Fayetteville ranks among Georgia’s most affordable cities, making it an attractive choice for budget-friendly residents. The cost of living is 4% lower than the national average, and utility and transportation costs are 16% and 8% lower.
Fayetteville boasts major employers like RevPart, a leading manufacturer, and The Southern Credit Union, a trusted financial institution. Parks, outdoor activity centers, and cultural places also ensure that Fayetteville perfectly balances urban and outdoor living.
This city provides an affordable lifestyle without compromising quality of life. Let’s look closer at the living costs in Fayetteville and if it is one of the best places to live.
What Is The Cost Of Living Index?
The Cost of Living Index includes the cost of basic expenses like housing, food, transportation, and healthcare in a specific region. It helps determine the income needed to maintain a certain standard of living in that location.
The cost of living in Fayetteville, GA, is 4% lower than the national average. You can save significantly by setting financial goals and keeping track of your spending on the basics, like groceries, utilities, and rent. Let’s consider a few significant expenses in Fayetteville to better understand what life could look like in the city.
5 Major Living Expenses In Fayetteville, GA
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Housing
Housing prices in Fayetteville average around $434,222. This is 19% higher than the national average and 23% higher than the Georgia state average. The average rent in Fayetteville is $2,800 per month.
If you have a tight budget, you can also find homes for sale in Fayetteville, GA under $200,000.
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Utilities
Utility costs in Fayetteville are significantly lower than the national average, about 16% less. Basic utilities, such as heating, water, and electricity, can run up to $148 for a family in Fayetteville.
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Transportation
Transportation expenses in Fayetteville are 8% lower than the national average. Here’s a breakdown of costs:
Local transport ticket: $2.50
Taxi ride (1 km): $3.12
Gas: $3.13 per gallon
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Food And Groceries
The cost of groceries in Fayetteville is about 1% higher than the national average. Here are some prices:
Groceries:
- Milk: $2.44 per gallon
- Bread: $3.90 (about 1.1 lb)
- Bananas: $3.38 for 1 kg (about 2.2 lb)
- Eggs: $2.26 per dozen
Dining Out:
A lunch menu will cost you around $10.
A dinner for two in a restaurant is approximately $60.
A fast food meal (equivalent to McDonald’s) costs about $10.
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Other Expenses
Healthcare costs in Fayetteville are at par with the national average. A routine doctor’s visit can cost up to $125.28. For entertainment, a cinema ticket for one person costs around $10.8.
4 Tips To Save Money On Living Expenses In Fayetteville
Living in Fayetteville can be expensive, but there are ways to manage your costs effectively:
1. Use Public Transportation
Fayetteville has Marta bus route 191, which significantly reduces transportation costs. Fayette Senior Services is also a mode of transportation for disabled and older adults.
2. Consider Affordable Housing Options
If you’re looking for cheap housing in Fayetteville, GA, consider a budget-friendly neighborhood like Irondale for single-family homes. Compared to central Fayetteville, home prices in this neighborhood are 42% less expensive.
3. Shop Smart For Groceries
You can reduce your food expenses by shopping at grocery stores like Food Depot or Publix Super Markets at Fayette Pavilion. These stores often offer prices lower than traditional supermarkets. You can also buy in bulk and shop for groceries during sales to maximize savings.
4. Enjoy Free Local Activities
Fayetteville offers many free activities. Visit Dickson Springs Park for a walk, hike, or bike ride and enjoy nature. You can also catch a free concert at the Town Green. The city’s website and social media pages are regularly updated with scheduled events.
Bottom Line
Fayetteville’s cost of living is 4% lower than the national average, with housing and grocery being the major expenses. While the median home price is $434K and the average rent is $2,800, certain neighborhoods have more affordable options. You can use real estate websites like Houzeo, Zillow, and Redfin to search for houses in nearby neighborhoods.
Despite the lower cost of living, Fayetteville can be a little expensive. Utilize public transportation, shop smart for groceries, and take advantage of free local activities. With careful planning and budgeting, you can live comfortably in Fayetteville.