Average Salary in Fayetteville, Arkansas
$55000
$51200
3%
What is the Average Salary in Fayetteville, Arkansas?
The average salary in Fayetteville, Arkansas is $55000 per year. Entry-level positions start at $42000, mid-career professionals earn around $55000, and senior-level employees make $71000. The median household income is $51200.
Quick Salary Overview for Fayetteville
| Average Salary: | $55000 |
| Entry-Level: | $42000 |
| Mid-Career: | $55000 |
| Senior-Level: | $71000 |
| Median Household Income: | $51200 |
How Fayetteville Stacks Up
Average Salary
$55000
Competitive for Arkansas markets
Adjusted Value
$55276
After cost of living adjustment
Home Prices
$420000
Median home value
Job Growth
3%
Annual employment expansion
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Understanding the Salary Landscape in Fayetteville, Arkansas
If you’re considering a career move to Fayetteville, understanding the local salary landscape is crucial for making informed decisions. With a population of 93949 and an average salary of $55000, Fayetteville offers competitive compensation across various industries.
The median household income in Fayetteville stands at $51200, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 99.5, the real purchasing power translates to approximately $55276 annually.
Salary Breakdown by Experience Level in Fayetteville
Career progression in Fayetteville shows clear salary advancement opportunities across different experience levels:
The salary progression from entry-level to senior positions shows strong growth potential, with mid-career professionals earning approximately $55000 and senior-level employees commanding salaries around $71000. For comparison with neighboring states, check out average salaries in Alabama or salaries in Oklahoma.
Top Industries and Employers in Fayetteville
Fayetteville has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:
Highest Paying Industry
Education
The Education sector offers the most competitive salaries in Fayetteville, attracting top talent and driving economic growth in Arkansas.
Major Industries in Fayetteville:
Education, Healthcare, Retail, Technology
Major Employers Hiring in Fayetteville
Some of the largest employers in Fayetteville include: University of Arkansas, Walmart, Tyson Foods, Washington Regional. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 3%.
Cost of Living in Fayetteville: What Your Salary Can Buy
Understanding how far your salary goes in Fayetteville requires analyzing the local cost of living. With a cost of living index of 99.5 (where 100 is the national average), Fayetteville offers good value for money in Arkansas.
Housing
$420000
$1850/month
118
Transportation
108
Groceries
110
Healthcare
98
Monthly Living Costs
$2345
$5120
With housing costs representing a housing index of 118 and an average monthly rent of $1850, Fayetteville provides affordable living options. The median home price of $420000 and estimated monthly necessities of $2345 for a single person or $5120 for a family should be factored into your financial planning.
Job Market and Employment Trends in Fayetteville
The job market in Fayetteville shows promising signs with a job growth rate of 3% and an unemployment rate of 3.8%. This indicates a healthy economy with expanding opportunities for job seekers across Arkansas.
For professionals exploring opportunities across the state, our comprehensive Arkansas salary guide provides detailed comparisons to help you identify the best locations for your career growth.
Demographics and Workforce Profile
Fayetteville has a median age of 30.5 years, with 48.2% of the population holding a college degree. This educated workforce contributes to the city’s competitive salary landscape and attracts employers seeking skilled talent. For similar regional opportunities, explore salary data in Tennessee.
Key Takeaways About Salaries in Fayetteville
- š° The average salary in Fayetteville is $55000, with median household income at $51200
- š When adjusted for cost of living (99.5), salaries have approximately $55276 in purchasing power
- šÆ Education is the highest-paying industry, offering premium compensation packages
- š¢ Major employers like University of Arkansas, Walmart, Tyson Foods, Washington Regional provide stable career opportunities
- š The city shows 3% job growth with 3.8% unemployment rate
- š Housing costs include median home prices at $420000 and average rent at $1850
- šµ Monthly living costs: $2345 (single) | $5120 (family)
- š 48.2% of the population holds college degrees, indicating a skilled workforce
Making Your Decision: Is Fayetteville the Right Career Move?
Fayetteville offers a compelling combination of competitive salaries, growing job opportunities, and Arkansas’s affordable lifestyle. With an average salary of $55000 and a cost of living index of 99.5, professionals can enjoy a comfortable standard of living while building their careers.
The city’s 3% job growth rate and 3.8% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Education, Healthcare, Retail, Technology.
Whether you’re an entry-level professional earning around $42000 or a senior executive commanding $71000, Fayetteville provides the economic foundation for career growth and financial stability in Arkansas.
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