Wilmington Island 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.
IndexWilmington IslandGeorgiaNational
Cost of living index10894100
IndexWilmington IslandGeorgiaNational
Goods & Services index10099100
Groceries index9299100
Health care index9699100
Housing index12987100
Transportation index9893100
Utilities index11195100
A general summary of the cost of living index in Wilmington Island, GA is shown above. Compared to the state average of Georgia the cost of living index in Wilmington Island, GA is 108, which is 15% higher than the average in Georgia and compared to the national average it is 8% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Wilmington Island, GA goods and services come in at 2% higher than the average in Georgia and are equal to compared to the nationwide average.

Did you know?

  • The cost of living in Wilmington Island is 15% higher than the Georgia average.
  • The cost of living in Wilmington Island is 8% higher than the national average.
  • The cost of housing in Wilmington Island is 29% 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 Wilmington Island, GA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Wilmington Island, GA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Wilmington Island, GA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Wilmington Island, GA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,991$6,833$1,913$2,460
Renters$48,649$4,054$1,135$1,460
If you want to find a good determining factor for the cost of living and the general affordability of housing in Wilmington Island, GA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Wilmington Island, GA, the median monthly income is $81,991 for those who own their own homes. Under the standard rule, that income level would allow for $1,913 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,649, per the median income in the area. That would allow for renters to spend up to $1,135 on monthly rental expenses.

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 Wilmington Island, 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

ItemWilmington IslandNational avg.Difference
Haircut $14.89$15.564.3%
Beauty Salon $30.95$36.1114.3%
Toothpaste $1.87$2.4724.4%
Shampoo $0.83$0.9614.3%
Movie $10.40$10.132.7%
Bowling $6.48$4.7436.8%

Groceries

ItemWilmington IslandNational avg.Difference
Ground Beef $3.55$3.9810.8%
Fried Chicken $1.23$1.4112.3%
Milk $2.02$2.062.0%
Potatoes $3.20$2.987.2%
Pizza $8.80$9.477.1%
Beer $8.95$8.791.8%

Health Care

ItemWilmington IslandNational avg.Difference
Optometrist $76.53$101.0424.3%
Doctor $110.38$107.442.7%
Dentist $82.01$90.429.3%
Ibuprofen $8.35$9.2810.0%
Lipitor $446.25$426.504.6%

Housing

ItemWilmington IslandNational avg.Difference
Home Price $230,800.00$175,700.0031.4%
Avg. Mortgage Payment $695.90$1,133.2338.6%
Apartment Rent $1,121.00$920.0021.8%

Transportation

ItemWilmington IslandNational avg.Difference
Gasoline $1.92$1.993.6%
Tire Balancing $46.20$45.761.0%

Utilities

ItemWilmington IslandNational avg.Difference
All Electricity$157.53$163.813.8%
Phone $37.18$28.3931.0%
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.
Garden City, GA8,92489-11%
Savannah, GA141,29895-5%
Thunderbolt, GA2,57697-3%
Port Wentworth, GA6,18997-3%
Montgomery, GA4,56099-1%
Wilmington Island, GA15,3381088%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bryn Mawr-Skyway, WA15,33913535%
Kenmore, NY15,33484-16%
East Rancho Dominguez, CA15,34311818%
Hereford, TX15,33079-21%
Henderson, NC15,32586-14%
Wilmington Island, GA15,3381088%
Source: The Wilmington Island, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.