Brunswick cost of living index

The above illustration supplies generalized information for the Brunswick, GA cost of living index. Compared to other cities in Georgia and cities across the country, the cost of living index in Brunswick, GA is 85, which is 9% lower than the Georgia average and 15% 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 Brunswick, GA are 2% higher than the average for Georgia and 2% lower than the rest of the country.

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Salary Calculator

The salary calculator is meant to help you compare your salary in Brunswick, GA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Brunswick, GA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Brunswick, GA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

One can approximate the cost of living and the housing affordability in Brunswick, 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 Brunswick, GA have a median income of $40,982. Therefore, the amount that a consumer should spend on housing costs should be no more than $956 per month to avoid calamity and poverty. The renters in the city have an income of about $19,473, which would make their monthly maximum allowable rental costs $454.

Georgia Sales Tax

Georgia Income Tax

The Georgia sales tax and Georgia income tax rates should definitely be considered when determining the overall cost of living in Brunswick, 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

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Brunswick, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.