Cost Of Living In Fairburn, GA

Fairburn 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.
Index	Fairburn	Georgia	National
Cost of living index	92	94	100
Index	Fairburn	Georgia	National
Goods & Services index	104	99	100
Groceries index	102	99	100
Health care index	105	99	100
Housing index	77	87	100
Transportation index	91	93	100
Utilities index	83	95	100

A general summary of the cost of living index in Fairburn, GA is shown above. Compared to the state average of Georgia the cost of living index in Fairburn, GA is 92, which is 2% lower than the average in Georgia and compared to the national average it is 8% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Fairburn, GA goods and services come in at 5% higher than the average in Georgia and are 4% higher than compared to the nationwide average.

Did you know?

The cost of living in Fairburn is 2% lower than the Georgia average.
The cost of living in Fairburn is 8% lower than the national average.
The cost of housing in Fairburn is 23% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current salary in Fairburn, 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 Fairburn, GA, then you would need to earn more income in order to maintain the same standard of living. To use the Fairburn, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$60,849	$5,071	$1,420	$1,826
Renters	$32,899	$2,742	$768	$987

The affordability of the housing market in Fairburn, 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 Fairburn, GA homeowners, the median income is $60,849. This indicates that a monthly maximum of $1,420 should be spent by homeowners on all housing related costs. Renters have a median income of $32,899. This indicates that renters should have a maximum of $768 used for their rent related monthly costs.

Georgia Sales Tax

State	General Sales Tax	With Max Surtax
Georgia	4%	8%

Georgia Income Tax

State	Income Tax (Low)	Income Tax (High)
Georgia	1%	6%

For those who live in Fairburn, 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

Item	Fairburn	National avg.	Difference
Haircut	$13.96	$15.56	10.3%
Beauty Salon	$39.94	$36.11	10.6%
Toothpaste	$1.52	$2.47	38.5%
Shampoo	$0.94	$0.96	2.1%
Movie	$13.47	$10.13	33.0%
Bowling	$4.54	$4.74	4.1%

Groceries

Item	Fairburn	National avg.	Difference
Ground Beef	$3.94	$3.98	1.0%
Fried Chicken	$1.23	$1.41	12.5%
Milk	$1.95	$2.06	5.3%
Potatoes	$4.02	$2.98	34.6%
Pizza	$8.01	$9.47	15.5%
Beer	$9.13	$8.79	3.8%

Health Care

Item	Fairburn	National avg.	Difference
Optometrist	$94.87	$101.04	6.1%
Doctor	$136.66	$107.44	27.2%
Dentist	$88.32	$90.42	2.3%
Ibuprofen	$7.61	$9.28	18.0%
Lipitor	$442.94	$426.50	3.9%

Housing

Item	Fairburn	National avg.	Difference
Home Price	$120,500.00	$175,700.00	31.4%
Avg. Mortgage Payment	$775.01	$1,133.23	31.6%
Apartment Rent	$884.00	$920.00	3.9%

Transportation

Item	Fairburn	National avg.	Difference
Gasoline	$1.99	$1.99	0.4%
Tire Balancing	$32.62	$45.76	28.7%

Utilities

Item	Fairburn	National avg.	Difference
All Electricity	$129.08	$163.81	21.2%
Phone	$25.46	$28.39	10.3%

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, State	Population	Cost of Living Index	National Avg.
Forest Park, GA	18,783	87	-13%
Conley, GA	5,679	87	-13%
Jonesboro, GA	4,661	86	-14%
Bonanza, GA	3,483	88	-12%
Riverdale, GA	15,496	88	-12%
Fairburn, GA	13,520	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Brainerd, MN	13,521	91	-9%
Ephrata, PA	13,529	97	-3%
Hot Springs Village, AR	13,510	101	1%
Stanford, CA	13,506	476	376%
La Homa, TX	13,535	69	-31%
Fairburn, GA	13,520	92	-8%

Source: The Fairburn, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Fairburn, GA Cost of Living