Valdosta cost of living index

Here we can see a simple outline of the cost of living in Valdosta, GA. As you can see, with the average cost of living in Valdosta, GA being 88, that puts it 5% lower than the average of Georgia and 12% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Valdosta, GA, the price of goods and services are 2% lower than the average of Georgia as well as 6% lower than the nation's average.

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Salary Calculator

Using the salary calculator lets you compare the salary you earn in Valdosta, 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 Valdosta, GA, you have to earn a higher income in order to still have the same standard of living. To operate the Valdosta, 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

If you want to find a good determining factor for the cost of living and the general affordability of housing in Valdosta, GA, all you must look at 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 Valdosta, GA, the median monthly income is $51,480 for those who own their own homes. Under the standard rule, that income level would allow for $1,201 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $22,229, per the median income in the area. That would allow for renters to spend up to $519 on monthly rental expenses.

Georgia Sales Tax

Georgia Income Tax

When you are determining the total cost of living in Valdosta, 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

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Valdosta, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.