Panthersville 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.
IndexPanthersvilleGeorgiaNational
Cost of living index9094100
IndexPanthersvilleGeorgiaNational
Goods & Services index10296100
Groceries index107100100
Health care index10394100
Housing index6187100
Transportation index10996100
Utilities index9197100
A general summary of the cost of living index in Panthersville, GA is shown above. Compared to the state average of Georgia the cost of living index in Panthersville, GA is 90, which is 4% lower than the average in Georgia and compared to the national average it is 10% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Panthersville, GA goods and services come in at 6% higher than the average in Georgia and are 2% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Panthersville is 4% lower than the Georgia average.
  • The cost of living in Panthersville is 10% lower than the national average.
  • The cost of housing in Panthersville is 39% 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 Panthersville, GA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Panthersville, GA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Panthersville, GA, you have to earn a higher income in order to still have the same standard of living. To operate the Panthersville, GA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,563$4,297$1,203$1,547
Renters$22,630$1,886$528$679
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 Panthersville, 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. Panthersville, GA has a median income of about $51,563 for people who own homes. Based on that number, a person should spend a maximum of $1,203 on expenses related to housing. Renters have a slightly different median income, which is $22,630. Based on this average, renters should spend no more than $528 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 Panthersville, 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

ItemPanthersvilleNational 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

ItemPanthersvilleNational 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

ItemPanthersvilleNational 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

ItemPanthersvilleNational avg.Difference
Home Price $85,400.00$175,700.0051.4%
Avg. Mortgage Payment $1,027.50$1,081.035.0%
Apartment Rent $816.00$920.0011.3%

Transportation

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

Utilities

ItemPanthersvilleNational 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.
Lakeview Estates, GA2,42782-18%
Forest Park, GA18,78387-13%
Conley, GA5,67987-13%
Lithonia, GA1,97588-12%
Jonesboro, GA4,66189-11%
Panthersville, GA9,47490-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Orange Cove, CA9,47395-5%
Rensselaer, NY9,4761033%
Bethel, CT9,47113131%
Corte Madera, CA9,478209109%
Pryor Creek, OK9,47982-18%
Panthersville, GA9,47490-10%
Source: The Panthersville, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.