Cochran 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.
IndexCochranGeorgiaNational
Cost of living index8194100
IndexCochranGeorgiaNational
Goods & Services index9696100
Groceries index97100100
Health care index8594100
Housing index4987100
Transportation index9096100
Utilities index10197100
A general overview of the cost of living index for Cochran, GA is displayed above. In Cochran, GA, the overall cost of living index is 81, which is 14% lower than the Georgia average and 19% 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 Cochran, GA, the city's goods and services are 1% lower than the Georgia average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in Cochran is 14% lower than the Georgia average.
  • The cost of living in Cochran is 19% lower than the national average.
  • The cost of housing in Cochran is 51% 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 Cochran, GA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Cochran, GA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Cochran, GA, then you would need to earn more income in order to maintain the same standard of living. To use the Cochran, GA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$37,000$3,083$863$1,110
Renters$11,957$996$279$359
If you want to find a good determining factor for the cost of living and the general affordability of housing in Cochran, GA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Cochran, GA, the median monthly income is $37,000 for those who own their own homes. Under the standard rule, that income level would allow for $863 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $11,957, per the median income in the area. That would allow for renters to spend up to $279 on monthly rental expenses.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Georgia4%8%

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
Georgia1%6%
One thing to keep in mind when considering the cost of living in Cochran, GA is the Georgia sales tax and Georgia income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Georgia sales tax rate is 4% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Georgia income tax rates range from 1% to 6%.

Goods & Services

ItemCochranNational avg.Difference
Haircut $11.00$14.5924.6%
Beauty Salon $26.29$34.6824.2%
Toothpaste $2.26$2.478.6%
Shampoo $1.08$1.025.7%
Movie $9.50$9.873.7%
Bowling $4.00$4.398.9%

Groceries

ItemCochranNational avg.Difference
Ground Beef $4.24$4.485.3%
Fried Chicken $1.27$1.4613.3%
Milk $2.23$2.365.4%
Potatoes $3.29$3.067.5%
Pizza $9.00$9.242.6%
Beer $9.40$8.638.9%

Health Care

ItemCochranNational avg.Difference
Optometrist $90.25$99.789.5%
Doctor $80.00$105.0323.8%
Dentist $71.00$88.7020.0%
Ibuprofen $8.89$9.415.5%
Lipitor $295.81$298.500.9%

Housing

ItemCochranNational avg.Difference
Home Price $77,600.00$175,700.0055.8%
Avg. Mortgage Payment $903.08$1,081.0316.5%
Apartment Rent $548.00$920.0040.4%

Transportation

ItemCochranNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $39.21$45.2913.4%

Utilities

ItemCochranNational avg.Difference
All Electricity$164.16$170.803.9%
Phone $30.59$28.268.3%
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.
Chester, GA1,71977-23%
Empire, GA39877-23%
Allentown, GA24278-22%
Montrose, GA23179-21%
Eastman, GA5,44283-17%
Cochran, GA4,91781-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spirit Lake, IA4,91693-7%
Saltillo, MS4,91682-18%
Nashville, GA4,91881-19%
Duryea, PA4,91894-6%
Palos Park, IL4,91912323%
Cochran, GA4,91781-19%
Source: The Cochran, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.