Cost of Living in Fayetteville, NC
Housing
The housing market plays a significant role in determining the cost of living in Fayetteville, NC.
- Housing Index: 99.5 / 100
- Median Home Price is: $264,000
- Average Rent (2 BR Apartment): $1760 per month
- Average Rent (2 BR House): $1913 per month
Considering your data on Fayetteville, NC, the housing index is quite favorable at 99.5, suggesting it's a manageable market for buyers and renters alike. With a median home price of 264000 and average rent of 1760 for a 2-bedroom apartment and 1913 for a house, affordability resembles many suburban areas in the United States. Keep in mind the balance between housing costs and income potential in the area, as well as the local amenities and job opportunities that could enhance your living experience. Well-rounded lifestyle options could justify the investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fayetteville, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Fayetteville, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fayetteville is a financially viable option for your relocation.