Fayetteville, NC Cost Of Living

Fayetteville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Fayetteville	North Carolina	National
Cost of living index	94	94	100
Index	Fayetteville	North Carolina	National
Goods & Services index	101	98	100
Groceries index	106	98	100
Health care index	101	107	100
Housing index	76	85	100
Transportation index	100	98	100
Utilities index	98	96	100

A general summary of the cost of living index in Fayetteville, NC is shown above. Compared to the state average of North Carolina the cost of living index in Fayetteville, NC is 94, which is 1% lower than the average in North Carolina and compared to the national average it is 6% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Fayetteville, NC goods and services come in at 3% higher than the average in North Carolina and are 1% higher than compared to the nationwide average.

Did you know?

The cost of living in Fayetteville is 1% lower than the North Carolina average.
The cost of living in Fayetteville is 6% lower than the national average.
The cost of housing in Fayetteville is 24% lower than the national average.
North Carolina general sales tax is 7% lower than the national average.
North Carolina state income tax is 159% higher than the national average.

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Compare Fayetteville, NC Cost of living To Other Cities

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Fayetteville, NC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Fayetteville, NC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fayetteville, NC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,671	$4,889	$1,369	$1,760
Renters	$34,003	$2,834	$793	$1,020

One can approximate the cost of living and the housing affordability in Fayetteville, NC by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Fayetteville, NC have a median income of $58,671. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,369 per month to avoid calamity and poverty. The renters in the city have an income of about $34,003, which would make their monthly maximum allowable rental costs $793.

North Carolina Sales Tax

State	General Sales Tax	With Max Surtax
North Carolina	4.75%	7.5%

North Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
North Carolina	5.75%	5.75%

When you are determining the total cost of living in Fayetteville, NC you will want to make sure you consider both the North Carolina sales tax and the North Carolina income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in North Carolina is 4.75%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in North Carolina have a range from 5.75% to 5.75%.

Goods & Services

Item	Fayetteville	National avg.	Difference
Haircut	$19.49	$16.09	21.1%
Beauty Salon	$51.86	$37.33	38.9%
Toothpaste	$2.65	$2.45	8.3%
Shampoo	$1.03	$1.00	2.7%
Movie	$9.93	$10.28	3.4%
Bowling	$5.64	$4.93	14.3%

Groceries

Item	Fayetteville	National avg.	Difference
Ground Beef	$3.85	$3.80	1.2%
Fried Chicken	$1.69	$1.40	20.9%
Milk	$2.00	$2.01	0.3%
Potatoes	$3.53	$3.01	17.1%
Pizza	$10.82	$9.89	9.5%
Beer	$9.11	$8.90	2.3%

Health Care

Item	Fayetteville	National avg.	Difference
Optometrist	$103.10	$102.16	0.9%
Doctor	$99.19	$108.36	8.5%
Dentist	$98.93	$92.53	6.9%
Ibuprofen	$8.66	$9.28	6.7%
Lipitor	$444.08	$425.82	4.3%

Housing

Item	Fayetteville	National avg.	Difference
Home Price	$127,500.00	$184,700.00	31.0%
Avg. Mortgage Payment	$940.37	$1,202.44	21.8%
Apartment Rent	$884.00	$949.00	6.8%

Transportation

Item	Fayetteville	National avg.	Difference
Gasoline	$2.26	$2.24	0.7%
Tire Balancing	$45.39	$46.29	1.9%

Utilities

Item	Fayetteville	National avg.	Difference
All Electricity	$143.51	$165.96	13.5%
Phone	$31.92	$28.68	11.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Rex, NC	51	101	1%
Autryville, NC	408	87	-13%
Parkton, NC	579	89	-11%
Godwin, NC	130	89	-11%
Vander, NC	1,176	89	-11%
Fayetteville, NC	203,670	94	-6%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Oxnard, CA	204,752	133	33%
Fontana, CA	205,228	122	22%
Moreno Valley, CA	202,061	117	17%
Tacoma, WA	205,602	112	12%
Montgomery, AL	201,717	88	-12%
Fayetteville, NC	203,670	94	-6%

Source: The Fayetteville, NC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Fayetteville, NC Cost of Living