A-
4%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
18%
Housing NAT. AVG.
Search Homes for Sale
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 Snellville Georgia National
Cost of living10493100
Goods & Services10097100
Groceries10198100
Health care109100100
Housing11886100
Transportation9994100
Utilities8186100

An Overview of Cost of Living in Snellville, GA

Knowing the cost of living in Snellville 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 Snellville stands at 104, marking it 4% higher than the national average.

The cost of living in Snellville aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Snellville residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Snellville Affordable?

Is Snellville 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 Snellville is 0.3% higher than the national average, while the average monthly rent prices are 60.4% higher than average. The affordability of any location can also be influenced by median income levels. Snellville has a median household income of $79,706, which is 44.1% higher than the national average.

What Factors can Influence the Cost of Living in Snellville?

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Snellville, healthcare costs are 9.2% 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.

Where is the Data From?

The Snellville 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.

New Real Estate Listings in Snellville Area
Search Homes for Sale in Snellville, GA

Cost Of Living Quick Facts

  • The cost of living in Snellville is 12% higher than the Georgia average
  • The cost of living in Snellville is 4% higher than the national average
  • Snellville housing is 18% higher 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 Snellville

See all the best places to live around Snellville

Compare Snellville, GA Cost of Living

      vs
      How would you rate the cost of living in Snellville?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Snellville?
      Write a review to give others more information about this area.
      See all Snellville poll results

      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$84,055$7,005$1,961$2,522
      Renters$54,549$4,546$1,273$1,637
      A good indicator of the general affordability of housing in Snellville, GA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Snellville, the median monthly income is $84,055 for those who own their own homes. Under the standard rule, that income level would allow for $1,961 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $54,549, per the median income in the area. That would allow for renters to spend up to $1,273 on monthly rental expenses.

      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 Snellville National avg. Difference
      Haircut $27.25$24.2612.3%
      Beauty Salon $56.36$45.5623.7%
      Toothpaste $3.74$3.700.9%
      Shampoo $1.33$1.283.9%
      Movie $15.20$12.1325.3%
      Bowling $20.98$18.0016.5%

      Groceries

      Item Snellville National avg. Difference
      Ground Beef $5.25$5.8410.1%
      Fried Chicken $1.61$1.572.1%
      Milk $4.69$4.670.4%
      Potatoes $5.32$4.937.9%
      Pizza $11.36$12.096.0%
      Beer $10.39$10.410.2%

      Health Care

      Item Snellville National avg. Difference
      Optometrist $129.73$125.683.2%
      Doctor $128.57$135.785.3%
      Dentist $144.73$113.2927.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $495.22$468.605.7%

      Housing

      Item Snellville National avg. Difference
      Home Price $185,200.00$184,700.000.3%
      Avg. Mortgage Payment $2,292.55$2,346.692.3%
      Apartment Rent $1,522.00$949.0060.4%

      Transportation

      Item Snellville National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $69.77$59.9216.4%

      Utilities

      Item Snellville National avg. Difference
      All Electricity $134.81$193.9930.5%
      Phone $191.28$192.250.5%
      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 Population Cost of Living Index National Avg.
      Lakeview Estates, GA2,5467821.9%
      Lithonia, GA2,4889010.0%
      Stone Mountain, GA6,376946.5%
      Auburn, GA7,519937.3%
      Redan, GA34,870945.7%
      Snellville, GA19,9231043.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fort Mill, SC19,92011414.4%
      Havelock, NC19,927955.0%
      Ennis, TX19,917972.6%
      Parma Heights, OH19,9168910.9%
      North Ogden, UT19,93011312.7%
      Snellville, GA19,9231043.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.