Cost of Living in Fuquay-Varina, NC

Population 37,749 · North Carolina · Data vintage 2023

131
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fuquay-Varina lands reasonably close to national benchmarks on most cost indicators, with a median home value of $411,000 — 35% above the US figure. That makes it a useful reference point for comparing with more extreme markets in North Carolina.

Geographically, Fuquay-Varina sits roughly 13 miles south of Cary. Median home values run roughly 22% lower than Cary's $525,000.

Cost Overview

Housing 135
Rent 125

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

About the Cost of Living in Fuquay-Varina

The median home value in Fuquay-Varina is $410,600 — 35% above the national median of $305,000. Median rent runs $1,646/month, 25% higher than the national median of $1,314/month. The median household income of $111,447/year is 49% higher than the US median of $74,580. The local unemployment rate is 3.1%, below 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 72.0°F and lows of 50.4°F, with about 5.2" of annual snowfall. Overall, Fuquay-Varina has a cost of living index of 131 versus the US average of 100, meaning it is 31% more expensive.

🏠 Housing

Median Home Value
$410,600
35% above avg
Zillow Home Value
$439,430
Zillow ZHVI
Median Rent
$1,646/mo
25% above avg
Zillow Rent
$1,900/mo
Zillow ZORI
Price-to-Rent Ratio
20.8x
Favors renting
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 74.4%
Renter-occupied 25.6%

💰 Estimated Monthly Budget

Rent median rent
$1,646
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,260/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
34.5 min
28% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
26.4%

Commute Mode

Drove alone
64.5%
Carpooled
6.7%
Public transit
0.2%
Walked
1.5%
Bicycle
0.1%
Work from home
26.4%

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
$111,447
49% above avg
Per Capita Income
$43,460
Unemployment Rate
3.1%
36% below avg
Poverty Rate
8.8%
Labor Force Participation
68.7%

🎓 Education

Bachelor's degree+ 37.6%
Graduate degree 15.3%

👥 Demographics

Median Age 36.3
Male median age 34.9
Female median age 36.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.0°F
Avg Low
50.4°F
Annual Precip
46.1"
Annual Snowfall
5.2"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 525663738087918983736355
Low °F 323440495866706963504034
Precip" 3.432.784.103.533.383.895.024.715.153.373.323.39
Snow" 2.61.40.30.00.00.00.00.00.00.00.10.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
52.1%
Good air days/yr
130
Max AQI recorded
256
PM2.5 days
108
Ozone days

Frequently Asked Questions

What is the cost of living in Fuquay-Varina, NC?

Fuquay-Varina has a cost index of 131 (100 = national average). It is 31% above the national average.

What is average rent in Fuquay-Varina, NC?

The median gross rent in Fuquay-Varina is $1,646 per month based on 2023 Census data.

What is the average home price in Fuquay-Varina?

The median home value in Fuquay-Varina is $410,600 according to Zillow and Census data.

What is the median income in Fuquay-Varina?

The median household income in Fuquay-Varina is $111,447 per year (2023 ACS 5-year estimates).

What is the sales tax in Fuquay-Varina, NC?

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

Is Fuquay-Varina, NC affordable?

Fuquay-Varina is above average in cost of living, with an index of 131 — about 31% higher than the national average.

What is the weather like in Fuquay-Varina?

Fuquay-Varina has average high temperatures of 72.0°F and average lows of 50.4°F. Annual precipitation is 46.1". Average annual snowfall is 5.2". Data from NOAA 1991–2020 Climate Normals.

Fuquay-Varina at a Glance

Population
37,749
Median Income
$111,447
Home Value
$410,600
Median Rent
$1,646/mo
Unemployment
3.1%
Avg High Temp
72.0°F
Sales Tax
7.0%
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