Median Income
$123,387
household / year
Median Home Value
$564,600
owner-occupied
Median Rent
$2,189
gross / month
Cost of Living
109
national avg = 100

Is Fair Lakes, VA a Good Place to Live?

Fair Lakes is a small town of 8,918 in Virginia, with a median household income of $123,387 and a 2.7% unemployment rate. Its cost of living index is 109 (US average = 100), which is 9% above the national average.

Strengths: Fair Lakes stands out for a well-educated population.

Trade-offs: Potential downsides include high home prices, longer commutes. Whether Fair Lakes is right for you depends on your priorities — the full breakdown is below.

All Fair Lakes city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 108.6

Fair Lakes's overall cost of living index is 108.6, where 100 represents the US national average. Living in Fair Lakes costs roughly 9% more than the average American city.

Metric Fair Lakes, VA National Avg
Median Home Value $564,600 $244,900
Median Monthly Rent $2,189 $1,163
Homeownership Rate 59.4% 65.9%
Median Household Income $123,387 $74,755

Crime & Safety

Very Safe

Fair Lakes's violent crime rate is 113.0 per 100,000 residents — 70% lower than the national average of ~380 per 100,000.

Violent Crime
113.0 /100k
Property Crime
1530.7 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Fair Lakes, VA National Avg
School District N/A —
Elementary Schools N/A —
Middle Schools N/A —
High Schools N/A —
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 67.4% 35.4%
High School Diploma or Higher 94.4% 91.1%

Weather & Climate

Fair Lakes sees average highs of 42.3°F in January and 83.8°F in July, with 46.1 inches of annual precipitation and 18.5 inches of snow per year.

MetricFair Lakes, VA
Average High — January42.3°F
Average High — July83.8°F
Annual Precipitation46.1"
Annual Snowfall18.5"

Demographics

MetricFair Lakes, VANational Avg
Population8,918—
Median Age38.238.9
Unemployment Rate2.7%3.7%
Avg Commute Time34.0 min26 min
White (non-Hispanic)43.2%59.3%
Black or African American8.3%13.6%
Hispanic or Latino4.6%18.9%
Asian38.9%6.3%
Under 1818.2%22.2%
65 and over11.4%16.8%

Nearby Cities

Greenbriar, VA 1 mi Fair Oaks, VA 2 mi Braddock, VA 2 mi Navy, VA 2 mi Centreville, VA 3 mi

Fair Lakes vs Other Cities

Fair Lakes, VA vs Greenbriar, VA Fair Lakes, VA vs Fair Oaks, VA Fair Lakes, VA vs Braddock, VA Fair Lakes, VA vs Navy, VA Fair Lakes, VA vs Centreville, VA

Frequently Asked Questions

Fair Lakes's cost of living index is 109, where 100 is the national average. That puts Fair Lakes roughly 9% above the national average in cost. The median home price is $564,600 and median rent is $2,189/month.
Fair Lakes's violent crime rate is 113.0 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1530.7 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Fair Lakes, VA has a population of 8,918, a median household income of $123,387, and an unemployment rate of 2.7%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Fair Lakes averages 42.3°F in January and 83.8°F in July. Annual rainfall is 46.1 inches with about 18.5 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Fair Lakes, Virginia is 8,918 with a median age of 38.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Fair Lakes: cost of living index 109 (100 = US average), median home $564,600, median household income $123,387, crime index 47 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Fair Lakes side by side with your current city to see the trade-offs.