Cost of Living in Fayetteville, AR
|Cost of Living in Fayetteville, AR||Compared to State Average||Compared to National Average|
|Housing (Buy and Rent)||5% lower||27% lower|
|Utilities (Monthly)||2% higher||7% lower|
|Food||3% higher||6% lower|
|Healthcare||9% lower||22% lower|
|Transportation||8% higher||3% lower|
|Goods & Services||9% lower||11% lower|
The cost of living in Fayetteville, AR is 4% lower than the state average and 14% lower than the national average. Fayetteville, AR housing is 27% cheaper than the U.S average, while utilities are about 7% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 11% less in Fayetteville, AR than in the rest of the country, while clothing costs around 11% less .
Healthcare services such as doctor check-ups and dentistry cost 22% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 11% cheaper in Fayetteville, AR.
Housing (Buy and Rent)
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Fayetteville is $1,264, while home prices circle around $287,514.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Fayetteville, energy bills cost around $139.08 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $2.37 in Fayetteville, a dozen eggs go for around $1.16 and a pound of potatoes circles around $3.73.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Fayetteville, an optometry check-up costs around $69.17, while a dentist appointment is priced $71.50 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.27 in Fayetteville, while getting your tires balanced will run you about $47.75.
Goods & Services
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $13.74 here. Meanwhile, a pair of women's slacks will set you back around $17.90.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Fayetteville, you should budget around $10.42 a month. When it comes to personal services, a haircut usually goes for $18.08, while dry cleaning costs about $9.50.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Fayetteville, the median household income is $47,350.