Fayetteville, TN Cost Of Living
Cost Of Living In Fayetteville, TN Summary
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 Tennessee, 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 89, with 100 being the average.
The cost of living index in Fayetteville is 0.9x lower than the national average.
Fayetteville ranks as the #45 cheapest in Tennessee out of 109.
Fayetteville ranks as the #1,060 cheapest out of 6,489 in the US.
The median home value in Fayetteville is $249,249.
The median income in Fayetteville is $50,890.
Table Of Contents
Fayetteville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Fayetteville, TN?
According to the most recent data on the cost of living, Fayetteville has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Tennessee, Fayetteville has a cost of living index that's 1.0x lower than Tennessee's index of 90.
The standard of living in Fayetteville ranks as #45 most affordable out of the 109 places we measured in Tennessee. By definition, that implies Fayetteville ranks as the #64 most expensive place in the Volunteer State.
For more reading on life in Fayetteville, check out:
In Tennessee
In America
Fayetteville Cost Of Living Vs. Tennessee
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 97.
The Groceries index in Fayetteville is 100.
The Health index in Fayetteville is 94.
The Housing index in Fayetteville is 71.
The Transportation index in Fayetteville is 95.
The Utilities index in Fayetteville is 98.
| Living Expense | Fayetteville | Tennessee | National Average | |
|---|---|---|---|---|
| Overall | 89 | 90 | 100 | |
| Services | 97 | 93 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 94 | 87 | 100 | |
| Housing | 71 | 81 | 100 | |
| Transportation | 95 | 89 | 100 | |
| Utilities | 98 | 95 | 100 | |
Fayetteville, TN Housing Cost Breakdown
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Fayetteville is $249,249.
The Median Rent in Fayetteville is $753.
The Median Income in Fayetteville is $50,890.
The Home Value To Income in Fayetteville is 4.9x.
The Rent To Monthly Income in Fayetteville is 0.18x.
| Statistic | Fayetteville | Tennessee | United States |
|---|---|---|---|
| Median Home Value | $249,249 | $330,598 | $303,400 |
| Median Rent | $753 | $1,122 | $1,348 |
| Median Income | $50,890 | $67,097 | $78,538 |
| Home Value To Income | 4.9x | 4.9x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Fayetteville, TN Costs By Category
Detailed Fayetteville Services Costs Vs. Tennessee
| Item | Fayetteville | Tennessee |
|---|---|---|
| Shampoo | $1.24 | $1.28 |
| Movie | $12.52 | $12.13 |
| Bowling | $22.78 | $18 |
| Haircut | $24.45 | $24.26 |
| Beauty Salon | $52.5 | $45.56 |
Detailed Fayetteville Groceries Costs Vs. Tennessee
| Item | Fayetteville | Tennessee |
|---|---|---|
| Ground Beef | $6.04 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $5.33 | $4.93 |
| Pizza | $12.16 | $12.09 |
| Beer | $10.23 | $10.41 |
| Toothpaste | $3.85 | $3.7 |
Detailed Fayetteville Health Costs Vs. Tennessee
| Item | Fayetteville | Tennessee |
|---|---|---|
| Optometrist | $104.06 | $125.68 |
| Doctor | $130.44 | $135.78 |
| Dentist | $113.33 | $113.29 |
Detailed Fayetteville Transportation Costs Vs. Tennessee
| Item | Fayetteville | Tennessee |
|---|---|---|
| Gasoline | $3.16 | $3.46 |
| Tire Balancing | $61.19 | $59.92 |
Detailed Fayetteville Utilities Costs Vs. Tennessee
| Item | Fayetteville | Tennessee |
|---|---|---|
| All Electricity | $191.34 | $193.99 |
| Phone | $188.01 | $192.25 |
Fayetteville SnackAbility
/10
Cost Of Living In Cities Around Fayetteville
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:
Huntsville, AL has a cost of living index of 99, 1.1x Fayetteville.
Murfreesboro, TN has a cost of living index of 108, 1.2x Fayetteville.
Decatur, AL has a cost of living index of 90, 1.0x Fayetteville.
| City | Population | Cost Of Living | Vs. Fayetteville |
|---|---|---|---|
| Huntsville, AL | 218,814 | 99 | 1.1x |
| Murfreesboro, TN | 157,547 | 108 | 1.2x |
| Decatur, AL | 57,760 | 90 | 1.0x |
| Spring Hill, TN | 53,585 | 115 | 1.3x |
| Columbia, TN | 43,971 | 96 | 1.1x |
| Athens, AL | 27,474 | 91 | 1.0x |
| Tullahoma, TN | 20,672 | 95 | 1.1x |
| Scottsboro, AL | 15,641 | 89 | 1.0x |
| Manchester, TN | 12,651 | 85 | 1.0x |
| Meridianville, AL | 10,268 | 97 | 1.1x |
