| Index | Carrollton | Georgia | National |
| Cost of living | 98 | 96 | 100 |
| Groceries | 97 | 99 | 100 |
| Health care | 101 | 99 | 100 |
| Housing | 96 | 88 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 103 | 102 | 100 |
| Lifestyle & Entertainment | 98 | 100 | 100 |
| Household Items | 97 | 100 | 100 |
| Education & Childcare | 94 | 99 | 100 |
Understanding the cost of living in Carrollton can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Carrollton cost of living index is 98, which is 2% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Carrollton aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Carrollton residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Carrollton affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Carrollton, for instance, where the median home price falls 0.4% lower than the national average, and monthly rent rates are 12% lower than usual. Additionally, median income levels contribute to the equation, with Carrollton flaunting a median household income of $65,769, 19.1% lower than the national norm.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Carrollton, the groceries index is 2.8% lower than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Carrollton, the standard sales tax rate starts at 4%, and the income tax rates commence at 1%.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
The Carrollton cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $126,485 | $10,540 | $2,951 | $3,795 |
| Renters | $44,019 | $3,668 | $1,027 | $1,321 |
| State | General Sales Tax | With Max Surtax |
| Georgia | 4% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Georgia | 1% | 5.57% |
| City | Population | Cost of Living Index | National Avg. |
| Graham, AL | 87 | 100 | 0.1% |
| Tallapoosa, GA | 3,256 | 86 | 14.2% |
| Bowdon, GA | 2,791 | 88 | 11.6% |
| Ephesus, GA | 515 | 89 | 10.6% |
| Whitesburg, GA | 601 | 90 | 10.2% |
| Carrollton, GA | 27,734 | 98 | 2.1% |
| City | Population | Cost of Living Index | National Avg. |
| West Chicago, IL | 27,740 | 110 | 9.8% |
| Twentynine Palms, CA | 27,724 | 107 | 7.0% |
| Dodge City, KS | 27,746 | 87 | 13.3% |
| Ramsey, MN | 27,748 | 115 | 15.4% |
| New London, CT | 27,712 | 107 | 6.9% |
| Carrollton, GA | 27,734 | 98 | 2.1% |
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