Thomaston 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.
IndexThomastonGeorgiaNational
Cost of living index8393100
IndexThomastonGeorgiaNational
Goods & Services index9596100
Groceries index9699100
Health care index10096100
Housing index5086100
Transportation index11296100
Utilities index8797100
A general overview of the cost of living index for Thomaston, GA is displayed above. In Thomaston, GA, the overall cost of living index is 83, which is 12% lower than the Georgia average and 17% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Thomaston, GA, the city's goods and services are 1% lower than the Georgia average and 5% lower than the U.S. average.

Find Real Estate Listings In Thomaston

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Thomaston

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

Did you know?

  • The cost of living in Thomaston is 12% lower than the Georgia average.
  • The cost of living in Thomaston is 17% lower than the national average.
  • The cost of housing in Thomaston is 50% 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 Thomaston

Compare Thomaston, 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
Using the salary calculator lets you compare the salary you earn in Thomaston, GA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Thomaston, GA, you have to earn a higher income in order to still have the same standard of living. To operate the Thomaston, GA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,382$3,865$1,082$1,392
Renters$19,494$1,625$455$585
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Thomaston, GA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Thomaston, GA homeowners, is $46,382. This would allow for a maximum of $1,082 per month to be spent on housing costs. For renters, the median monthly income is $19,494 which would result in a maximum of $455 to be spent on rental costs.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Georgia4%8%

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
Georgia1%6%
When you are determining the total cost of living in Thomaston, GA you will want to make sure you consider both the Georgia sales tax and the Georgia income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Georgia is 4%, with the highest surtax being 8%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Georgia have a range from 1% to 6%.

Goods & Services

ItemThomastonNational avg.Difference
Haircut $9.85$16.0938.7%
Beauty Salon $40.32$37.338.0%
Toothpaste $2.62$2.457.0%
Shampoo $1.67$1.0067.2%
Movie $10.78$10.284.9%
Bowling $4.12$4.9316.5%

Groceries

ItemThomastonNational avg.Difference
Ground Beef $3.70$3.802.6%
Fried Chicken $1.27$1.409.2%
Milk $2.03$2.011.0%
Potatoes $2.87$3.014.6%
Pizza $8.66$9.8912.4%
Beer $8.35$8.906.2%

Health Care

ItemThomastonNational avg.Difference
Optometrist $75.39$102.1626.2%
Doctor $139.84$108.3629.1%
Dentist $78.43$92.5315.2%
Ibuprofen $9.00$9.283.0%
Lipitor $404.39$425.825.0%

Housing

ItemThomastonNational avg.Difference
Home Price $79,300.00$184,700.0057.1%
Avg. Mortgage Payment $831.40$1,202.4430.9%
Apartment Rent $620.00$949.0034.7%

Transportation

ItemThomastonNational avg.Difference
Gasoline $2.19$2.242.5%
Tire Balancing $66.19$46.2943.0%

Utilities

ItemThomastonNational avg.Difference
All Electricity$145.53$165.9612.3%
Phone $25.14$28.6812.4%
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.
Salem, GA34375-25%
Lincoln Park, GA45376-24%
Hilltop, GA37277-23%
Talbotton, GA1,11878-22%
Woodland, GA31480-20%
Thomaston, GA8,97683-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Valley, GA8,97578-22%
Scaggsville, MD8,97515252%
Toppenish, WA8,97789-11%
Wasilla, AK8,97212020%
Lancaster, SC8,97188-12%
Thomaston, GA8,97683-17%
Source: The Thomaston, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.