Cost Of Living in LaFayette, 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	LaFayette	Georgia	National
Cost of living	81	93	100
Goods & Services	95	97	100
Groceries	97	98	100
Health care	85	100	100
Housing	55	86	100
Transportation	83	94	100
Utilities	93	86	100

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Cost Of Living Quick Facts

The cost of living in LaFayette is 12% lower than the Georgia average
The cost of living in LaFayette is 19% lower than the national average
LaFayette housing is 45% 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	$40,644	$3,387	$948	$1,219
Renters	$24,120	$2,010	$563	$724

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in LaFayette, GA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In LaFayette, homeowners have a median income of $40,644. Using that number, a maximum of $948 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $24,120, which means there is a maximum of $563 to be spent on the costs of renting a home or apartment.

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	LaFayette	National avg.	Difference
Haircut	$22.39	$24.26	7.7%
Beauty Salon	$68.33	$45.56	50.0%
Toothpaste	$3.72	$3.70	0.6%
Shampoo	$1.23	$1.28	4.2%
Movie	$14.55	$12.13	19.9%
Bowling	$14.50	$18.00	19.4%

Groceries

Item	LaFayette	National avg.	Difference
Ground Beef	$5.05	$5.84	13.4%
Fried Chicken	$1.48	$1.57	5.7%
Milk	$4.53	$4.67	3.1%
Potatoes	$5.44	$4.93	10.2%
Pizza	$12.62	$12.09	4.4%
Beer	$9.54	$10.41	8.4%

Health Care

Item	LaFayette	National avg.	Difference
Optometrist	$95.33	$125.68	24.1%
Doctor	$109.61	$135.78	19.3%
Dentist	$122.22	$113.29	7.9%
Ibuprofen	$10.29	$10.65	3.4%
Lipitor	$450.83	$468.60	3.8%

Housing

Item	LaFayette	National avg.	Difference
Home Price	$90,400.00	$184,700.00	51.1%
Avg. Mortgage Payment	$1,754.85	$2,346.69	25.2%
Apartment Rent	$656.00	$949.00	30.9%

Transportation

Item	LaFayette	National avg.	Difference
Gasoline	$3.22	$3.46	7.1%
Tire Balancing	$61.78	$59.92	3.1%

Utilities

Item	LaFayette	National avg.	Difference
All Electricity	$134.24	$193.99	30.8%
Phone	$188.43	$192.25	2.0%

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.
Trion, GA	2,440	80	20.1%
Trenton, GA	2,303	86	14.4%
Chattanooga Valley, GA	3,676	86	14.0%
Ringgold, GA	3,454	87	13.0%
Tunnel Hill, GA	1,158	89	11.2%
LaFayette, GA	7,310	81	18.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ponchatoula, LA	7,311	92	7.8%
Green Hill, TN	7,308	109	8.6%
Hastings, MI	7,314	87	13.1%
Ralston, NE	7,305	94	6.2%
New Cumberland, PA	7,305	100	0.5%
LaFayette, GA	7,310	81	18.5%

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 LaFayette, GA