A+
15%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
40%
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 Bainbridge Georgia National
Cost of living8593100
Goods & Services9797100
Groceries9698100
Health care106100100
Housing6086100
Transportation9794100
Utilities8586100

An Overview of Cost of Living in Bainbridge, GA

Knowing the cost of living in Bainbridge 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 Bainbridge stands at 85, marking it 15% lower than the national average.

Housing expenses can absorb a substantial portion of your net income, sometimes exceeding 30%. Thankfully, Bainbridge stands out by reporting housing costs that are 40.4% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more budget-friendly compared to the rest of the country. With such favorable housing affordability, residents of Bainbridge can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.

Is Bainbridge Affordable?

Is Bainbridge 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 Bainbridge, for instance, where the median home price falls 44.9% lower than the national average, and monthly rent rates are 29.9% lower than usual. Additionally, median income levels contribute to the equation, with Bainbridge flaunting a median household income of $34,957, 36.8% lower than the national norm.

What Factors can Influence the Cost of Living in Bainbridge?

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

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 Bainbridge, the transportation index is 2.8% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Bainbridge, the standard sales tax rate starts at 4%, and the income tax rates commence at 1%.

Where is the Data From?

The Bainbridge 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bainbridge is 9% lower than the Georgia average
  • The cost of living in Bainbridge is 15% lower than the national average
  • Bainbridge housing is 40% 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

Most Affordable Places to Live in and Around Bainbridge

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Compare Bainbridge, 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$44,901$3,742$1,048$1,347
      Renters$33,105$2,759$772$993
      The affordability of the housing market in Bainbridge, GA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bainbridge homeowners, the median income is $44,901. This indicates that a monthly maximum of $1,048 should be spent by homeowners on all housing related costs. Renters have a median income of $33,105. This indicates that renters would have a maximum of $772 for their rent related monthly 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 Bainbridge National avg. Difference
      Haircut $23.64$24.262.5%
      Beauty Salon $35.60$45.5621.9%
      Toothpaste $3.74$3.701.1%
      Shampoo $1.42$1.2811.1%
      Movie $12.02$12.131.0%
      Bowling $16.50$18.008.3%

      Groceries

      Item Bainbridge National avg. Difference
      Ground Beef $5.87$5.840.6%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.56$4.672.5%
      Potatoes $5.27$4.936.8%
      Pizza $12.97$12.097.3%
      Beer $11.26$10.418.2%

      Health Care

      Item Bainbridge National avg. Difference
      Optometrist $116.93$125.687.0%
      Doctor $122.60$135.789.7%
      Dentist $111.70$113.291.4%
      Ibuprofen $10.73$10.650.8%
      Lipitor $367.50$468.6021.6%

      Housing

      Item Bainbridge National avg. Difference
      Home Price $101,800.00$184,700.0044.9%
      Avg. Mortgage Payment $2,152.45$2,346.698.3%
      Apartment Rent $665.00$949.0029.9%

      Transportation

      Item Bainbridge National avg. Difference
      Gasoline $3.37$3.462.6%
      Tire Balancing $64.50$59.927.6%

      Utilities

      Item Bainbridge National avg. Difference
      All Electricity $189.14$193.992.5%
      Phone $193.94$192.250.9%
      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.
      Boykin, GA26973.0%
      Iron City, GA3058317.3%
      Attapulgus, GA7858218.3%
      Whigham, GA5528316.8%
      Climax, GA2258515.0%
      Bainbridge, GA12,2008515.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Valencia West, AZ12,2011087.7%
      Tucson Estates, AZ12,1981000.2%
      Coldwater, MI12,2038316.9%
      Eatontown, NJ12,19513535.0%
      Amherst, OH12,193946.4%
      Bainbridge, GA12,2008515.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.