Cost Of Living in Gresham Park, 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	Gresham Park	Georgia	National
Cost of living	102	93	100
Goods & Services	100	97	100
Groceries	101	98	100
Health care	109	100	100
Housing	113	86	100
Transportation	99	94	100
Utilities	81	86	100

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Cost Of Living Quick Facts

The cost of living in Gresham Park is 10% higher than the Georgia average
The cost of living in Gresham Park is 2% higher than the national average
Gresham Park housing is 13% 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

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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	$83,962	$6,997	$1,959	$2,519
Renters	$36,321	$3,027	$847	$1,090

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Gresham Park, 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 Gresham Park homeowners, is $83,962. This would allow for a maximum of $1,959 per month to be spent on housing costs. For renters, the median monthly income is $36,321 which would result in a maximum of $847 to be spent on rental costs.

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	Gresham Park	National avg.	Difference
Haircut	$27.25	$24.26	12.3%
Beauty Salon	$56.36	$45.56	23.7%
Toothpaste	$3.74	$3.70	0.9%
Shampoo	$1.33	$1.28	3.9%
Movie	$15.20	$12.13	25.3%
Bowling	$20.98	$18.00	16.5%

Groceries

Item	Gresham Park	National avg.	Difference
Ground Beef	$5.25	$5.84	10.1%
Fried Chicken	$1.61	$1.57	2.1%
Milk	$4.69	$4.67	0.4%
Potatoes	$5.32	$4.93	7.9%
Pizza	$11.36	$12.09	6.0%
Beer	$10.39	$10.41	0.2%

Health Care

Item	Gresham Park	National avg.	Difference
Optometrist	$129.73	$125.68	3.2%
Doctor	$128.57	$135.78	5.3%
Dentist	$144.73	$113.29	27.8%
Ibuprofen	$10.74	$10.65	0.8%
Lipitor	$495.22	$468.60	5.7%

Housing

Item	Gresham Park	National avg.	Difference
Home Price	$189,400.00	$184,700.00	2.5%
Avg. Mortgage Payment	$2,292.55	$2,346.69	2.3%
Apartment Rent	$1,294.00	$949.00	36.4%

Transportation

Item	Gresham Park	National avg.	Difference
Gasoline	$3.20	$3.46	7.5%
Tire Balancing	$69.77	$59.92	16.4%

Utilities

Item	Gresham Park	National avg.	Difference
All Electricity	$134.81	$193.99	30.5%
Phone	$191.28	$192.25	0.5%

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.
Forest Park, GA	19,884	85	14.6%
Jonesboro, GA	5,428	86	13.9%
Conley, GA	6,645	87	13.3%
Lake City, GA	2,794	90	10.3%
Lithonia, GA	2,488	90	10.0%
Gresham Park, GA	9,148	102	2.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lake Mohawk, NJ	9,148	128	28.1%
Canal Winchester, OH	9,148	99	1.0%
Lorraine, QC	9,148	n/a
Jeannette, PA	9,146	87	12.7%
Lugoff, SC	9,146	94	5.6%
Gresham Park, GA	9,148	102	2.3%

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 Gresham Park, GA