Fair Oaks 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.
IndexFair OaksGeorgiaNational
Cost of living index8894100
IndexFair OaksGeorgiaNational
Goods & Services index10099100
Groceries index10199100
Health care index10099100
Housing index6387100
Transportation index9493100
Utilities index10195100
The above illustration supplies generalized information for the Fair Oaks, GA cost of living index. Compared to other cities in Georgia and cities across the country, the cost of living index in Fair Oaks, GA is 88, which is 6% lower than the Georgia average and 12% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Fair Oaks, GA are 1% higher than the average for Georgia and equal to the rest of the country.

Did you know?

  • The cost of living in Fair Oaks is 6% lower than the Georgia average.
  • The cost of living in Fair Oaks is 12% lower than the national average.
  • The cost of housing in Fair Oaks is 37% 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 Fair Oaks, 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 meant to help you compare your salary in Fair Oaks, GA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Fair Oaks, GA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Fair Oaks, GA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,669$3,722$1,042$1,340
Renters$24,289$2,024$567$729
The affordability of the housing market in Fair Oaks, GA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Fair Oaks, GA homeowners, the median income is $44,669. This indicates that a monthly maximum of $1,042 should be spent by homeowners on all housing related costs. Renters have a median income of $24,289. This indicates that renters should have a maximum of $567 used for their rent related monthly costs.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Georgia4%8%

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
Georgia1%6%
When considering the overall cost of living expenses in Fair Oaks, GA, it's important to take into account the sales tax for Georgia, as well as the rate for income tax in Georgia. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Georgia is 8%, and the sales tax in the state of Georgia is 4%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Georgia starts from 1% and goes up to 6%.

Goods & Services

ItemFair OaksNational 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

ItemFair OaksNational 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

ItemFair OaksNational 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

ItemFair OaksNational avg.Difference
Home Price $94,700.00$175,700.0046.1%
Avg. Mortgage Payment $971.53$1,133.2314.3%
Apartment Rent $761.00$920.0017.3%

Transportation

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

Utilities

ItemFair OaksNational 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.
Lithia Springs, GA16,38489-11%
Austell, GA6,94491-9%
Gresham Park, GA7,94794-6%
Emerson, GA1,39792-8%
Hiram, GA3,62893-7%
Fair Oaks, GA8,53388-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Riverdale, UT8,53293-7%
Franklin, VA8,534100-0%
Westwego, LA8,53190-10%
Marathon, FL8,52912121%
Chillicothe, MO8,52885-15%
Fair Oaks, GA8,53388-12%
Source: The Fair Oaks, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.