Folkston 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.
IndexFolkstonGeorgiaNational
Cost of living index9394100
IndexFolkstonGeorgiaNational
Goods & Services index10496100
Groceries index102100100
Health care index9094100
Housing index6987100
Transportation index10496100
Utilities index10697100
Displayed above is a general overview of the Folkston, GA cost of living index. The overall cost of living index in Folkston, GA is 93, which is 1% lower than the Georgia average and 7% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Folkston, GA are 8% higher than the Georgia average and 4% higher than the national average.

Did you know?

  • The cost of living in Folkston is 1% lower than the Georgia average.
  • The cost of living in Folkston is 7% lower than the national average.
  • The cost of housing in Folkston is 31% 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 Folkston, 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 income in Folkston, GA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Folkston, GA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Folkston, GA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,456$4,455$1,247$1,604
Renters$15,966$1,331$373$479
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 Folkston, 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. Folkston, GA has a median income of about $53,456 for people who own homes. Based on that number, a person should spend a maximum of $1,247 on expenses related to housing. Renters have a slightly different median income, which is $15,966. Based on this average, renters should spend no more than $373 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%
The Georgia sales tax and Georgia income tax rates should definitely be considered when determining the overall cost of living in Folkston, GA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Georgia sales tax is 4% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Georgia income tax rates range from 1% to 6%.

Goods & Services

ItemFolkstonNational avg.Difference
Haircut $13.80$14.595.4%
Beauty Salon $55.40$34.6859.7%
Toothpaste $2.94$2.4718.9%
Shampoo $0.95$1.027.0%
Movie $10.86$9.8710.1%
Bowling $4.89$4.3911.3%

Groceries

ItemFolkstonNational avg.Difference
Ground Beef $4.60$4.482.8%
Fried Chicken $1.58$1.467.9%
Milk $2.66$2.3612.9%
Potatoes $3.99$3.0630.3%
Pizza $8.49$9.248.1%
Beer $8.81$8.632.1%

Health Care

ItemFolkstonNational avg.Difference
Optometrist $80.80$99.7819.0%
Doctor $73.00$105.0330.5%
Dentist $88.60$88.700.1%
Ibuprofen $9.15$9.412.8%
Lipitor $289.99$298.502.9%

Housing

ItemFolkstonNational avg.Difference
Home Price $115,900.00$175,700.0034.0%
Avg. Mortgage Payment $878.25$1,081.0318.8%
Apartment Rent $703.00$920.0023.6%

Transportation

ItemFolkstonNational avg.Difference
Gasoline $2.13$2.091.6%
Tire Balancing $50.33$45.2911.1%

Utilities

ItemFolkstonNational avg.Difference
All Electricity$169.75$170.800.6%
Phone $32.76$28.2615.9%
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.
Homeland, GA1,14185-15%
Hilliard, FL3,11294-6%
Folkston, GA5,23393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Daleville, AL5,23382-18%
Springfield, MI5,23177-23%
Ironwood, MI5,23777-23%
Tucumcari, NM5,23776-24%
Homer, AK5,22912525%
Folkston, GA5,23393-7%
Source: The Folkston, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.