Fayetteville, AR is a bustling city located in Northwest Arkansas. It has been growing steadily over the past couple of years and is home to several large companies, such as Tyson Foods, Walmart, JB Hunt, and the University of Arkansas. The cost of living is affordable compared to other cities in the US, with 2 bedroom rent averaging $950 per month while the US average is $1,430. Additionally, Fayetteville’s Grocery Cost Index is on par with other cities in the country at 100. Despite its growth, Fayetteville has managed to maintain its small-town charm with a population just shy of 100,000 people.
Fayetteville has an unemployment rate of 3.9%. The US average is 6.0%.
Fayetteville has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Fayetteville
- The Sales Tax Rate for Fayetteville is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Fayetteville is 6.9%. 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 $27,266 a year. The US average is $28,555 a year.
- The Median household income of a Fayetteville resident is $52,111 a year. The US average is $69,021 a year.