Cost Of Living in Lakemont, GA

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	Lakemont	Augusta	Georgia
Cost of living	88	85	93
Goods & Services	92	92	97
Groceries	96	96	98
Health care	82	82	100
Housing	81	72	86
Transportation	89	89	94
Utilities	84	84	86

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Cost Of Living Quick Facts

The cost of living in Lakemont is 5% lower than the Augusta average
The cost of living in Lakemont is 12% lower than the national average
Lakemont housing is 19% 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)
Household	$59,469	$4,956	$1,388	$1,784

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	Augusta	National avg.	Difference
Haircut	$26.67	$24.26	9.9%
Beauty Salon	$39.50	$45.56	13.3%
Toothpaste	$3.65	$3.70	1.3%
Shampoo	$1.13	$1.28	12.0%
Movie	$15.61	$12.13	28.7%
Bowling	$20.92	$18.00	16.2%

Groceries

Item	Augusta	National avg.	Difference
Ground Beef	$5.52	$5.84	5.4%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.53	$4.67	3.0%
Potatoes	$5.41	$4.93	9.6%
Pizza	$13.16	$12.09	8.9%
Beer	$10.06	$10.41	3.4%

Health Care

Item	Augusta	National avg.	Difference
Optometrist	$69.88	$125.68	44.4%
Doctor	$179.92	$135.78	32.5%
Dentist	$199.00	$113.29	75.7%
Ibuprofen	$10.12	$10.65	5.0%
Lipitor	$496.43	$468.60	5.9%

Housing

Item	Augusta	National avg.	Difference
Home Price	$115,300.00	$184,700.00	37.6%
Avg. Mortgage Payment	$1,929.91	$2,346.69	17.8%
Apartment Rent	$908.00	$949.00	4.3%

Transportation

Item	Augusta	National avg.	Difference
Gasoline	$3.24	$3.46	6.3%
Tire Balancing	$52.38	$59.92	12.6%

Utilities

Item	Augusta	National avg.	Difference
All Electricity	$149.68	$193.99	22.8%
Phone	$189.47	$192.25	1.4%

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	Population	Cost of Living Index	National Avg.
Modoc, SC	366	91	9.5%
Clarks Hill, SC	195	91	9.5%
Langley, SC	2,179	75	24.9%
Warrenville, SC	740	76	23.9%
Gloverville, SC	3,008	78	21.8%
Augusta, GA	197,535	85	14.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Burlington, ON	197,435	n/a
Akron, OH	197,375	84	15.6%
Little Rock, AR	198,067	98	2.1%
Sunrise Manor, NV	198,187	98	2.2%
Montgomery, AL	199,054	88	12.2%
Augusta, GA	197,535	85	14.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Lakemont, Augusta, GA