McRae 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.
Cost of living index7894100
Goods & Services index9199100
Groceries index9199100
Health care index8399100
Housing index4887100
Transportation index8493100
Utilities index9995100
A general overview of the cost of living index for McRae, GA is displayed above. In McRae, GA, the overall cost of living index is 78, which is 18% lower than the Georgia average and 22% 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 McRae, GA, the city's goods and services are 7% lower than the Georgia average and 9% lower than the U.S. average.

Did you know?

  • The cost of living in McRae is 18% lower than the Georgia average.
  • The cost of living in McRae is 22% lower than the national average.
  • The cost of housing in McRae is 52% 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 McRae, 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 is meant to help you compare your salary in McRae, GA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in McRae, GA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the McRae, GA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in McRae, GA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in McRae, GA have a median income of $38,110. Therefore, the amount that a consumer should spend on housing costs should be no more than $889 per month to avoid calamity and poverty. The renters in the city have an income of about $21,016, which would make their monthly maximum allowable rental costs $490.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in McRae, GA you will want to make sure you consider both the Georgia sales tax and the Georgia income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Georgia is 4%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Georgia have a range from 1% to 6%.

Goods & Services

ItemMcRaeNational avg.Difference
Haircut $16.46$15.565.8%
Beauty Salon $33.50$36.117.2%
Toothpaste $1.80$2.4727.3%
Shampoo $0.95$0.961.9%
Movie $10.50$10.133.7%
Bowling $5.20$4.749.9%


ItemMcRaeNational avg.Difference
Ground Beef $3.93$3.981.4%
Fried Chicken $1.18$1.4116.5%
Milk $1.89$2.068.6%
Potatoes $3.05$2.982.3%
Pizza $7.20$9.4724.0%
Beer $8.90$8.791.2%

Health Care

ItemMcRaeNational avg.Difference
Optometrist $78.67$101.0422.1%
Doctor $72.83$107.4432.2%
Dentist $74.50$90.4217.6%
Ibuprofen $8.66$9.286.6%
Lipitor $420.28$426.501.5%


ItemMcRaeNational avg.Difference
Home Price $74,500.00$175,700.0057.6%
Avg. Mortgage Payment $839.43$1,133.2325.9%
Apartment Rent $550.00$920.0040.2%


ItemMcRaeNational avg.Difference
Gasoline $1.82$1.998.8%
Tire Balancing $30.55$45.7633.2%


ItemMcRaeNational avg.Difference
All Electricity$159.63$163.812.6%
Phone $28.72$28.391.2%
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.
Scotland, GA24871-29%
Helena, GA2,94073-27%
Lumber City, GA89474-26%
Chauncey, GA36879-21%
Alamo, GA4,70175-25%
McRae, GA5,76278-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gardnerville, NV5,76111111%
Belmar, NJ5,76016868%
Belding, MI5,76481-19%
Battlefield, MO5,75989-11%
Lucerne Valley, CA5,76797-3%
McRae, GA5,76278-22%
Source: The McRae, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.