Fayetteville, IL is a small town located in the southwestern portion of Illinois. It is an ideal place for families looking for a change of pace as it offers low cost living with all the amenities and conveniences nearby. The two bedroom rent in Fayetteville is much lower than the U.S. average at $1,070 versus $1,430. In addition, grocery cost index in Fayetteville is 97 which is slightly lower than the US average of 100. There are several local companies that provide employment opportunities such as King's Service Center, Southern Illinois Electric Cooperative and Fayette County Farm Bureau. There are also plenty of recreational activities to enjoy such as shopping, dining out, and attending local events throughout the year.
Fayetteville has an unemployment rate of 6.7%. The US average is 6.0%.
Fayetteville has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Fayetteville
- The Sales Tax Rate for Fayetteville is 7.4%. 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 $19,780 a year. The US average is $28,555 a year.
- The Median household income of a Fayetteville resident is $58,472 a year. The US average is $69,021 a year.