A+
19%
Overall NAT. AVG.
3%
Goods & Services NAT. AVG.
51%
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 Cordele Georgia National
Cost of living8193100
Goods & Services9797100
Groceries9798100
Health care95100100
Housing4986100
Transportation9794100
Utilities8686100

An Overview of Cost of Living in Cordele, GA

Knowing the cost of living in Cordele allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Cordele stands at 81, marking it 19% lower than the national average.

Housing expenses often consume a significant portion of your net income, occasionally surpassing 30%. Fortunately, housing costs in Cordele are 51.3% below the national average. This highlights the region's exceptional affordability for both homeownership and rentals in comparison to the rest of the country. This favorable housing situation allows residents to allocate a more reasonable fraction of their income to housing, resulting in enhanced financial flexibility and improved overall financial well-being.

Is Cordele Affordable?

Is Cordele 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 Cordele, for instance, where the median home price falls 60.6% lower than the national average, and monthly rent rates are 29.4% lower than usual. Additionally, median income levels contribute to the equation, with Cordele flaunting a median household income of $25,672, 53.6% lower than the national norm.

What Factors can Influence the Cost of Living in Cordele?

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 with fewer subsidy offerings might experience an elevation in their cost of living.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Cordele, healthcare costs are 4.6% lower than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Cordele, is 51.3% lower than the national average.

Where is the Data From?

The Cordele 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Cordele is 12% lower than the Georgia average
  • The cost of living in Cordele is 19% lower than the national average
  • Cordele housing is 51% lower than the national average
  • Georgia general sales tax is 22% lower than the national average
  • Georgia state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Cordele

See all the best places to live around Cordele

Compare Cordele, 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$46,691$3,891$1,089$1,401
      Renters$15,680$1,307$366$470
      The affordability of the housing market in Cordele, GA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Cordele homeowners, the median income is $46,691. This indicates that a monthly maximum of $1,089 should be spent by homeowners on all housing related costs. Renters have a median income of $15,680. This indicates that renters would have a maximum of $366 for their rent related monthly costs.

      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% 5.57%

      Goods & Services

      Item Cordele National avg. Difference
      Haircut $13.33$24.2645.0%
      Beauty Salon $35.83$45.5621.4%
      Toothpaste $3.70$3.700.2%
      Shampoo $1.10$1.2813.8%
      Movie $12.83$12.135.8%
      Bowling $7.50$18.0058.3%

      Groceries

      Item Cordele National avg. Difference
      Ground Beef $6.74$5.8415.4%
      Fried Chicken $1.42$1.579.5%
      Milk $4.52$4.673.2%
      Potatoes $5.52$4.9311.9%
      Pizza $12.49$12.093.4%
      Beer $9.98$10.414.1%

      Health Care

      Item Cordele National avg. Difference
      Optometrist $133.00$125.685.8%
      Doctor $83.33$135.7838.6%
      Dentist $131.25$113.2915.9%
      Ibuprofen $10.05$10.655.6%
      Lipitor $510.21$468.608.9%

      Housing

      Item Cordele National avg. Difference
      Home Price $72,700.00$184,700.0060.6%
      Avg. Mortgage Payment $1,438.43$2,346.6938.7%
      Apartment Rent $670.00$949.0029.4%

      Transportation

      Item Cordele National avg. Difference
      Gasoline $3.20$3.467.6%
      Tire Balancing $65.19$59.928.8%

      Utilities

      Item Cordele National avg. Difference
      All Electricity $150.33$193.9922.5%
      Phone $189.93$192.251.2%
      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.
      Seville, GA637128.8%
      Arabi, GA7247723.2%
      Pitts, GA3017921.3%
      Lilly, GA2017920.8%
      Warwick, GA6308019.6%
      Cordele, GA10,6008118.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sweetwater, TX10,6018118.7%
      South Yarmouth, MA10,59813030.2%
      Greentree, NJ10,59712828.2%
      Lake Barcroft, VA10,60416968.6%
      Morro Bay, CA10,59217069.5%
      Cordele, GA10,6008118.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.