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"fair" will vary based on where you are and what the going labor rate is. Many public libraries carry the chilton's labor estimate manual repair shops use to estimate labor. I would suspect it will list this as a one hour job, but a good mechanic can do it in under 15 minutes (expect to pay an hour labor though anyway).

The parts price as of January 2013 is $114.99 at autozone. The labor may cost you more. If you have a friend that works on cars your labor cost may be as cheap as the price of a six pack.

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Q: What is a fair price for replacing an alternator in a 99 Toyota corolla?
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