A+
10%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Griffin Georgia National
Cost of living9093100
Goods & Services10097100
Groceries10198100
Health care109100100
Housing7186100
Transportation9994100
Utilities8186100

An Overview of Cost of Living in Griffin, GA

Understanding the cost of living in Griffin can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Griffin cost of living index is 90, which is 10% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Is Griffin Affordable?

Is Griffin an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Griffin is 37.1% lower than the national average, while the average monthly rent prices are 9.6% lower than average. The affordability of any location can also be influenced by median income levels. Griffin has a median household income of $37,178, which is 32.8% lower than the national average.

What Factors can Influence the Cost of Living in Griffin?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Griffin, the groceries index registers 1.3% higher than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Griffin, the transportation index is 0.6% lower than the national average.

Where is the Data From?

The Griffin cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Griffin is 3% lower than the Georgia average
  • The cost of living in Griffin is 10% lower than the national average
  • Griffin housing is 29% lower than the national average
  • Georgia general sales tax is 22% lower than the national average
  • Georgia state income tax is 56% lower than the national average

Most Affordable Places to Live in and Around Griffin

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Compare Griffin, GA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$62,831$5,236$1,466$1,885
      Renters$28,781$2,398$672$864
      A good way to judge both the affordability of the housing and the cost of living in Griffin is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Griffin has a median income of about $62,831 for people who own homes. Based on that number, a maximum of $1,466 should be spent on expenses related to housing. Renters have a slightly different median income, which is $28,781. Based on this average, renters should spend no more than $672 on all rental costs if they want to maintain a non-impoverished standard of living.

      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% 5.75%

      Goods & Services

      Item Griffin National avg. Difference
      Haircut $27.25$24.2612.3%
      Beauty Salon $56.36$45.5623.7%
      Toothpaste $3.74$3.700.9%
      Shampoo $1.33$1.283.9%
      Movie $15.20$12.1325.3%
      Bowling $20.98$18.0016.5%

      Groceries

      Item Griffin National avg. Difference
      Ground Beef $5.25$5.8410.1%
      Fried Chicken $1.61$1.572.1%
      Milk $4.69$4.670.4%
      Potatoes $5.32$4.937.9%
      Pizza $11.36$12.096.0%
      Beer $10.39$10.410.2%

      Health Care

      Item Griffin National avg. Difference
      Optometrist $129.73$125.683.2%
      Doctor $128.57$135.785.3%
      Dentist $144.73$113.2927.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $495.22$468.605.7%

      Housing

      Item Griffin National avg. Difference
      Home Price $116,100.00$184,700.0037.1%
      Avg. Mortgage Payment $2,292.55$2,346.692.3%
      Apartment Rent $858.00$949.009.6%

      Transportation

      Item Griffin National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $69.77$59.9216.4%

      Utilities

      Item Griffin National avg. Difference
      All Electricity $134.81$193.9930.5%
      Phone $191.28$192.250.5%
      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 Population Cost of Living Index National Avg.
      Hilltop, GA101982.2%
      East Griffin, GA1,3538316.7%
      Experiment, GA2,9158416.2%
      Orchard Hill, GA2428415.7%
      Sunny Side, GA2138515.3%
      Griffin, GA22,7249010.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Machesney Park, IL22,7098910.7%
      Roselle, IL22,74411616.3%
      Kihei, HI22,74917776.8%
      West Carson, CA22,69715251.9%
      Winchester, MA22,760213113.1%
      Griffin, GA22,7249010.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.