Tifton 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.
IndexTiftonGeorgiaNational
Cost of living index9094100
IndexTiftonGeorgiaNational
Goods & Services index9499100
Groceries index10399100
Health care index10599100
Housing index7287100
Transportation index10493100
Utilities index9595100
The above illustration supplies generalized information for the Tifton, GA cost of living index. Compared to other cities in Georgia and cities across the country, the cost of living index in Tifton, GA is 90, which is 5% lower than the Georgia average and 10% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Tifton, GA are 5% lower than the average for Georgia and 6% lower than the rest of the country.

Did you know?

  • The cost of living in Tifton is 5% lower than the Georgia average.
  • The cost of living in Tifton is 10% lower than the national average.
  • The cost of housing in Tifton is 28% 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.

Find Real Estate Listings In Tifton

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Tifton

Compare Tifton, GA Cost of living To Other Cities

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 Tifton, 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 Tifton, GA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Tifton, 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$57,275$4,773$1,336$1,718
Renters$19,835$1,653$463$595
One can approximate the cost of living and the housing affordability in Tifton, 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 Tifton, GA have a median income of $57,275. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,336 per month to avoid calamity and poverty. The renters in the city have an income of about $19,835, which would make their monthly maximum allowable rental costs $463.

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 Tifton, 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

ItemTiftonNational avg.Difference
Haircut $15.00$15.563.6%
Beauty Salon $26.00$36.1128.0%
Toothpaste $2.44$2.471.4%
Shampoo $0.95$0.961.6%
Movie $10.43$10.133.0%
Bowling $4.16$4.7412.1%

Groceries

ItemTiftonNational avg.Difference
Ground Beef $4.06$3.981.9%
Fried Chicken $1.43$1.411.4%
Milk $2.23$2.067.9%
Potatoes $3.20$2.987.2%
Pizza $7.99$9.4715.7%
Beer $8.98$8.792.2%

Health Care

ItemTiftonNational avg.Difference
Optometrist $95.00$101.046.0%
Doctor $97.50$107.449.3%
Dentist $103.33$90.4214.3%
Ibuprofen $10.26$9.2810.6%
Lipitor $446.03$426.504.6%

Housing

ItemTiftonNational avg.Difference
Home Price $131,200.00$175,700.0025.3%
Avg. Mortgage Payment $793.51$1,133.2330.0%
Apartment Rent $590.00$920.0035.9%

Transportation

ItemTiftonNational avg.Difference
Gasoline $1.90$1.994.8%
Tire Balancing $56.56$45.7623.6%

Utilities

ItemTiftonNational avg.Difference
All Electricity$167.14$163.812.0%
Phone $24.78$28.3912.7%
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.
Omega, GA1,34676-24%
Unionville, GA1,22678-22%
Enigma, GA1,05280-20%
Sycamore, GA70381-19%
Norman Park, GA1,36382-18%
Tifton, GA16,58990-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mineral Wells, TX16,59389-11%
Springfield, TN16,59892-8%
Wolf Trap, VA16,57719393%
White Settlement, TX16,57190-10%
Pecan Grove, TX16,6191000%
Tifton, GA16,58990-10%
Source: The Tifton, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.