An Overview of Cost of Living in Johns Creek, GA
Are you thinking about relocating, but curious about the potential cost of living in Johns Creek? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Johns Creek stands at 133, making it 33% higher 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.
If you're in pursuit of an economical living environment, Johns Creek may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Johns Creek falls within this bracket.
Housing costs are a very significant part of the Johns Creek cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 114.3% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
What Do Locals Say About the Cost of Living in Johns Creek?
Nobody knows their city better than the people who actually live there. So, we asked 8 local residents how they would rate the cost of living in Johns Creek and this is how they responded. 13% of people said that the cost of living was affordable, with prices decreasing, while 88% of people said that the cost of living was very expensive and prices continue to rise.
Is Johns Creek Affordable?
Is Johns Creek an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Johns Creek is 129.3% higher than the national average, while the average monthly rent prices are 79.3% higher than average. The affordability of any location can also be influenced by median income levels. Johns Creek has a median household income of $125,862, which is 127.5% higher than the national average.
What Factors can Influence the Cost of Living in Johns Creek?
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Johns Creek, the housing index is 114.3% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, 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. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Johns Creek, the groceries index is 1.3% higher than the national average.
Where is the Data From?
The Johns Creek 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.