Fayetteville, AL is a vibrant city located in the heart of Alabama. It is known for being a great place to live, boasting low costs of living and plenty of activities for residents and tourists alike. The average 2 bedroom rent in Fayetteville is much lower than the national average at only $740 compared to $1,430 across the US. Additionally, the grocery cost index in Fayetteville is 93 versus 100 in the US. Local companies such as Lockheed Martin Corporation, Raytheon Technologies Corporation and ABB Inc are major employers in Fayetteville providing jobs to many of its residents. Tourist attractions include Elkmont Trailhead Park that offers plenty of outdoor activities such as mountain biking and hiking trails, Lake Guntersville State Park with stunning views of Lake Guntersville and plenty of fishing opportunities as well as Little River Canyon National Preserve with waterfalls, camping sites and picnic areas. Fayetteville is an ideal destination for those looking for an affordable place with lots to explore.
Fayetteville has an unemployment rate of 3.9%. The US average is 6.0%.
Fayetteville has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Fayetteville
- The Sales Tax Rate for Fayetteville is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Fayetteville is 5.0%. 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 $23,789 a year. The US average is $37,638 a year.
- The Median household income of a Fayetteville resident is $55,284 a year. The US average is $69,021 a year.