B
7%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
Search Homes for Sale
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 Mountain Park Georgia National
Cost of living10793100
Goods & Services10097100
Groceries10198100
Health care109100100
Housing12986100
Transportation9994100
Utilities8186100

An Overview of Cost of Living in Mountain Park, GA

Knowing the cost of living in Mountain Park 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 Mountain Park stands at 107, marking it 7% higher than the national average.

The cost of living in Mountain Park closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Mountain Park can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

When it comes to the cost of living in Mountain Park, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 28.6% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Mountain Park Affordable?

Is Mountain Park 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 Mountain Park, for instance, where the median home price falls 21.2% higher than the national average, and monthly rent rates are 46% higher than usual. Additionally, median income levels contribute to the equation, with Mountain Park flaunting a median household income of $75,616, 36.7% higher than the national norm.

What Factors can Influence the Cost of Living in Mountain Park?

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Mountain Park comes in at 18.9% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Mountain Park, the housing index stands at 28.6% higher than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Where is the Data From?

The cost of living in Mountain Park, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

New Real Estate Listings in Mountain Park Area
Search Homes for Sale in Mountain Park, GA

Cost Of Living Quick Facts

  • The cost of living in Mountain Park is 16% higher than the Georgia average
  • The cost of living in Mountain Park is 7% higher than the national average
  • Mountain Park housing is 29% 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 Mountain Park

See all the best places to live around Mountain Park

Compare Mountain Park, GA Cost of Living

      vs
      How would you rate the cost of living in Mountain Park?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Mountain Park?
      Write a review to give others more information about this area.
      See all Mountain Park poll results

      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$82,545$6,879$1,926$2,477
      Renters$50,938$4,245$1,188$1,528

      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 Mountain Park 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 Mountain Park 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 Mountain Park 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 Mountain Park National avg. Difference
      Home Price $223,800.00$184,700.0021.2%
      Avg. Mortgage Payment $2,292.55$2,346.692.3%
      Apartment Rent $1,386.00$949.0046.0%

      Transportation

      Item Mountain Park National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $69.77$59.9216.4%

      Utilities

      Item Mountain Park 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.
      Lakeview Estates, GA2,5467821.9%
      Conley, GA6,6458713.3%
      Lithonia, GA2,4889010.0%
      Panthersville, GA10,164928.3%
      Stone Mountain, GA6,376946.5%
      Mountain Park, GA13,1761077.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Miami, OK13,1768218.3%
      Warrensville Heights, OH13,1788514.8%
      Tiny, ON13,182n/a 
      Bardstown, KY13,169927.9%
      Rogers, MN13,18312020.3%
      Mountain Park, GA13,1761077.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.