A+
0%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
10%
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 Powder Springs Georgia National
Cost of living10093100
Goods & Services9997100
Groceries9798100
Health care94100100
Housing11086100
Transportation9694100
Utilities8086100

An Overview of Cost of Living in Powder Springs, GA

The cost of living in Powder Springs affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Powder Springs is 100, which is 0% equal to the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Powder Springs aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Powder Springs residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Powder Springs Affordable?

Is Powder Springs 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 Powder Springs, for instance, where the median home price falls 2% lower than the national average, and monthly rent rates are 36.6% higher than usual. Additionally, median income levels contribute to the equation, with Powder Springs flaunting a median household income of $72,810, 31.6% higher than the national norm.

What Factors can Influence the Cost of Living in Powder Springs?

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 Powder Springs, the housing index stands at 9.6% higher than the national average.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Powder Springs, the utilities index is 19.7% lower than the national average.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Powder Springs, the groceries index is 2.9% lower than the national average.

Where is the Data From?

The Powder Springs 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 Powder Springs is 8% higher than the Georgia average
  • The cost of living in Powder Springs is equal to the national average
  • Powder Springs housing is 10% 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 Powder Springs

See all the best places to live around Powder Springs

Compare Powder Springs, 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$76,169$6,347$1,777$2,285
      Renters$44,651$3,721$1,042$1,340
      A good way to judge both the affordability of the housing and the cost of living in Powder Springs is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Powder Springs has a median income of about $76,169 for people who own homes. Based on that number, a maximum of $1,777 should be spent on expenses related to housing. Renters have a slightly different median income, which is $44,651. Based on this average, renters should spend no more than $1,042 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Powder Springs National avg. Difference
      Haircut $20.83$24.2614.1%
      Beauty Salon $32.83$45.5627.9%
      Toothpaste $3.60$3.702.8%
      Shampoo $1.22$1.284.7%
      Movie $14.41$12.1318.7%
      Bowling $17.50$18.002.8%

      Groceries

      Item Powder Springs National avg. Difference
      Ground Beef $5.78$5.841.1%
      Fried Chicken $1.43$1.579.3%
      Milk $4.54$4.672.8%
      Potatoes $5.24$4.936.2%
      Pizza $11.13$12.097.9%
      Beer $10.27$10.411.4%

      Health Care

      Item Powder Springs National avg. Difference
      Optometrist $151.92$125.6820.9%
      Doctor $92.83$135.7831.6%
      Dentist $82.67$113.2927.0%
      Ibuprofen $10.24$10.653.9%
      Lipitor $472.05$468.600.7%

      Housing

      Item Powder Springs National avg. Difference
      Home Price $181,000.00$184,700.002.0%
      Avg. Mortgage Payment $1,447.48$2,346.6938.3%
      Apartment Rent $1,296.00$949.0036.6%

      Transportation

      Item Powder Springs National avg. Difference
      Gasoline $3.22$3.467.0%
      Tire Balancing $47.47$59.9220.8%

      Utilities

      Item Powder Springs National avg. Difference
      All Electricity $141.36$193.9927.1%
      Phone $192.75$192.250.3%
      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.
      Lithia Springs, GA17,545927.8%
      Fair Oaks, GA9,447954.7%
      East Point, GA35,031973.2%
      Dallas, GA13,680964.4%
      Austell, GA7,783964.3%
      Powder Springs, GA15,3901000.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pincourt, QC15,382n/a 
      Glasgow, DE15,39911717.4%
      Three Lakes, FL15,37912929.1%
      Talladega, AL15,4058217.7%
      Welby, CO15,37211110.6%
      Powder Springs, GA15,3901000.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.