Living & Working in Fayetteville
Rent vs. Buy Analysis
Median home price is $232,000 . Buying analysis suggests lower long-term costs compared to renting.
Neighborhoods by Value & Commute
Haymount
URBANPine Forest
SUBURBANQuick Decision Guide
Major HVAC Employers
Top-Rated School Districts in Fayetteville, NC
- Cumberland County Schools: Includes highly rated schools like Jack Britt High School (rated 8/10 on GreatSchools) and Howard Health and Life Sciences High School (rated 9/10).
- Private Options: here Academy and Village Christian Academy are top-rated private schools.
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Childcare Costs in Fayetteville, NC
- Daycare: Average monthly cost ranges from $600โ$1,200 for full-time care, depending on the facility (Care.com).
- Nanny: Rates average $15โ$25/hour, translating to $2,400โ$4,000/month for full-time care (Reddit).
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Recommended Pediatricians and Family Clinics
Financial Facts for Fayetteville, NC
- State Income Tax Rate: North Carolina has a flat state income tax rate of 4.50% as of 2023, applicable to all taxable income. This rate is consistent across the state, including Fayetteville. Source: NCDOR.
- Property Tax Average: The effective property tax rate in Cumberland County, where Fayetteville is located, is approximately 0.73%. For a home valued at $200,000, this translates to an annual property tax of around $1,460. Source: SmartAsset.
- Cost of Living Comparison: The cost of living in Fayetteville is approximately 6% lower than the national average and 10% lower than in Raleigh, the nearest major city. Housing costs are notably more affordable, with median home prices around $180,000 compared to Raleigh's $350,000. Source: Raleigh Realty.
- Growing Industries: Key industries driving job growth in Fayetteville include biomanufacturing, healthcare, and logistics. The city is home to a bioprocessing training hub, supporting North Carolina's expanding biomanufacturing sector. Major employers like PWC and Cape Fear Valley Health System are