Fayetteville, TN is a great place for renters looking for an affordable yet comfortable lifestyle. The average 2 bedroom rent of $760 is significantly lower than the US average of $1,430, making it an attractive option for those on a budget. In addition, groceries are more affordable in Fayetteville with its Grocery Cost Index score of 94 versus the US' 100. The city offers a variety of local companies including Fayetteville Home Depot, Walmart Supercenter, and CVS Pharmacy that make it easy to live life comfortably while saving money. With its affordability and convenience, Fayetteville is a great option for any renter looking for a new home.
Fayetteville has an unemployment rate of 5.1%. The US average is 6.0%.
Fayetteville has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 46.4%, which is higher than the US average of 33.5%.
Tax Rates for Fayetteville
- The Sales Tax Rate for Fayetteville is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Fayetteville is 0.0%. 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 $21,541 a year. The US average is $28,555 a year.
- The Median household income of a Fayetteville resident is $43,547 a year. The US average is $69,021 a year.