Milton, Georgia Cost Of Living

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F

Overall 39%

Goods & Services 8%

Housing 119%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Milton	Georgia	National
Cost of living	139	94	100
Goods & Services	108	97	100
Groceries	104	99	100
Health care	109	97	100
Housing	219	86	100
Transportation	108	97	100
Utilities	86	93	100

Key findings

The cost of living in Milton is 48% higher than the Georgia average
The cost of living in Milton is 39% higher than the national average
Milton housing is 119% higher 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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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	$155,368	$12,947	$3,625	$4,662
Renters	$65,699	$5,475	$1,533	$1,971

The affordability of the housing market in Milton, 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 Milton homeowners, the median income is $155,368. This indicates that a monthly maximum of $3,625 should be spent by homeowners on all housing related costs. Renters have a median income of $65,699. This indicates that renters would have a maximum of $1,533 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%	5.75%

Goods & Services

Item	Milton	National avg.	Difference
Haircut	$20.90	$17.49	19.5%
Beauty Salon	$48.30	$38.17	26.5%
Toothpaste	$2.89	$2.32	24.5%
Shampoo	$1.04	$1.01	2.8%
Movie	$14.66	$10.72	36.7%
Bowling	$16.40	$13.86	18.3%

Groceries

Item	Milton	National avg.	Difference
Ground Beef	$4.64	$3.90	19.0%
Fried Chicken	$1.32	$1.40	5.4%
Milk	$2.09	$1.96	6.5%
Potatoes	$3.00	$3.18	5.7%
Pizza	$11.39	$10.39	9.6%
Beer	$9.74	$9.23	5.5%

Health Care

Item	Milton	National avg.	Difference
Optometrist	$109.20	$106.34	2.7%
Doctor	$119.75	$115.25	3.9%
Dentist	$123.40	$98.38	25.4%
Ibuprofen	$8.35	$9.26	9.8%
Lipitor	$463.28	$466.47	0.7%

Housing

Item	Milton	National avg.	Difference
Home Price	$475,300.00	$184,700.00	157.3%
Avg. Mortgage Payment	$1,321.35	$1,273.32	3.8%
Apartment Rent	$1,234.00	$949.00	30.0%

Transportation

Item	Milton	National avg.	Difference
Gasoline	$2.70	$2.59	4.3%
Tire Balancing	$56.89	$48.90	16.4%

Utilities

Item	Milton	National avg.	Difference
All Electricity	$124.35	$167.60	25.8%
Phone	$182.25	$163.42	11.5%

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, State	Population	Cost of Living Index	National Avg.
Waleska, GA	675	93	-7%
Ball Ground, GA	1,831	100	0%
Canton, GA	25,022	101	1%
Norcross, GA	16,293	101	1%
Cumming, GA	5,740	102	2%
Milton, GA	36,755	139	39%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Oakton, VA	36,748	164	64%
Valrico, FL	36,774	103	3%
Grants Pass, OR	36,776	111	11%
Longview, WA	36,720	107	7%
Hot Springs, AR	36,711	87	-13%
Milton, GA	36,755	139	39%

Source: The Milton, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Milton, GA Cost of Living

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