Cost Of Living in Hannahs Mill, 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	Hannahs Mill	Georgia	National
Cost of living	85	93	100
Goods & Services	99	97	100
Groceries	96	98	100
Health care	133	100	100
Housing	57	86	100
Transportation	92	94	100
Utilities	86	86	100

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Cost Of Living Quick Facts

The cost of living in Hannahs Mill is 8% lower than the Georgia average
The cost of living in Hannahs Mill is 15% lower than the national average
Hannahs Mill housing is 43% 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	$42,450	$3,538	$990	$1,274
Renters	$37,143	$3,095	$867	$1,114

The affordability of the housing market in Hannahs Mill, 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 Hannahs Mill homeowners, the median income is $42,450. This indicates that a monthly maximum of $990 should be spent by homeowners on all housing related costs. Renters have a median income of $37,143. This indicates that renters would have a maximum of $867 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	Hannahs Mill	National avg.	Difference
Haircut	$17.00	$24.26	29.9%
Beauty Salon	$36.53	$45.56	19.8%
Toothpaste	$3.64	$3.70	1.7%
Shampoo	$1.31	$1.28	2.0%
Movie	$11.49	$12.13	5.3%
Bowling	$14.00	$18.00	22.2%

Groceries

Item	Hannahs Mill	National avg.	Difference
Ground Beef	$6.16	$5.84	5.5%
Fried Chicken	$1.44	$1.57	8.2%
Milk	$4.61	$4.67	1.3%
Potatoes	$5.31	$4.93	7.5%
Pizza	$11.32	$12.09	6.3%
Beer	$10.19	$10.41	2.2%

Health Care

Item	Hannahs Mill	National avg.	Difference
Optometrist	$91.67	$125.68	27.1%
Doctor	$116.11	$135.78	14.5%
Dentist	$95.33	$113.29	15.8%
Ibuprofen	$10.19	$10.65	4.3%
Lipitor	$412.38	$468.60	12.0%

Housing

Item	Hannahs Mill	National avg.	Difference
Home Price	$89,600.00	$184,700.00	51.5%
Avg. Mortgage Payment	$1,593.02	$2,346.69	32.1%
Apartment Rent	$739.00	$949.00	22.1%

Transportation

Item	Hannahs Mill	National avg.	Difference
Gasoline	$3.22	$3.46	7.0%
Tire Balancing	$34.00	$59.92	43.3%

Utilities

Item	Hannahs Mill	National avg.	Difference
All Electricity	$172.47	$193.99	11.1%
Phone	$188.97	$192.25	1.7%

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.
Hilltop, GA	101	98	2.2%
Salem, GA	358	78	22.2%
Woodland, GA	384	80	19.9%
The Rock, GA	94	84	16.1%
Thomaston, GA	8,771	84	16.1%
Hannahs Mill, GA	3,571	85	14.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Guilford, PA	3,571	109	8.7%
Abingdon, IL	3,570	83	17.2%
Dixmoor, IL	3,570	90	10.2%
Lockeford, CA	3,572	138	38.2%
Unicoi, TN	3,572	97	3.4%
Hannahs Mill, GA	3,571	85	14.6%

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 Hannahs Mill, GA