Cost of Living in Fayetteville, NC

Population 209,692 · North Carolina · Data vintage 2023

70
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Fayetteville's cost indicators track within a reasonable band of national figures, with median household incomes near $56,395 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail. At 8.2%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Cost Overview

Housing 56
Rent 90

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fayetteville

The median home value in Fayetteville is $171,900 — 44% below the national median of $305,000. Median rent runs $1,179/month, 10% lower than the national median of $1,314/month. The median household income of $56,395/year is 24% lower than the US median of $74,580. The local unemployment rate is 8.2%, above the national average of 4.8%. North Carolina's top state income tax rate is 4.5% and the combined sales tax is 7.0%. The climate averages highs of 73.6°F and lows of 52.4°F. Overall, Fayetteville has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value
$171,900
44% below avg
Zillow Home Value
$222,765
Zillow ZHVI
Median Rent
$1,179/mo
10% below avg
Zillow Rent
$1,425/mo
Zillow ZORI
Price-to-Rent Ratio
12.2x
Favors buying
Property Tax Rate
0.8%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$826
1 BR
$860
2 BR
$1,049
3 BR
$1,384
4 BR
$1,637
Owner-occupied 46.5%
Renter-occupied 53.5%

💰 Estimated Monthly Budget

Rent median rent
$1,179
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,793/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.7 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.6%

Commute Mode

Drove alone
74.2%
Carpooled
9.9%
Public transit
0.6%
Walked
7.0%
Bicycle
0.1%
Work from home
6.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.5%
Total Sales Tax 7.0%
State rate 4.8%
Avg local rate 2.2%
Property Tax 0.8%

💼 Income & Employment

Median Household Income
$56,395
24% below avg
Per Capita Income
$31,467
Unemployment Rate
8.2%
71% above avg
Poverty Rate
18.1%
Labor Force Participation
66.8%

🎓 Education

Bachelor's degree+ 18.6%
Graduate degree 10.0%

👥 Demographics

Median Age 30.7
Male median age 28.4
Female median age 33.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.6°F
Avg Low
52.4°F
Annual Precip
44.6"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 545865758289918984756557
Low °F 343642516068727065534236
Precip" 3.152.783.083.153.114.894.955.364.873.233.042.97

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 48 — Good
55.1%
Good air days/yr
129
Max AQI recorded
241
PM2.5 days
122
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

85%
4-Year Graduation Rate
14.8:1
Student-teacher ratio
87
Public schools
50,750
Total enrollment

Frequently Asked Questions

What is the cost of living in Fayetteville, NC?

Fayetteville has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Fayetteville, NC?

The median gross rent in Fayetteville is $1,179 per month based on 2023 Census data.

What is the average home price in Fayetteville?

The median home value in Fayetteville is $171,900 according to Zillow and Census data.

What is the median income in Fayetteville?

The median household income in Fayetteville is $56,395 per year (2023 ACS 5-year estimates).

What is the sales tax in Fayetteville, NC?

The combined state and local sales tax rate in Fayetteville is 7.0%. The North Carolina state income tax top rate is 4.5%.

Is Fayetteville, NC affordable?

Yes, Fayetteville is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.

What is the weather like in Fayetteville?

Fayetteville has average high temperatures of 73.6°F and average lows of 52.4°F. Annual precipitation is 44.6". Data from NOAA 1991–2020 Climate Normals.