Fuquay-Varina, NC is an ideal city for anyone looking for a great place to live without breaking the bank. With a 2 bedroom rent of only $1,420, which is nearly $10 less than the US average, Fuquay-Varina offers plenty of opportunities to save money. The cost of groceries in the area is also noticeably lower than the national average, with a Grocery Cost Index rating of 99 versus 100 in the US.
The city itself provides plenty of local companies and businesses that contribute to its thriving economy. Companies such as WakeMed Health & Hospitals, BB&T Corporation, and ABC Stores have all set up shop here, offering employment opportunities and bringing new customers to the area every day. Moreover, Fuquay-Varina's location also helps keep living costs low; being just south of Raleigh makes it easy to access larger cities while still enjoying more rural amenities like parks and trails. This unique combination makes it an ideal place for those who want all the benefits of city life without paying expensive prices.
Fuquay-Varina has an unemployment rate of 3.8%. The US average is 6.0%.
Fuquay-Varina has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 45.5%, which is higher than the US average of 33.5%.
Tax Rates for Fuquay-Varina
- The Sales Tax Rate for Fuquay-Varina is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Fuquay-Varina 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 Fuquay-Varina
- The average income of a Fuquay-Varina resident is $27,096 a year. The US average is $28,555 a year.
- The Median household income of a Fuquay-Varina resident is $85,047 a year. The US average is $69,021 a year.