Cost of living in Locust Grove research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Locust Grove is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Georgia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Locust Grove is 92, with 100 being the average.
The cost of living index in Locust Grove is 0.9x lower than the national average.
Locust Grove ranks as the #74 cheapest in Georgia out of 154.
Locust Grove ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Locust Grove is $169,500.
The median income in Locust Grove is $57,799.
According to the most recent data on the cost of living, Locust Grove has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Georgia, Locust Grove has a cost of living index that's 1.0x higher than Georgia's index of 89.
The standard of living in Locust Grove ranks as #74 most affordable out of the 154 places we measured in Georgia. By definition, that implies Locust Grove ranks as the #80 most expensive place in the Peach State.
For more reading on life in Locust Grove, check out:
Six factors go into calculating the cost of living index in Locust Grove. Here is how it fairs on each of the criteria:
The Services index in Locust Grove is 100.
The Groceries index in Locust Grove is 103.
The Health index in Locust Grove is 103.
The Housing index in Locust Grove is 71.
The Transportation index in Locust Grove is 101.
The Utilities index in Locust Grove is 84.
|Living Expense||Locust Grove||Georgia||National Average|
Housing swings affordability the most between places in Georgia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Locust Grove is $169,500.
The Median Rent in Locust Grove is $1,162.
The Median Income in Locust Grove is $57,799.
The Home Value To Income in Locust Grove is 2.9x.
The Rent To Monthly Income in Locust Grove is 0.24x.
|Statistic||Locust Grove||Georgia||United States|
|Median Home Value||$169,500||$206,700||$244,900|
|Home Value To Income||2.9x||3.2x||3.5x|
|Rent To Monthly Income||0.24x||0.2x||0.2x|
The cost of living varies in the cities and towns around Locust Grove. Here's a quick look at the cost of living in the most populous nearby places:
McDonough, GA has a cost of living index of 95, 1.0x Locust Grove.
Stockbridge, GA has a cost of living index of 95, 1.0x Locust Grove.
Griffin, GA has a cost of living index of 90, 1.0x Locust Grove.