Statesboro 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.
IndexStatesboroGeorgiaNational
Cost of living index8894100
IndexStatesboroGeorgiaNational
Goods & Services index10096100
Groceries index99100100
Health care index8394100
Housing index7187100
Transportation index9796100
Utilities index8197100
Here we can see a simple outline of the cost of living in Statesboro, GA. As you can see, with the average cost of living in Statesboro, GA being 88, that puts it 6% lower than the average of Georgia and 12% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Statesboro, GA, the price of goods and services are 4% higher than the average of Georgia as well as equal to the nation's average.

Did you know?

  • The cost of living in Statesboro is 6% lower than the Georgia average.
  • The cost of living in Statesboro is 12% lower than the national average.
  • The cost of housing in Statesboro is 29% 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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Salary Calculator

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Use the salary calculator to compare your current salary in Statesboro, 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 Statesboro, GA, then you would need to earn more income in order to maintain the same standard of living. To use the Statesboro, 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$51,860$4,322$1,210$1,556
Renters$17,607$1,467$411$528
The affordability of the housing market in Statesboro, GA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Statesboro, GA homeowners, the median income is $51,860. This indicates that a monthly maximum of $1,210 should be spent by homeowners on all housing related costs. Renters have a median income of $17,607. This indicates that renters should have a maximum of $411 used for their rent related monthly costs.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Georgia4%8%

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
Georgia1%6%
When assessing the complete cost of living in Statesboro, GA, the Georgia income tax and the Georgia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Georgia maximum surtax is 8%, and the Georgia sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 6% in Georgia.

Goods & Services

ItemStatesboroNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $34.33$34.681.0%
Toothpaste $2.68$2.478.4%
Shampoo $0.97$1.025.1%
Movie $10.25$9.873.9%
Bowling $5.25$4.3919.5%

Groceries

ItemStatesboroNational avg.Difference
Ground Beef $4.79$4.487.0%
Fried Chicken $1.29$1.4611.9%
Milk $2.89$2.3622.6%
Potatoes $4.20$3.0637.2%
Pizza $8.49$9.248.1%
Beer $8.78$8.631.7%

Health Care

ItemStatesboroNational avg.Difference
Optometrist $78.67$99.7821.2%
Doctor $72.80$105.0330.7%
Dentist $69.00$88.7022.2%
Ibuprofen $9.48$9.410.7%
Lipitor $307.66$298.503.1%

Housing

ItemStatesboroNational avg.Difference
Home Price $115,500.00$175,700.0034.3%
Avg. Mortgage Payment $839.52$1,081.0322.3%
Apartment Rent $756.00$920.0017.8%

Transportation

ItemStatesboroNational avg.Difference
Gasoline $1.99$2.094.8%
Tire Balancing $45.33$45.290.1%

Utilities

ItemStatesboroNational avg.Difference
All Electricity$156.94$170.808.1%
Phone $18.79$28.2633.5%
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.
Oliver, GA32082-18%
Portal, GA77884-16%
Register, GA10285-15%
Pulaski, GA25189-11%
Brooklet, GA1,58895-5%
Statesboro, GA29,63088-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oak Park, MI29,62287-13%
Burlingame, CA29,618218118%
Fleming Island, FL29,65611212%
Clermont, FL29,5821011%
Southgate, MI29,71086-14%
Statesboro, GA29,63088-12%
Source: The Statesboro, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.