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Cost of Living in Fuquay-Varina, NC

Population 40,485 · Census ACS 2020–2024 5-year estimates

Median rent$1,720
Median home value$451,500
Median household income$115,497

The median rent in Fuquay-Varina, NC is $1,720/month, 40% higher than the North Carolina median and 22% higher than the U.S. median. The median home value is $451,500, 36% higher than the national median. Households earn a median of $115,497 a year, 60% higher than the state median.

Affordability

Rent as a share of median income: 17.9%
Income needed for median rent (30% rule): $68,800/yr
Home price-to-income ratio: 3.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,283/mo

Run your own numbers: mortgage calculator · hourly to salary

Fuquay-Varina vs. North Carolina vs. U.S.

Fuquay-VarinaNorth CarolinaU.S.
Median rent$1,720$1,228$1,413
Median home value$451,500$288,900$332,700
Median household income$115,497$72,388$80,734
Homeownership rate74.2%66.6%65.2%
Bachelor's degree or higher54.0%35.7%35.7%
Poverty rate8.2%13.0%12.5%
Unemployment rate3.6%4.7%5.2%
Work from home30.0%16.3%15.1%
Median age37.039.138.9

FAQ

What is the average rent in Fuquay-Varina, NC?

The median gross rent in Fuquay-Varina, NC is $1,720 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Fuquay-Varina, NC?

Using the common 30% rule, renting a median-priced home takes about $68,800 a year in gross income.

Is Fuquay-Varina, NC expensive to live in?

Rent there is 22% higher than the U.S. median, and the median home costs about 3.9 times the median household income.

Other cities in North Carolina

Charlotte, NCRent $1,612 · Income $82,068Raleigh, NCRent $1,572 · Income $85,395Greensboro, NCRent $1,172 · Income $61,515Durham, NCRent $1,508 · Income $81,619Winston-Salem, NCRent $1,087 · Income $59,268Fayetteville, NCRent $1,250 · Income $58,407

Cities with a similar cost of living

Catonsville, MDRent $1,724 · Income $114,109Clinton, UTRent $1,698 · Income $116,194Holladay, UTRent $1,704 · Income $117,043Champlin, MNRent $1,689 · Income $116,102Lake in the Hills, ILRent $1,689 · Income $117,151Arlington Heights, ILRent $1,760 · Income $116,723

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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