Richmond Hill 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.
IndexRichmond HillGeorgiaNational
Cost of living index10494100
IndexRichmond HillGeorgiaNational
Goods & Services index10196100
Groceries index99100100
Health care index10094100
Housing index11187100
Transportation index10096100
Utilities index10897100
An overview of the general cost of living index for Richmond Hill, GA is displayed above for your reference. Residents in Richmond Hill, GA enjoy a cost of living index of 104. This index is 11% higher than the Georgia average, and 4% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Richmond Hill, GA, the average cost of goods and services is 4% higher than it is in Georgia, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Richmond Hill is 11% higher than the Georgia average.
  • The cost of living in Richmond Hill is 4% higher than the national average.
  • The cost of housing in Richmond Hill is 11% higher 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 Richmond Hill, GA Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Richmond Hill, 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 Richmond Hill, GA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Richmond Hill, 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$80,457$6,705$1,877$2,414
Renters$39,960$3,330$932$1,199
One can approximate the cost of living and the housing affordability in Richmond Hill, 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 Richmond Hill, GA have a median income of $80,457. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,877 per month to avoid calamity and poverty. The renters in the city have an income of about $39,960, which would make their monthly maximum allowable rental costs $932.

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 Richmond Hill, 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

ItemRichmond HillNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $35.83$34.683.3%
Toothpaste $2.22$2.4710.2%
Shampoo $0.86$1.0215.9%
Movie $10.20$9.873.4%
Bowling $4.07$4.397.3%

Groceries

ItemRichmond HillNational avg.Difference
Ground Beef $4.98$4.4811.2%
Fried Chicken $1.34$1.468.5%
Milk $2.70$2.3614.6%
Potatoes $3.34$3.069.1%
Pizza $8.50$9.248.0%
Beer $8.78$8.631.7%

Health Care

ItemRichmond HillNational avg.Difference
Optometrist $73.40$99.7826.4%
Doctor $115.33$105.039.8%
Dentist $83.60$88.705.8%
Ibuprofen $8.43$9.4110.4%
Lipitor $318.09$298.506.6%

Housing

ItemRichmond HillNational avg.Difference
Home Price $185,500.00$175,700.005.6%
Avg. Mortgage Payment $677.37$1,081.0337.3%
Apartment Rent $1,145.00$920.0024.5%

Transportation

ItemRichmond HillNational avg.Difference
Gasoline $2.00$2.094.6%
Tire Balancing $51.51$45.2913.7%

Utilities

ItemRichmond HillNational avg.Difference
All Electricity$156.94$170.808.1%
Phone $37.04$28.2631.1%
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.
Riceboro, GA84887-13%
Garden City, GA8,92490-10%
Bloomingdale, GA2,72497-3%
Savannah, GA141,29897-3%
Midway, GA2,14197-3%
Richmond Hill, GA10,3341044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Montgomery, OH10,33211717%
Alpena, MI10,33683-17%
Tamalpais-Homestead Valley, CA10,331219119%
Kendall Park, NJ10,33113232%
Gages Lake, IL10,33011111%
Richmond Hill, GA10,3341044%
Source: The Richmond Hill, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.