Fuquay-Varina, NC

Above Avg · 122

North Carolina · Population 37,749 · Updated March 2026

$1,646
Median Rent / Month
$111,447
Median Income
$410,600
Median Home Value
$1,719
Owner Costs / Month

Affordability

How far your income goes in Fuquay-Varina

17.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in North Carolina

State-level tax rates that affect your costs

4.5%
Income Tax (Top Rate)
4.75%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$19,752
Annual Rent
$5,015
State Income Tax
$3,285
Property Tax (est.)

Cost of Living Overview

Fuquay-Varina has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 122 (where 100 equals the national median), Fuquay-Varina residents can expect to pay median rent of $1,646/month while earning a median household income of $111,447/year.

The median home value in Fuquay-Varina, NC is $410,600, with typical monthly owner costs around $1,719 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

North Carolina has a moderate income tax rate of 4.5%. Combined with a 4.75% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Fuquay-Varina.

Frequently Asked Questions

Common questions about living costs in Fuquay-Varina

What is the cost of living in Fuquay-Varina, NC?
The cost of living index in Fuquay-Varina, NC is 122 (US average = 100). Median monthly rent is $1,646, median household income is $111,447/year, and the median home value is $410,600.
Is Fuquay-Varina, NC affordable?
No, Fuquay-Varina is more expensive than the national average with a cost index of 122. The rent-to-income ratio is 17.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fuquay-Varina, NC?
The median gross rent in Fuquay-Varina, NC is $1,646 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,752.
What is the median household income in Fuquay-Varina?
The median household income in Fuquay-Varina, NC is $111,447 per year. This compares to the national median of approximately $80,000.
What are the taxes like in North Carolina?
North Carolina has a top income tax rate of 4.5%, a sales tax of 4.75%, and an effective property tax rate of 0.8%.