A+
0%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
5%
Housing NAT. AVG.
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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 Belvedere Park Georgia National
Cost of living10093100
Goods & Services10097100
Groceries10198100
Health care109100100
Housing10586100
Transportation9994100
Utilities8186100

An Overview of Cost of Living in Belvedere Park, GA

Are you thinking about relocating, but curious about the potential cost of living in Belvedere Park? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Belvedere Park stands at 100, making it 0% equal to 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.

The cost of living in Belvedere Park aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Belvedere Park residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Belvedere Park Affordable?

Is Belvedere Park affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Belvedere Park, for instance, where the median home price falls 0.5% higher than the national average, and monthly rent rates are 16.5% higher than usual. Additionally, median income levels contribute to the equation, with Belvedere Park flaunting a median household income of $51,702, 6.5% lower than the national norm.

What Factors can Influence the Cost of Living in Belvedere Park?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Belvedere Park, the prevailing sales tax rate starts at 4%, and income tax rates kick off at 1%.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Belvedere Park, the housing index is 5.3% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Belvedere Park, healthcare costs are 9.2% higher than the national average.

Where is the Data From?

The cost of living in Belvedere Park, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Belvedere Park is 8% higher than the Georgia average
  • The cost of living in Belvedere Park is equal to the national average
  • Belvedere Park housing is 5% higher 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

Most Affordable Places to Live in and Around Belvedere Park

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Compare Belvedere Park, GA Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$64,289$5,357$1,500$1,929
      Renters$36,438$3,037$850$1,093
      A good indicator of the general affordability of housing in Belvedere Park, GA, 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 Belvedere Park, the median monthly income is $64,289 for those who own their own homes. Under the standard rule, that income level would allow for $1,500 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,438, per the median income in the area. That would allow for renters to spend up to $850 on monthly rental expenses.

      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 Belvedere Park National avg. Difference
      Haircut $27.25$24.2612.3%
      Beauty Salon $56.36$45.5623.7%
      Toothpaste $3.74$3.700.9%
      Shampoo $1.33$1.283.9%
      Movie $15.20$12.1325.3%
      Bowling $20.98$18.0016.5%

      Groceries

      Item Belvedere Park National avg. Difference
      Ground Beef $5.25$5.8410.1%
      Fried Chicken $1.61$1.572.1%
      Milk $4.69$4.670.4%
      Potatoes $5.32$4.937.9%
      Pizza $11.36$12.096.0%
      Beer $10.39$10.410.2%

      Health Care

      Item Belvedere Park National avg. Difference
      Optometrist $129.73$125.683.2%
      Doctor $128.57$135.785.3%
      Dentist $144.73$113.2927.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $495.22$468.605.7%

      Housing

      Item Belvedere Park National avg. Difference
      Home Price $185,700.00$184,700.000.5%
      Avg. Mortgage Payment $2,292.55$2,346.692.3%
      Apartment Rent $1,106.00$949.0016.5%

      Transportation

      Item Belvedere Park National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $69.77$59.9216.4%

      Utilities

      Item Belvedere Park National avg. Difference
      All Electricity $134.81$193.9930.5%
      Phone $191.28$192.250.5%
      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.
      Lakeview Estates, GA2,5467821.9%
      Forest Park, GA19,8848514.6%
      Conley, GA6,6458713.3%
      Lake City, GA2,7949010.3%
      Lithonia, GA2,4889010.0%
      Belvedere Park, GA15,0281000.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Stone Ridge, VA15,03415655.7%
      Williamsburg, VA15,03411919.4%
      Vandalia, OH15,021936.9%
      Newport, KY15,045963.5%
      Hugo, MN15,00811111.4%
      Belvedere Park, GA15,0281000.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.