F
28%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
98%
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 North Druid Hills Georgia National
Cost of living12893100
Goods & Services10097100
Groceries10198100
Health care109100100
Housing19886100
Transportation9994100
Utilities8186100

An Overview of Cost of Living in North Druid Hills, GA

Knowing the cost of living in North Druid Hills allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in North Druid Hills stands at 128, marking it 28% higher than the national average.

If you're in pursuit of an economical living environment, North Druid Hills may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, North Druid Hills falls within this bracket.

Housing costs make up a big chunk of the cost of living in North Druid Hills, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 97.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is North Druid Hills Affordable?

Is North Druid Hills 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 North Druid Hills, for instance, where the median home price falls 115.6% higher than the national average, and monthly rent rates are 56% higher than usual. Additionally, median income levels contribute to the equation, with North Druid Hills flaunting a median household income of $77,211, 39.6% higher than the national norm.

What Factors can Influence the Cost of Living in North Druid Hills?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In North Druid Hills, the groceries index registers 1.3% higher than the national average.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In North Druid Hills, the transportation index is 0.6% lower 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 North Druid Hills, healthcare costs are 9.2% higher than the national average.

Where is the Data From?

The North Druid Hills cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in North Druid Hills is 38% higher than the Georgia average
  • The cost of living in North Druid Hills is 28% higher than the national average
  • North Druid Hills housing is 98% 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 North Druid Hills

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Compare North Druid Hills, 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$124,587$10,382$2,907$3,738
      Renters$54,793$4,566$1,278$1,644
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in North Druid Hills, 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 North Druid Hills, homeowners have a median income of $124,587. Using that number, a maximum of $2,907 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $54,793, which means there is a maximum of $1,278 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 North Druid Hills 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 North Druid Hills 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 North Druid Hills 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 North Druid Hills National avg. Difference
      Home Price $398,300.00$184,700.00115.6%
      Avg. Mortgage Payment $2,292.55$2,346.692.3%
      Apartment Rent $1,480.00$949.0056.0%

      Transportation

      Item North Druid Hills National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $69.77$59.9216.4%

      Utilities

      Item North Druid Hills 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.
      Forest Park, GA19,8848514.6%
      Conley, GA6,6458713.3%
      Lake City, GA2,7949010.3%
      Lithonia, GA2,4889010.0%
      Panthersville, GA10,164928.3%
      North Druid Hills, GA18,07412827.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Eastlake, OH18,072909.5%
      Pelham, ON18,077n/a 
      Ashtabula, OH18,0678515.0%
      North Grenville, ON18,083n/a 
      North Aurora, IL18,08911212.4%
      North Druid Hills, GA18,07412827.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.