Elberton 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.
IndexElbertonGeorgiaNational
Cost of living index8194100
IndexElbertonGeorgiaNational
Goods & Services index9496100
Groceries index103100100
Health care index9594100
Housing index4987100
Transportation index8196100
Utilities index9597100
Here we can see a simple outline of the cost of living in Elberton, GA. As you can see, with the average cost of living in Elberton, GA being 81, that puts it 14% lower than the average of Georgia and 19% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Elberton, GA, the price of goods and services are 2% lower than the average of Georgia as well as 6% lower than the nation's average.

Did you know?

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

Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Elberton, 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 Elberton, GA, then you would need to earn more income in order to maintain the same standard of living. To use the Elberton, 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$35,000$2,917$817$1,050
Renters$16,502$1,375$385$495
If you want to find a good determining factor for the cost of living and the general affordability of housing in Elberton, 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 Elberton, GA, the median monthly income is $35,000 for those who own their own homes. Under the standard rule, that income level would allow for $817 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,502, per the median income in the area. That would allow for renters to spend up to $385 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%
For those who live in Elberton, 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

ItemElbertonNational avg.Difference
Haircut $12.75$14.5912.6%
Beauty Salon $40.00$34.6815.3%
Toothpaste $3.52$2.4742.3%
Shampoo $1.09$1.026.7%
Movie $9.13$9.877.5%
Bowling $3.50$4.3920.3%

Groceries

ItemElbertonNational avg.Difference
Ground Beef $4.79$4.487.0%
Fried Chicken $1.55$1.465.9%
Milk $2.60$2.3610.3%
Potatoes $2.82$3.067.9%
Pizza $10.00$9.248.2%
Beer $8.32$8.633.6%

Health Care

ItemElbertonNational avg.Difference
Optometrist $100.00$99.780.2%
Doctor $96.33$105.038.3%
Dentist $82.00$88.707.6%
Ibuprofen $10.65$9.4113.2%
Lipitor $277.99$298.506.9%

Housing

ItemElbertonNational avg.Difference
Home Price $76,000.00$175,700.0056.7%
Avg. Mortgage Payment $732.54$1,081.0332.2%
Apartment Rent $570.00$920.0038.0%

Transportation

ItemElbertonNational avg.Difference
Gasoline $1.70$2.0918.8%
Tire Balancing $37.00$45.2918.3%

Utilities

ItemElbertonNational avg.Difference
All Electricity$144.62$170.8015.3%
Phone $30.95$28.269.5%
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.
Eagle Grove, GA1494-6%
Dewy Rose, GA24494-6%
Lowndesville, SC16775-25%
Iva, SC1,10780-20%
Carlton, GA29280-20%
Elberton, GA4,49481-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bethlehem, NC4,49396-4%
Cherry Grove, OH4,49398-2%
Nowthen, MN4,49311616%
Searingtown, NY4,495218118%
Gardnertown, NY4,49813030%
Elberton, GA4,49481-19%
Source: The Elberton, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.