Cedartown cost of living index

A general summary of the cost of living index in Cedartown, GA is shown above. Compared to the state average of Georgia the cost of living index in Cedartown, GA is 83, which is 11% lower than the average in Georgia and compared to the national average it is 17% lower 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 Cedartown, GA goods and services come in at 3% lower than the average in Georgia and are 8% lower than compared to the nationwide average.

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Salary Calculator

Use the salary calculator to compare your current salary in Cedartown, GA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Cedartown, GA, then you would need to earn more income in order to maintain the same standard of living. To use the Cedartown, GA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

One can approximate the cost of living and the housing affordability in Cedartown, 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 Cedartown, GA have a median income of $42,022. Therefore, the amount that a consumer should spend on housing costs should be no more than $980 per month to avoid calamity and poverty. The renters in the city have an income of about $21,369, which would make their monthly maximum allowable rental costs $499.

Georgia Sales Tax

Georgia Income Tax

One thing to keep in mind when considering the cost of living in Cedartown, GA is the Georgia sales tax and Georgia income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Georgia sales tax rate is 4% and the maximum surtax that can be charged is 8%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% 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 Cedartown, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.