year ($21/hour), which is $15,543 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +0.7%.
Fairfield Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Fairfield, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$35,323
$2,943.55/month · $1,358.56/biweekly · Effective Rate: 19.4%
Gross Pay
$43,841
Federal Tax
-$3,222
State Tax
-$1,534
Local Tax
-$408
FICA
-$3,354
Net Pay
$35,323
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,653.42 | $43,841.00 |
| Federal Income Tax | -$268.54 | -$3,222.42 |
| Ohio State Tax (3.5%) | -$127.87 | -$1,534.44 |
| Local Tax (0.93%) | -$33.98 | -$407.72 |
| Social Security (6.2%) | -$226.51 | -$2,718.14 |
| Medicare (1.45%) | -$52.97 | -$635.69 |
| Net Take-Home Pay | $2,943.55 | $35,322.59 |
Salary Comparison: Fairfield vs Other Cities
See how Fairfield's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Fairfield, OH | $43,841 | 88.8 | $49,370 |
| National Average | $59,384 | 100 | $59,384 |
| Brunswick, OH | $43,829 | 85.8 | $51,083 |
| East Chicago, IN | $43,819 | 80.7 | $54,299 |
| West Lafayette, IN | $43,767 | 89.3 | $49,011 |
| Florence, KY | $43,996 | 84 | $52,376 |
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 Fairfield
Fairfield's cost of living index is 88.8 (national average = 100). Living in Fairfield is 11.200000000000003% less expensive than the national average.
Median Home Price
$179,000
Median Monthly Rent
$737
Annual Rent Cost
$8,844
Your Salary's Purchasing Power
Your $35,323 annual take-home pay in Fairfield has the purchasing power of approximately $39,778 in an average-cost US area. Your $43,841 salary stretches further here than in most US cities.
Top Industries in Fairfield
Fairfield's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $43,841.
Salary Tips for Fairfield Workers
- Your salary goes further here. Fairfield has a cost of living 11.200000000000003% below the national average. A salary of $43,841 here has the purchasing power of about $49,370 in an average-cost area.
- Research top industries. Fairfield's top industries include Manufacturing, Healthcare, Finance. Targeting roles in these sectors can help you earn above the $43,841 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 Fairfield, OH?
The median salary in Fairfield, OH is $43,841 per year, or $21 per hour. The average salary is $49,102. This is $15,543 below the national median of $59,384.
What is the cost of living in Fairfield, OH?
Fairfield's cost of living index is 88.8 (national average = 100), meaning it is 11.200000000000003% less expensive compared to the national average. The median home price is $179,000 and the median monthly rent is $737.
What are the best industries in Fairfield?
The top industries in Fairfield, OH include Manufacturing, Healthcare, Finance. The city has a job growth rate of 0.7% and an unemployment rate of 4.1%. Workers in these industries often earn above the city's median salary of $43,841.
How does Fairfield's salary compare to other cities?
Fairfield's median salary of $43,841 is 26.2% below the national median of $59,384. However, when adjusted for cost of living (index: 88.8), the real purchasing power is approximately $49,370.
What is the minimum wage in Fairfield, OH?
The minimum wage in Fairfield, 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.