Cost of Living in Fayetteville, TN
Population 7,037 · Tennessee · Data vintage 2023
(100 = US avg)
Fayetteville is a smaller Tennessee community of around 7000 residents, where median household incomes of $50,890 and housing costs ($191,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 30 miles north of Huntsville, Fayetteville falls within that metro's commuting orbit. Median home values run roughly 27% lower than Huntsville's $263,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Fayetteville
The median home value in Fayetteville is $191,100 — 37% below the national median of $305,000. Median rent runs $753/month, 43% lower than the national median of $1,314/month. The median household income of $50,890/year is 32% lower than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. Overall, Fayetteville has a cost of living index of 61 versus the US average of 100, meaning it is 39% less expensive.
Fayetteville has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Fayetteville, TN?
Fayetteville has a cost index of 61 (100 = national average). It is 39% below the national average.
What is average rent in Fayetteville, TN?
The median gross rent in Fayetteville is $753 per month based on 2023 Census data.
What is the average home price in Fayetteville?
The median home value in Fayetteville is $191,100 according to Zillow and Census data.
What is the median income in Fayetteville?
The median household income in Fayetteville is $50,890 per year (2023 ACS 5-year estimates).
What is the sales tax in Fayetteville, TN?
The combined state and local sales tax rate in Fayetteville is 9.6%. Tennessee has no state income tax.
Is Fayetteville, TN affordable?
Yes, Fayetteville is generally considered affordable, with a cost of living index of 61 — about 39% below the US national average of 100.
Fayetteville at a Glance
- Population
- 7,037
- Median Income
- $50,890
- Home Value
- $191,100
- Median Rent
- $753/mo
- Unemployment
- 5.3%
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
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