A+
13%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
33%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Tifton Georgia National
Cost of living8793100
Goods & Services9797100
Groceries9698100
Health care98100100
Housing6786100
Transportation9394100
Utilities9086100

An Overview of Cost of Living in Tifton, GA

Knowing the cost of living in Tifton allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Tifton stands at 87, marking it 13% lower than the national average.

Is Tifton Affordable?

Is Tifton an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Tifton, the median home price is 34.9% lower than what most folks pay across the country, and monthly rent prices are 29.2% lower than the usual rates. Income levels in Tifton come in at $36,807, which is 33.5% lower than the national average.

What Factors can Influence the Cost of Living in Tifton?

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Tifton, the groceries index is 4.3% lower than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Tifton, the general sales tax rate starts at 4%, and income tax rates begin at 1%.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Where is the Data From?

The Tifton cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Tifton is 6% lower than the Georgia average
  • The cost of living in Tifton is 13% lower than the national average
  • Tifton housing is 33% lower than the national average
  • Georgia general sales tax is 22% lower than the national average
  • Georgia state income tax is 56% lower than the national average

Most Affordable Places to Live in and Around Tifton

See all the best places to live around Tifton

Compare Tifton, GA Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$57,415$4,785$1,340$1,723
      Renters$26,484$2,207$618$795
      To approximate the cost of living and the housing affordability in Tifton, GA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Tifton have a median income of $57,415. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,340 per month to avoid calamity and poverty. The renters in the city have an income of about $26,484, which would make their monthly maximum allowable rental costs $618.

      Georgia Sales Tax

      State General Sales Tax With Max Surtax
      Georgia 4% 8%

      Georgia Income Tax

      State Income Tax (Low) Income Tax (High)
      Georgia 1% 5.75%

      Goods & Services

      Item Tifton National avg. Difference
      Haircut $19.97$24.2617.7%
      Beauty Salon $52.72$45.5615.7%
      Toothpaste $3.70$3.700.0%
      Shampoo $1.01$1.2820.9%
      Movie $12.00$12.131.1%
      Bowling $10.00$18.0044.4%

      Groceries

      Item Tifton National avg. Difference
      Ground Beef $6.00$5.842.7%
      Fried Chicken $1.43$1.579.3%
      Milk $4.49$4.673.9%
      Potatoes $5.52$4.9311.9%
      Pizza $12.16$12.090.6%
      Beer $9.84$10.415.5%

      Health Care

      Item Tifton National avg. Difference
      Optometrist $120.50$125.684.1%
      Doctor $118.67$135.7812.6%
      Dentist $115.95$113.292.3%
      Ibuprofen $10.04$10.655.8%
      Lipitor $530.12$468.6013.1%

      Housing

      Item Tifton National avg. Difference
      Home Price $120,200.00$184,700.0034.9%
      Avg. Mortgage Payment $1,961.97$2,346.6916.4%
      Apartment Rent $672.00$949.0029.2%

      Transportation

      Item Tifton National avg. Difference
      Gasoline $3.28$3.465.3%
      Tire Balancing $53.83$59.9210.2%

      Utilities

      Item Tifton National avg. Difference
      All Electricity $164.25$193.9915.3%
      Phone $190.47$192.250.9%
      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 Population Cost of Living Index National Avg.
      Unionville, GA1,7077623.7%
      Sycamore, GA1,2067921.1%
      Omega, GA1,2317920.6%
      Lenox, GA6708020.3%
      Ty Ty, GA7108119.4%
      Tifton, GA17,1898713.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sevierville, TN17,185963.6%
      Avenel, NJ17,17512019.7%
      Palos Hills, IL17,1721066.3%
      Vero Beach, FL17,1631087.5%
      Massapequa Park, NY17,15215958.6%
      Tifton, GA17,1898713.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.