B+
Overall 12%
Goods & Services 10%
Housing 46%
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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.
IndexLake CityGeorgiaNational
Cost of living8893100
Goods & Services11097100
Groceries9896100
Health care10696100
Housing5486100
Transportation10092100
Utilities8491100

Key findings

  • The cost of living in Lake City is 5% lower than the Georgia average
  • The cost of living in Lake City is 12% lower than the national average
  • Lake City housing is 46% lower than the national average
  • Georgia general sales tax is 21% lower than the national average
  • Georgia state income tax is 59% lower than the national average

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Compare Lake City, GA Cost of Living

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      Salary Calculator

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$45,417$3,785$1,060$1,363
      Renters$24,333$2,028$568$730

      Georgia Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Georgia4%8%

      Georgia Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Georgia1%5.75%

      Goods & Services

      ItemLake CityNational avg.Difference
      Haircut $24.13$20.2719.0%
      Beauty Salon $50.23$40.3924.4%
      Toothpaste $2.01$2.3614.9%
      Shampoo $0.99$1.087.7%
      Movie $14.44$10.9931.4%
      Bowling $18.13$15.4917.1%

      Groceries

      ItemLake CityNational avg.Difference
      Ground Beef $4.09$4.304.8%
      Fried Chicken $1.02$1.4027.3%
      Milk $1.66$2.2024.6%
      Potatoes $4.00$3.2224.4%
      Pizza $10.92$10.741.7%
      Beer $11.77$9.6022.6%

      Health Care

      ItemLake CityNational avg.Difference
      Optometrist $121.68$109.7310.9%
      Doctor $121.28$118.342.5%
      Dentist $114.41$100.9413.3%
      Ibuprofen $9.23$9.937.0%
      Lipitor $480.14$469.532.3%

      Housing

      ItemLake CityNational avg.Difference
      Home Price $67,400.00$184,700.0063.5%
      Avg. Mortgage Payment $1,377.99$1,229.6212.1%
      Apartment Rent $904.00$949.004.7%

      Transportation

      ItemLake CityNational avg.Difference
      Gasoline $2.71$2.710.2%
      Tire Balancing $51.76$51.860.2%

      Utilities

      ItemLake CityNational avg.Difference
      All Electricity$122.51$170.8428.3%
      Phone $188.46$187.180.7%
      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

      CityPopulationCost of Living IndexNational Avg.
      Forest Park, GA19,1568614.1%
      Conley, GA5,3978713.2%
      Lithonia, GA2,0938811.7%
      Riverdale, GA15,8128911.4%
      Jonesboro, GA4,6718911.2%
      Lake City, GA2,7128811.9%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Eagle Lake, MN2,712972.8%
      Woodbury, TN2,7128514.7%
      Swanton, VT2,7121033.1%
      Saint-Basile, QC2,711n/a 
      East Garafraxa, ON2,711n/a 
      Lake City, GA2,7128811.9%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.