Fayetteville, Texas is a small town located in Fayette County with a population of 78940. The two bedroom rent in the area is $1,000 which is significantly lower than the US average of $1,430. In addition, the Grocery Cost Index is 92 compared to 100 which indicates that Fayetteville has slightly lower grocery costs than the national average. Local companies in this area include Russell Oil & Propane Co, TnT Services LLC, and Smith Sanitation. Russell Oil & Propane Co provides heating oil and propane services to residences and businesses throughout Fayetteville and its surrounding areas. TnT Services LLC offers professional automotive repair services for cars and trucks. Lastly, Smith Sanitation provides residential waste removal services to customers living within Fayetteville city limits.
Fayetteville (zip 78940) has an unemployment rate of 5.4%. The US average is 6.0%.
Fayetteville (zip 78940) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Fayetteville (zip 78940)
- The Sales Tax Rate for Fayetteville (zip 78940) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Fayetteville (zip 78940) 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 (zip 78940)
- The average income of a Fayetteville (zip 78940) resident is $39,564 a year. The US average is $37,638 a year.
- The Median household income of a Fayetteville (zip 78940) resident is $71,985 a year. The US average is $69,021 a year.