LaFayette 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.
IndexLaFayetteGeorgiaNational
Cost of living index8394100
IndexLaFayetteGeorgiaNational
Goods & Services index9296100
Groceries index98100100
Health care index9594100
Housing index5387100
Transportation index9396100
Utilities index10997100
The above illustration supplies generalized information for the LaFayette, GA cost of living index. Compared to other cities in Georgia and cities across the country, the cost of living index in LaFayette, GA is 83, which is 12% lower than the Georgia average and 17% 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 LaFayette, GA are 5% lower than the average for Georgia and 8% lower than the rest of the country.

Did you know?

  • The cost of living in LaFayette is 12% lower than the Georgia average.
  • The cost of living in LaFayette is 17% lower than the national average.
  • The cost of housing in LaFayette is 47% 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 LaFayette, 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
The salary calculator allows you to compare how much your current salary in LaFayette, GA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than LaFayette, GA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The LaFayette, GA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$41,354$3,446$965$1,241
Renters$20,582$1,715$480$618
How much of your monthly income goes to housing can tell you whether or not you can afford housing in LaFayette, GA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In LaFayette, GA homeowners have a median income of $41,354. Using that number, you will come up with a maximum of $965 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,582, which means there is a maximum of $480 to be spent on the costs of renting a home or apartment.

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 LaFayette, 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

ItemLaFayetteNational avg.Difference
Haircut $11.67$14.5920.0%
Beauty Salon $26.67$34.6823.1%
Toothpaste $3.75$2.4751.6%
Shampoo $0.89$1.0212.9%
Movie $10.25$9.873.9%
Bowling $5.84$4.3933.0%

Groceries

ItemLaFayetteNational avg.Difference
Ground Beef $5.11$4.4814.1%
Fried Chicken $1.32$1.469.8%
Milk $2.22$2.365.8%
Potatoes $3.16$3.063.2%
Pizza $8.34$9.249.8%
Beer $7.92$8.638.3%

Health Care

ItemLaFayetteNational avg.Difference
Optometrist $87.67$99.7812.1%
Doctor $86.33$105.0317.8%
Dentist $82.00$88.707.6%
Ibuprofen $13.47$9.4143.1%
Lipitor $293.20$298.501.8%

Housing

ItemLaFayetteNational avg.Difference
Home Price $85,200.00$175,700.0051.5%
Avg. Mortgage Payment $821.47$1,081.0324.0%
Apartment Rent $574.00$920.0037.6%

Transportation

ItemLaFayetteNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $39.00$45.2913.9%

Utilities

ItemLaFayetteNational avg.Difference
All Electricity$186.23$170.809.0%
Phone $30.99$28.269.7%
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.
Trion, GA2,12481-19%
Chattanooga Valley, GA3,84887-13%
Trenton, GA1,98888-12%
Tunnel Hill, GA98687-13%
Ringgold, GA3,64788-12%
LaFayette, GA7,10583-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hiawatha, IA7,10990-10%
Celebration, FL7,11113030%
Lexington, VA7,1141066%
Huron, OH7,09589-11%
Milton-Freewater, OR7,09483-17%
LaFayette, GA7,10583-17%
Source: The LaFayette, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.