B+
7%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
28%
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 Norcross Georgia National
Cost of living10793100
Goods & Services10097100
Groceries10198100
Health care109100100
Housing12886100
Transportation9994100
Utilities8186100

An Overview of Cost of Living in Norcross, GA

Are you thinking about relocating, but curious about the potential cost of living in Norcross? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Norcross stands at 107, making it 7% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Norcross 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 Norcross can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Housing costs make up a big chunk of the cost of living in Norcross, 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 27.9% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Norcross Affordable?

Is Norcross an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Norcross is 24.7% higher than the national average, while the average monthly rent prices are 35.4% higher than average. The affordability of any location can also be influenced by median income levels. Norcross has a median household income of $65,409, which is 18.2% higher than the national average.

What Factors can Influence the Cost of Living in Norcross?

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Norcross, the baseline sales tax rate begins at 4%, and income tax rates start at 1%.

Where is the Data From?

The cost of living in Norcross, 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.

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Cost Of Living Quick Facts

  • The cost of living in Norcross is 15% higher than the Georgia average
  • The cost of living in Norcross is 7% higher than the national average
  • Norcross housing is 28% 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 Norcross

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Compare Norcross, GA Cost of Living

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      Salary Calculator

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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$82,298$6,858$1,920$2,469
      Renters$42,146$3,512$983$1,265
      The affordability of the housing market in Norcross, 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 Norcross homeowners, the median income is $82,298. This indicates that a monthly maximum of $1,920 should be spent by homeowners on all housing related costs. Renters have a median income of $42,146. This indicates that renters would have a maximum of $983 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 Norcross 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 Norcross 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 Norcross 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 Norcross National avg. Difference
      Home Price $230,300.00$184,700.0024.7%
      Avg. Mortgage Payment $2,292.55$2,346.692.3%
      Apartment Rent $1,285.00$949.0035.4%

      Transportation

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

      Utilities

      Item Norcross 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.
      Rest Haven, GA438713.1%
      Stone Mountain, GA6,376946.5%
      Redan, GA34,870945.7%
      Candler-McAfee, GA24,419954.7%
      Clarkston, GA12,747954.5%
      Norcross, GA16,8761076.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Southbridge Town, MA16,8651099.2%
      Norwalk, OH16,8608910.8%
      Wayne, MI16,8948910.7%
      Moraga, CA16,896239139.1%
      Stafford, TX16,9041022.3%
      Norcross, GA16,8761076.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.