| Index | Suwanee | Georgia | National |
| Cost of living | 123 | 96 | 100 |
| Groceries | 101 | 99 | 100 |
| Health care | 98 | 99 | 100 |
| Housing | 174 | 88 | 100 |
| Transportation | 101 | 99 | 100 |
| Utilities | 103 | 102 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 101 | 100 | 100 |
| Education & Childcare | 101 | 99 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Suwanee? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Suwanee stands at 123, making it 23% 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 value affordability in your search for a new place to live, Suwanee may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Suwanee falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs make up a big chunk of the cost of living in Suwanee, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 74.5% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The real experts on a city are its residents. That's why we reached out to 9 locals to get their views on the cost of living in Suwanee. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 22% found it budget-friendly with decreasing prices, while 78% said it's simply not affordable as prices have continued to rise.
Is Suwanee affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Suwanee, the median home price is 79.7% higher than the national average and monthly rent prices are 62.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Suwanee boasting a median household income of $136,864, 68.3% higher than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Suwanee, the groceries index is 1% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Suwanee, the standard sales tax rate starts at 4%, and the income tax rates commence at 1%.
The Suwanee cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $150,264 | $12,522 | $3,506 | $4,508 |
| Renters | $97,337 | $8,111 | $2,271 | $2,920 |
| State | General Sales Tax | With Max Surtax |
| Georgia | 4% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Georgia | 1% | 5.57% |
| City | Population | Cost of Living Index | National Avg. |
| Rest Haven, GA | 44 | 87 | 12.6% |
| Auburn, GA | 7,714 | 94 | 5.6% |
| Oakwood, GA | 4,308 | 96 | 4.0% |
| Dacula, GA | 6,352 | 100 | 0.2% |
| Lawrenceville, GA | 31,316 | 100 | 0.3% |
| Suwanee, GA | 21,257 | 123 | 23.1% |
| City | Population | Cost of Living Index | National Avg. |
| Mead Valley, CA | 21,263 | 127 | 26.8% |
| Beaumont, AB | 21,267 | n/a | |
| Fernley, NV | 21,270 | 113 | 12.8% |
| Palm Valley, FL | 21,243 | 140 | 40.0% |
| Ypsilanti, MI | 21,227 | 94 | 5.5% |
| Suwanee, GA | 21,257 | 123 | 23.1% |
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