Cost of living in Fayetteville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fayetteville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Georgia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fayetteville is 103, with 100 being the average.
The cost of living index in Fayetteville is 1.0x higher than the national average.
Fayetteville ranks as the #123 cheapest in Georgia out of 154.
Fayetteville ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Fayetteville is $257,400.
The median income in Fayetteville is $73,998.
According to the most recent data on the cost of living, Fayetteville has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Georgia, Fayetteville has a cost of living index that's 1.2x higher than Georgia's index of 89.
The standard of living in Fayetteville ranks as #123 most affordable out of the 154 places we measured in Georgia. By definition, that implies Fayetteville ranks as the #31 most expensive place in the Peach State.
For more reading on life in Fayetteville, check out:
Six factors go into calculating the cost of living index in Fayetteville. Here is how it fairs on each of the criteria:
The Services index in Fayetteville is 103.
The Groceries index in Fayetteville is 106.
The Health index in Fayetteville is 102.
The Housing index in Fayetteville is 105.
The Transportation index in Fayetteville is 103.
The Utilities index in Fayetteville is 83.
|Living Expense||Fayetteville||Georgia||National Average|
Housing swings affordability the most between places in Georgia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fayetteville is $257,400.
The Median Rent in Fayetteville is $1,291.
The Median Income in Fayetteville is $73,998.
The Home Value To Income in Fayetteville is 3.5x.
The Rent To Monthly Income in Fayetteville is 0.21x.
|Median Home Value||$257,400||$206,700||$244,900|
|Home Value To Income||3.5x||3.2x||3.5x|
|Rent To Monthly Income||0.21x||0.2x||0.2x|
The cost of living varies in the cities and towns around Fayetteville. Here's a quick look at the cost of living in the most populous nearby places:
Newnan, GA has a cost of living index of 99, 1.0x Fayetteville.
McDonough, GA has a cost of living index of 95, 0.9x Fayetteville.
Stockbridge, GA has a cost of living index of 95, 0.9x Fayetteville.
|City||Population||Cost Of Living||Vs. Fayetteville|
|Gresham Park, GA||8,569||93||0.9x|