Griffin 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.
IndexGriffinGeorgiaNational
Cost of living index9394100
IndexGriffinGeorgiaNational
Goods & Services index10296100
Groceries index107100100
Health care index10394100
Housing index7087100
Transportation index10996100
Utilities index9197100
A general overview of the cost of living index for Griffin, GA is displayed above. In Griffin, GA, the overall cost of living index is 93, which is 1% lower than the Georgia average and 7% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Griffin, GA, the city's goods and services are 6% higher than the Georgia average and 2% higher than the U.S. average.

Did you know?

  • The cost of living in Griffin is 1% lower than the Georgia average.
  • The cost of living in Griffin is 7% lower than the national average.
  • The cost of housing in Griffin is 30% 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.

Find Real Estate Listings In Griffin

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Griffin

Compare Griffin, GA Cost of living To Other Cities

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
Use the salary calculator to compare your current salary in Griffin, 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 Griffin, GA, then you would need to earn more income in order to maintain the same standard of living. To use the Griffin, 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$57,849$4,821$1,350$1,736
Renters$19,934$1,661$465$598
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 Griffin, 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. Griffin, GA has a median income of about $57,849 for people who own homes. Based on that number, a person should spend a maximum of $1,350 on expenses related to housing. Renters have a slightly different median income, which is $19,934. Based on this average, renters should spend no more than $465 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%
For those who live in Griffin, 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

ItemGriffinNational avg.Difference
Haircut $17.70$14.5921.3%
Beauty Salon $43.70$34.6826.0%
Toothpaste $2.57$2.473.9%
Shampoo $0.75$1.0226.6%
Movie $12.24$9.8724.0%
Bowling $5.21$4.3918.6%

Groceries

ItemGriffinNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.54$1.465.2%
Milk $2.42$2.362.7%
Potatoes $3.74$3.0622.2%
Pizza $8.09$9.2412.5%
Beer $8.97$8.633.9%

Health Care

ItemGriffinNational avg.Difference
Optometrist $88.57$99.7811.2%
Doctor $96.50$105.038.1%
Dentist $105.50$88.7018.9%
Ibuprofen $6.29$9.4133.2%
Lipitor $324.65$298.508.8%

Housing

ItemGriffinNational avg.Difference
Home Price $112,900.00$175,700.0035.7%
Avg. Mortgage Payment $1,027.50$1,081.035.0%
Apartment Rent $777.00$920.0015.5%

Transportation

ItemGriffinNational avg.Difference
Gasoline $2.25$2.097.8%
Tire Balancing $51.19$45.2913.0%

Utilities

ItemGriffinNational avg.Difference
All Electricity$146.37$170.8014.3%
Phone $27.94$28.261.1%
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.
Orchard Hill, GA19382-18%
Hilltop, GA43986-14%
Sunny Side, GA8787-13%
Zebulon, GA1,52289-11%
Experiment, GA2,24189-11%
Griffin, GA23,42593-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Morton Grove, IL23,42412323%
Highland, IN23,4291022%
Chantilly, VA23,43113838%
Derby, KS23,41995-5%
Blue Island, IL23,45397-3%
Griffin, GA23,42593-7%
Source: The Griffin, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.