Byron, GA Cost Of Living

Byron 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.
Index	Byron	Georgia	National
Cost of living index	89	93	100
Index	Byron	Georgia	National
Goods & Services index	83	96	100
Groceries index	95	99	100
Health care index	94	96	100
Housing index	86	86	100
Transportation index	89	96	100
Utilities index	111	97	100

A general overview of the cost of living index for Byron, GA is displayed above. In Byron, GA, the overall cost of living index is 89, which is 4% lower than the Georgia average and 11% 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 Byron, GA, the city's goods and services are 13% lower than the Georgia average and 17% lower than the U.S. average.

Did you know?

The cost of living in Byron is 4% lower than the Georgia average.
The cost of living in Byron is 11% lower than the national average.
The cost of housing in Byron is 14% 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

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Byron, GA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Byron, GA, you have to earn a higher income in order to still have the same standard of living. To operate the Byron, GA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,400	$6,283	$1,759	$2,262
Renters	$26,544	$2,212	$619	$796

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 Byron, 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. Byron, GA has a median income of about $75,400 for people who own homes. Based on that number, a person should spend a maximum of $1,759 on expenses related to housing. Renters have a slightly different median income, which is $26,544. Based on this average, renters should spend no more than $619 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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%	6%

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

Item	Byron	National avg.	Difference
Haircut	$16.28	$16.09	1.2%
Beauty Salon	$20.88	$37.33	44.1%
Toothpaste	$2.00	$2.45	18.3%
Shampoo	$1.00	$1.00	0.2%
Movie	$9.58	$10.28	6.9%
Bowling	$4.01	$4.93	18.7%

Groceries

Item	Byron	National avg.	Difference
Ground Beef	$3.49	$3.80	8.1%
Fried Chicken	$1.15	$1.40	17.4%
Milk	$1.65	$2.01	18.0%
Potatoes	$2.78	$3.01	7.6%
Pizza	$10.93	$9.89	10.6%
Beer	$8.77	$8.90	1.4%

Health Care

Item	Byron	National avg.	Difference
Optometrist	$87.07	$102.16	14.8%
Doctor	$74.66	$108.36	31.1%
Dentist	$106.45	$92.53	15.0%
Ibuprofen	$8.38	$9.28	9.7%
Lipitor	$411.04	$425.82	3.5%

Housing

Item	Byron	National avg.	Difference
Home Price	$160,000.00	$184,700.00	13.4%
Avg. Mortgage Payment	$690.69	$1,202.44	42.6%
Apartment Rent	$811.00	$949.00	14.5%

Transportation

Item	Byron	National avg.	Difference
Gasoline	$2.02	$2.24	10.1%
Tire Balancing	$40.91	$46.29	11.6%

Utilities

Item	Byron	National avg.	Difference
All Electricity	$158.42	$165.96	4.5%
Phone	$37.03	$28.68	29.1%

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, State	Population	Cost of Living Index	National Avg.
Knoxville, GA	64	91	-9%
Fort Valley, GA	8,975	78	-22%
Marshallville, GA	1,493	78	-22%
Payne, GA	269	81	-19%
Macon-Bibb County, GA	153,925	84	-16%
Byron, GA	4,956	89	-11%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Bristol, WI	4,957	104	4%
Winchester, IN	4,958	74	-26%
Columbia Falls, MT	4,960	95	-5%
East Greenbush, NY	4,960	111	11%
Crystal Springs, MS	4,951	83	-17%
Byron, GA	4,956	89	-11%

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

Byron, GA Cost of Living