The Fayetteville, NC Metro Area is an ideal location for those looking to settle down. Residents of the area enjoy the low cost of living with two bedroom rentals averaging $1,000 a month, compared to the national average of $1,430. Groceries are also more affordable in this region with a grocery cost index of 95 versus the US index which is 100. This makes it an attractive option for many individuals and families. The area is also home to popular local companies such as Goodyear Tire & Rubber Company and GE Aviation Systems which provide plenty of job opportunities for those who live in the area.
Fayetteville Metro Area has an unemployment rate of 6.4%. The US average is 6.0%.
Fayetteville Metro Area 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 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Fayetteville Metro Area
- The Sales Tax Rate for Fayetteville Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fayetteville Metro Area 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 Metro Area
- The average income of a Fayetteville Metro Area resident is $22,647 a year. The US average is $28,555 a year.
- The Median household income of a Fayetteville Metro Area resident is $52,835 a year. The US average is $69,021 a year.