Cost Of Living in Waco, GA

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A+

13%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

33%

Housing NAT. AVG.

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	Waco	Georgia	National
Cost of living	87	93	100
Goods & Services	99	97	100
Groceries	97	98	100
Health care	94	100	100
Housing	67	86	100
Transportation	96	94	100
Utilities	80	86	100

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Cost Of Living Quick Facts

The cost of living in Waco is 6% lower than the Georgia average
The cost of living in Waco is 13% lower than the national average
Waco housing is 33% lower 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

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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	$63,594	$5,300	$1,484	$1,908
Renters	$0	$0	$0	$0

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	Waco	National avg.	Difference
Haircut	$20.83	$24.26	14.1%
Beauty Salon	$32.83	$45.56	27.9%
Toothpaste	$3.60	$3.70	2.8%
Shampoo	$1.22	$1.28	4.7%
Movie	$14.41	$12.13	18.7%
Bowling	$17.50	$18.00	2.8%

Groceries

Item	Waco	National avg.	Difference
Ground Beef	$5.78	$5.84	1.1%
Fried Chicken	$1.43	$1.57	9.3%
Milk	$4.54	$4.67	2.8%
Potatoes	$5.24	$4.93	6.2%
Pizza	$11.13	$12.09	7.9%
Beer	$10.27	$10.41	1.4%

Health Care

Item	Waco	National avg.	Difference
Optometrist	$151.92	$125.68	20.9%
Doctor	$92.83	$135.78	31.6%
Dentist	$82.67	$113.29	27.0%
Ibuprofen	$10.24	$10.65	3.9%
Lipitor	$472.05	$468.60	0.7%

Housing

Item	Waco	National avg.	Difference
Home Price	$116,000.00	$184,700.00	37.2%
Avg. Mortgage Payment	$1,447.48	$2,346.69	38.3%
Apartment Rent	$725.00	$949.00	23.6%

Transportation

Item	Waco	National avg.	Difference
Gasoline	$3.22	$3.46	7.0%
Tire Balancing	$47.47	$59.92	20.8%

Utilities

Item	Waco	National avg.	Difference
All Electricity	$141.36	$193.99	27.1%
Phone	$192.75	$192.25	0.3%

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.
Fruithurst, AL	431	82	17.6%
Tallapoosa, GA	3,180	83	16.5%
Bowdon, GA	2,685	85	15.1%
Temple, GA	4,709	90	10.2%
Buchanan, GA	1,409	90	10.2%
Waco, GA	503	87	13.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Tehama, CA	503	107	7.3%
Spring Lake, FL	503	110	9.7%
New Albin, IA	503	84	15.7%
Scammon, KS	503	75	24.9%
Foxworth, MS	503	74	25.8%
Waco, GA	503	87	13.1%