Buford cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBufordGeorgiaNational
Cost of living index9794100
IndexBufordGeorgiaNational
Goods & Services index10099100
Groceries index10199100
Health care index10099100
Housing index9287100
Transportation index9493100
Utilities index10195100
A general overview of the cost of living index for Buford, GA is displayed above. In Buford, GA, the overall cost of living index is 97, which is 3% higher than the Georgia average and 3% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Buford, GA, the city's goods and services are 1% higher than the Georgia average and equal to the U.S. average.

Did you know?

  • The cost of living in Buford is 3% higher than the Georgia average.
  • The cost of living in Buford is 3% lower than the national average.
  • The cost of housing in Buford is 8% lower than the national average.
  • Georgia general sales tax is 21% lower than the national average.
  • Georgia state income tax is 55% lower than the national average.

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Compare Buford, GA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Buford, GA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Buford, GA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Buford, GA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,058$5,255$1,471$1,892
Renters$34,449$2,871$804$1,034
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Buford, GA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Buford, GA has a median income of about $63,058 for people who own homes. Based on that number, a person should spend a maximum of $1,471 on expenses related to housing. Renters have a slightly different median income, which is $34,449. Based on this average, renters should spend no more than $804 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Georgia4%8%

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
Georgia1%6%
For those who live in Buford, GA and want to know what the true cost of living is, they ought to look at both the Georgia income tax rate and the Georgia sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Georgia, the sales tax is 4%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Georgia, the income tax rate ranges between 1% to 6%.

Goods & Services

ItemBufordNational avg.Difference
Haircut $17.03$15.569.4%
Beauty Salon $34.76$36.113.7%
Toothpaste $3.31$2.4734.0%
Shampoo $0.90$0.967.0%
Movie $12.05$10.1319.0%
Bowling $5.06$4.746.8%

Groceries

ItemBufordNational avg.Difference
Ground Beef $4.14$3.984.0%
Fried Chicken $1.26$1.4110.3%
Milk $1.92$2.067.0%
Potatoes $3.56$2.9819.5%
Pizza $8.23$9.4713.1%
Beer $8.75$8.790.5%

Health Care

ItemBufordNational avg.Difference
Optometrist $94.47$101.046.5%
Doctor $103.88$107.443.3%
Dentist $93.17$90.423.0%
Ibuprofen $8.39$9.289.6%
Lipitor $445.53$426.504.5%

Housing

ItemBufordNational avg.Difference
Home Price $160,400.00$175,700.008.7%
Avg. Mortgage Payment $971.53$1,133.2314.3%
Apartment Rent $875.00$920.004.9%

Transportation

ItemBufordNational avg.Difference
Gasoline $1.93$1.993.0%
Tire Balancing $40.35$45.7611.8%

Utilities

ItemBufordNational avg.Difference
All Electricity$178.28$163.818.8%
Phone $25.98$28.398.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Rest Haven, GA5482-18%
Oakwood, GA4,08990-10%
Auburn, GA7,38893-7%
Lawrenceville, GA29,36495-5%
Gainesville, GA34,93896-4%
Buford, GA12,86497-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ardmore, PA12,86712626%
Grass Valley, CA12,86111515%
Lakeland North, WA12,86012020%
Hamilton Square, NJ12,87012828%
Palmetto, FL12,85694-6%
Buford, GA12,86497-3%
Source: The Buford, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.