A+
5%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
5%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Carrollton Georgia National
Cost of living9593100
Goods & Services9997100
Groceries9798100
Health care94100100
Housing9586100
Transportation9694100
Utilities8086100

An Overview of Cost of Living in Carrollton, GA

Are you thinking about relocating, but curious about the potential cost of living in Carrollton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Carrollton stands at 95, making it 5% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

In Carrollton, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Carrollton will resemble that of an average city, contributing to a manageable cost of living.

Is Carrollton Affordable?

Is Carrollton an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Carrollton, the median home price is 2.3% lower than what most folks pay across the country, and monthly rent prices are 11.8% lower than the usual rates. Income levels in Carrollton come in at $44,736, which is 19.1% lower than the national average.

What Factors can Influence the Cost of Living in Carrollton?

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety 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 farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Carrollton, the groceries index is 2.9% lower than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Carrollton, healthcare costs are 6% lower than the national average.

Where is the Data From?

The Carrollton cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Carrollton is 3% higher than the Georgia average
  • The cost of living in Carrollton is 5% lower than the national average
  • Carrollton housing is 5% lower than the national average
  • Georgia general sales tax is 22% lower than the national average
  • Georgia state income tax is 56% lower than the national average

Most Affordable Places to Live in and Around Carrollton

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Compare Carrollton, GA Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$86,415$7,201$2,016$2,593
      Renters$29,289$2,441$683$879
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Carrollton, GA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Carrollton, homeowners have a median income of $86,415. Using that number, a maximum of $2,016 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $29,289, which means there is a maximum of $683 to be spent on the costs of renting a home or apartment.

      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% 5.75%

      Goods & Services

      Item Carrollton National avg. Difference
      Haircut $20.83$24.2614.1%
      Beauty Salon $32.83$45.5627.9%
      Toothpaste $3.60$3.702.8%
      Shampoo $1.22$1.284.7%
      Movie $14.41$12.1318.7%
      Bowling $17.50$18.002.8%

      Groceries

      Item Carrollton National avg. Difference
      Ground Beef $5.78$5.841.1%
      Fried Chicken $1.43$1.579.3%
      Milk $4.54$4.672.8%
      Potatoes $5.24$4.936.2%
      Pizza $11.13$12.097.9%
      Beer $10.27$10.411.4%

      Health Care

      Item Carrollton National avg. Difference
      Optometrist $151.92$125.6820.9%
      Doctor $92.83$135.7831.6%
      Dentist $82.67$113.2927.0%
      Ibuprofen $10.24$10.653.9%
      Lipitor $472.05$468.600.7%

      Housing

      Item Carrollton National avg. Difference
      Home Price $180,500.00$184,700.002.3%
      Avg. Mortgage Payment $1,447.48$2,346.6938.3%
      Apartment Rent $837.00$949.0011.8%

      Transportation

      Item Carrollton National avg. Difference
      Gasoline $3.22$3.467.0%
      Tire Balancing $47.47$59.9220.8%

      Utilities

      Item Carrollton National avg. Difference
      All Electricity $141.36$193.9927.1%
      Phone $192.75$192.250.3%
      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 Population Cost of Living Index National Avg.
      Graham, AL84964.3%
      Tallapoosa, GA3,1808316.5%
      Bowdon, GA2,6858515.1%
      Ephesus, GA4998713.5%
      Whitesburg, GA5808613.6%
      Carrollton, GA26,857954.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ilchester, MD26,87313434.4%
      Thomasville, NC26,8348713.4%
      Lindenhurst, NY26,88513939.0%
      McHenry, IL26,8891000.3%
      Temple Terrace, FL26,9011044.3%
      Carrollton, GA26,857954.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.