Fayetteville, NY is an attractive town located in the heart of New York. It is renowned for its small-town charm, scenic beauty, and convenient proximity to Syracuse. The cost of living in Fayetteville is quite reasonable with two bedroom rentals averaging $1,280 a month compared to the US average of $1,430. Along with its affordable rent costs, Fayetteville also has a grocery cost index below the national average at 104 versus 100. Popular local businesses include Tim’s Deli & Grill, LaFayette Bakery & Café, and B’s Workout Room & Lounge. All in all, Fayetteville is an excellent place to live that offers competitive prices on rental costs and groceries along with great local stores to shop at.
Fayetteville has an unemployment rate of 6.5%. The US average is 6.0%.
Fayetteville has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Fayetteville
- The Sales Tax Rate for Fayetteville is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Fayetteville is 6.5%. 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 $45,265 a year. The US average is $28,555 a year.
- The Median household income of a Fayetteville resident is $111,533 a year. The US average is $69,021 a year.