Martinez cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMartinezGeorgiaNational
Cost of living index9593100
IndexMartinezGeorgiaNational
Goods & Services index10496100
Groceries index10699100
Health care index9596100
Housing index8886100
Transportation index8096100
Utilities index8197100
An overview of the general cost of living index for Martinez, GA is displayed above for your reference. Residents in Martinez, GA enjoy a cost of living index of 95. This index is 1% higher than the Georgia average, and 5% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Martinez, GA, the average cost of goods and services is 9% higher than it is in Georgia, and it is 4% higher than the national average.

Find Real Estate Listings In Martinez

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Martinez

How would you rate the cost of living in Martinez?View resultsWrite a review to give others more information about this area.
Is the cost of living increasing or decreasing in Martinez?View resultsWrite a review to give others more information about this area.

Did you know?

  • The cost of living in Martinez is 1% higher than the Georgia average.
  • The cost of living in Martinez is 5% lower than the national average.
  • The cost of housing in Martinez is 12% lower than the national average.
  • Georgia general sales tax is 21% lower than the national average.
  • Georgia state income tax is 55% lower than the national average.

Real Estate Listings In Martinez

Compare Martinez, GA Cost of living To Other Cities

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
Use the salary calculator to compare your current income in Martinez, GA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Martinez, GA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Martinez, GA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$78,137$6,511$1,823$2,344
Renters$43,390$3,616$1,012$1,302
The affordability of the housing market in Martinez, GA as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Martinez, GA homeowners, the median income is $78,137. This indicates that a monthly maximum of $1,823 should be spent by homeowners on all housing related costs. Renters have a median income of $43,390. This indicates that renters should have a maximum of $1,012 used for their rent related monthly costs.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Georgia4%8%

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
Georgia1%6%
For those who live in Martinez, GA and want to know what the true cost of living is, they ought to look at both the Georgia income tax rate and the Georgia sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Georgia, the sales tax is 4%, while the most you'll pay in surtax is 8%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Georgia, the income tax rate ranges between 1% to 6%.

Goods & Services

ItemMartinezNational avg.Difference
Haircut $17.32$16.097.7%
Beauty Salon $33.79$37.339.5%
Toothpaste $3.37$2.4537.6%
Shampoo $0.85$1.0015.2%
Movie $11.97$10.2816.4%
Bowling $6.96$4.9341.2%

Groceries

ItemMartinezNational avg.Difference
Ground Beef $4.50$3.8018.2%
Fried Chicken $2.39$1.4071.4%
Milk $2.04$2.011.6%
Potatoes $3.42$3.0113.5%
Pizza $10.46$9.895.8%
Beer $8.90$8.900.0%

Health Care

ItemMartinezNational avg.Difference
Optometrist $174.01$102.1670.3%
Doctor $95.02$108.3612.3%
Dentist $76.95$92.5316.8%
Ibuprofen $8.74$9.285.8%
Lipitor $437.92$425.822.8%

Housing

ItemMartinezNational avg.Difference
Home Price $149,600.00$184,700.0019.0%
Avg. Mortgage Payment $910.51$1,202.4424.3%
Apartment Rent $1,004.00$949.005.8%

Transportation

ItemMartinezNational avg.Difference
Gasoline $1.91$2.2414.8%
Tire Balancing $31.92$46.2931.0%

Utilities

ItemMartinezNational avg.Difference
All Electricity$127.88$165.9622.9%
Phone $24.93$28.6813.1%
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, StatePopulationCost of Living IndexNational Avg.
Clarks Hill, SC31883-17%
Blythe, GA71984-16%
Clearwater, SC4,67985-15%
Belvedere, SC5,71486-14%
Augusta, GA196,78487-13%
Martinez, GA35,47695-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
East Point, GA35,47789-11%
Richmond West, FL35,45911414%
Olive Branch, MS35,50892-8%
Little Elm, TX35,55398-2%
Mooresville, NC35,3871011%
Martinez, GA35,47695-5%
Source: The Martinez, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.