Fayetteville, TN, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Fayetteville stands at 88, which is 12% below the national benchmark of 100. This lower cost of living makes Fayetteville an attractive option for residents seeking more affordable living conditions.
Specifically, housing costs in Fayetteville are 20% below the national average, with an index of 80. Groceries and utilities also show a slight reduction, at 10% and 5% below the average, respectively. Transportation costs are 15% lower, while healthcare costs are only 2% below the national average. Miscellaneous expenses are 8% below the national average, rounding out the overall lower cost of living in Fayetteville.
Fayetteville, TN, offers a cost of living that is notably lower than the nationwide average. The housing index in Fayetteville stands at 80, which is 20% less than the national average of 100. This means that housing costs in Fayetteville are significantly more affordable. Additionally, groceries in Fayetteville are priced at 90, which is 10% less than the average. This makes everyday food expenses more manageable for residents.
Utilities in Fayetteville are slightly above the national average, with an index of 95, representing a 5% increase. Transportation costs also mirror the national average closely, with an index of 85, which is 15% lower. Healthcare costs in Fayetteville are slightly higher, at 98, which is 2% above the national average. Miscellaneous expenses, such as entertainment and personal care, are at 92, which is 8% below the average. Overall, Fayetteville provides a cost-effective living environment with several areas below the national average.
