Fairfax, VT
Population 886 · Vermont
About Fairfax, VT
Fairfax is a small community located in Vermont with a population of 886 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,667 per year, which is 25% below the national median of $75,149. The median age of 48.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fairfax features a median home value of $348,600, which is 42% above the national median of $244,900. This positions Fairfax in a moderately priced market relative to the rest of the country. Median monthly rent is $1,009, 13% below the national average of $1,163/month. Of the 508 total housing units, 37% are owner-occupied (188 units) and 63% are renter-occupied (320 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Fairfax shows an unemployment rate of 10.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.3%, above the national average of 12.4%. Workers in Fairfax have an average one-way commute time of 29.6 minutes.
Education & Demographics
49.4% of Fairfax residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Fairfax Ranks in Vermont
Cost of Living in Fairfax, VT
Compared to national averages, Fairfax has a median household income of $56,667 (25% below the national median of $75,149). Home values average $348,600, which is 42% above the national median. Monthly rent at $1,009 is 13% below the US average of $1,163. Within Vermont, Fairfax's income is 22% below the state average of $72,974, and home values are 36% above the state median of $255,863.
Why Live in Fairfax, VT?
Fairfax offers rent that’s lower than the national average at $1,009/month, and a well-educated community where 49.4% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($56,667) that falls below the national average. However, Fairfax’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairfax has a population of 886 with a median age of 48.8 years. Compare Fairfax with other cities to see how it stacks up, or explore all cities in Vermont.
Similar Cities Near Fairfax
Cities in Vermont with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Derby Line | 860 | $69,000 | $180,600 | Compare |
| Orleans | 848 | $57,604 | $156,300 | Compare |
| Castleton Four Corners | 807 | $44,934 | $153,400 | Compare |
| Woodstock | 983 | $103,750 | $659,300 | Compare |
| Ludlow | 755 | $53,654 | $278,300 | Compare |
| Stowe | 745 | $84,429 | $0 | Compare |
| Jeffersonville | 729 | $57,083 | $305,800 | Compare |
| Hardwick | 1,047 | $41,667 | $175,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Vermont
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fairfax With Other Cities
Frequently Asked Questions about Fairfax
What is the population of Fairfax, VT?
The population of Fairfax, VT is 886 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Vermont.
What is the median household income in Fairfax?
The median household income in Fairfax, VT is $56,667 per year, which is 25% below the national median of $75,149.
What is the median home value in Fairfax?
The median home value in Fairfax, VT is $348,600, which is 42% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Fairfax?
The median monthly rent in Fairfax, VT is $1,009, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Fairfax?
The unemployment rate in Fairfax, VT is 10.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fairfax, VT a good place to live?
Fairfax offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 886 and a median age of 48.8, the city appeals to established professionals and retirees.
How educated is Fairfax, VT?
49.4% of residents in Fairfax aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Fairfax?
Key cost-of-living indicators for Fairfax, VT: median home value is $348,600 (42% above national), median rent is $1,009/month, and median household income is $56,667. The home-value-to-income ratio is 6.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Fairfax?
The poverty rate in Fairfax, VT is 20.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fairfax, VT?
Fairfax's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.