Understand the cost of living in Georgia including housing, taxes, insurance, and everyday expenses. Compare Georgia costs to the national average.
Georgia has a cost of living index of 93, where 100 represents the national average. This means living in Georgia is 93 percent of the national average cost. The median household income in Georgia is $66,600, which should be weighed against local expenses.
Housing is typically the largest expense for Georgia residents. The median home price is $310,000, with property taxes averaging 0.83% and home insurance at $1,800 per year. Renters also face costs influenced by the state's overall cost of living index of 93.
Georgia residents pay a top income tax rate of 5.49%, a sales tax of 4%, and property taxes of 0.83%. These tax rates play a major role in the overall cost of living and your household budget.
Auto insurance in Georgia averages $2,000 per year, which is a significant ongoing expense. Combined with fuel, maintenance, and commuting costs, transportation can account for a notable portion of the Georgia household budget.
With a cost of living index of 93, Georgia ranks among states that are 93 percent of the national average. The median income of $66,600 and median home price of $310,000 provide useful benchmarks for comparison. Use CalcHubb's cost of living calculator to compare Georgia with any other state.
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