| Index | Fuquay-Varina | North Carolina | National |
| Cost of living | 113 | 96 | 100 |
| Groceries | 98 | 100 | 100 |
| Health care | 97 | 99 | 100 |
| Housing | 147 | 88 | 100 |
| Transportation | 101 | 99 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 98 | 100 | 100 |
Getting a feel for the cost of living in Fuquay-Varina is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Fuquay-Varina is 113, which is 13% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs are a major factor in the Fuquay-Varina cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 46.6% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
The most insightful perspective on a city comes from its residents. We recently surveyed 17 locals to gauge their perception of the cost of living in Fuquay-Varina. The feedback revealed that 59% of respondents found the cost of living to be reasonable, with prices on the decline, while 41% regarded it as notably expensive with prices that continue to rise.
Is Fuquay-Varina affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Fuquay-Varina, the median home price is 52.1% higher than the national average and monthly rent prices are 33.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Fuquay-Varina boasting a median household income of $119,999, 47.5% higher than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Fuquay-Varina, the utilities index is 2.3% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Fuquay-Varina, healthcare costs are 2.6% lower than the national average.
The Fuquay-Varina cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $150,679 | $12,557 | $3,516 | $4,521 |
| Renters | $76,393 | $6,366 | $1,782 | $2,292 |
| State | General Sales Tax | With Max Surtax |
| North Carolina | 4.75% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| North Carolina | 4.75% | 4.75% |
| City | Population | Cost of Living Index | National Avg. |
| Coats, NC | 2,536 | 88 | 11.5% |
| Benson, NC | 3,991 | 90 | 10.3% |
| Lillington, NC | 3,690 | 95 | 4.9% |
| Mamers, NC | 627 | 95 | 5.0% |
| Angier, NC | 5,927 | 96 | 3.8% |
| Fuquay-Varina, NC | 29,773 | 113 | 13.4% |
| City | Population | Cost of Living Index | National Avg. |
| Paragould, AR | 29,773 | 89 | 10.5% |
| Whitehorse, YT | 29,774 | n/a | |
| Summerlin South, NV | 29,750 | 144 | 44.2% |
| Port Chester, NY | 29,796 | 150 | 49.6% |
| Ridgecrest, CA | 29,800 | 112 | 12.0% |
| Fuquay-Varina, NC | 29,773 | 113 | 13.4% |
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