Fayetteville, NC is a great place to live and work with its affordable housing and cost of living. The average rent for a two-bedroom apartment in Fayetteville is $1,080 per month compared to the national average of $1,430. Additionally, the Grocery Cost Index in Fayetteville is 94 versus 100 in the US which makes it an even more desirable place to call home. Companies like Goodyear Tire & Rubber Company, Walmart, FMI Corporation, and USA Staffing Network are all major employers in the area that contribute to the local economy. With these companies, coupled with great housing prices and a low cost of living, Fayetteville is an excellent city for those looking to settle down or start a business.
Fayetteville has an unemployment rate of 7.1%. The US average is 6.0%.
Fayetteville has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Fayetteville
- The Sales Tax Rate for Fayetteville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fayetteville is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fayetteville
- The average income of a Fayetteville resident is $23,843 a year. The US average is $28,555 a year.
- The Median household income of a Fayetteville resident is $48,923 a year. The US average is $69,021 a year.