Thomson 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.
IndexThomsonGeorgiaNational
Cost of living index8394100
IndexThomsonGeorgiaNational
Goods & Services index9896100
Groceries index91100100
Health care index9394100
Housing index5687100
Transportation index8996100
Utilities index9097100
A general overview of the cost of living index for Thomson, GA is displayed above. In Thomson, GA, the overall cost of living index is 83, which is 12% lower than the Georgia average and 17% 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 Thomson, GA, the city's goods and services are 2% higher than the Georgia average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Thomson is 12% lower than the Georgia average.
  • The cost of living in Thomson is 17% lower than the national average.
  • The cost of housing in Thomson is 44% 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

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 Thomson, 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 Thomson, GA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Thomson, 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$46,410$3,868$1,083$1,392
Renters$16,761$1,397$391$503
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 Thomson, 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. Thomson, GA has a median income of about $46,410 for people who own homes. Based on that number, a person should spend a maximum of $1,083 on expenses related to housing. Renters have a slightly different median income, which is $16,761. Based on this average, renters should spend no more than $391 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%
When you are determining the total cost of living in Thomson, 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

ItemThomsonNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $30.00$34.6813.5%
Toothpaste $2.69$2.478.8%
Shampoo $0.99$1.023.1%
Movie $13.50$9.8736.8%
Bowling $4.99$4.3913.6%

Groceries

ItemThomsonNational avg.Difference
Ground Beef $4.07$4.489.1%
Fried Chicken $1.04$1.4629.0%
Milk $2.51$2.366.5%
Potatoes $3.08$3.060.6%
Pizza $10.00$9.248.2%
Beer $7.64$8.6311.5%

Health Care

ItemThomsonNational avg.Difference
Optometrist $99.00$99.780.8%
Doctor $94.00$105.0310.5%
Dentist $85.00$88.704.2%
Ibuprofen $9.99$9.416.1%
Lipitor $262.00$298.5012.2%

Housing

ItemThomsonNational avg.Difference
Home Price $93,500.00$175,700.0046.8%
Avg. Mortgage Payment $735.60$1,081.0332.0%
Apartment Rent $579.00$920.0037.1%

Transportation

ItemThomsonNational avg.Difference
Gasoline $1.79$2.0914.6%
Tire Balancing $44.12$45.292.6%

Utilities

ItemThomsonNational avg.Difference
All Electricity$141.37$170.8017.2%
Phone $28.39$28.260.5%
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.
Norwood, GA40378-22%
Warrenton, GA1,99478-22%
Camak, GA15681-19%
Dearing, GA59783-17%
Harlem, GA2,79587-13%
Thomson, GA6,68283-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Taylor Mill, KY6,68291-9%
Buena Vista, VA6,68389-11%
Kula, HI6,687204104%
East Rochester, NY6,68792-8%
Silsbee, TX6,67683-17%
Thomson, GA6,68283-17%
Source: The Thomson, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.