Cost of living in Lovejoy 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 Lovejoy 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 Lovejoy is 96, with 100 being the average.
The cost of living index in Lovejoy is 1.0x lower than the national average.
Lovejoy ranks as the #83 cheapest in Georgia out of 158.
Lovejoy ranks as the #2,104 cheapest out of 6,489 in the US.
The median home value in Lovejoy is $282,444.
The median income in Lovejoy is $67,872.
According to the most recent data on the cost of living, Lovejoy has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Georgia, Lovejoy has a cost of living index that's 1.1x higher than Georgia's index of 91.
The standard of living in Lovejoy ranks as #83 most affordable out of the 158 places we measured in Georgia. By definition, that implies Lovejoy ranks as the #75 most expensive place in the Peach State.
For more reading on life in Lovejoy, check out:
Six factors go into calculating the cost of living index in Lovejoy. Here is how it fairs on each of the criteria:
The Services index in Lovejoy is 99.
The Groceries index in Lovejoy is 102.
The Health index in Lovejoy is 111.
The Housing index in Lovejoy is 93.
The Transportation index in Lovejoy is 97.
The Utilities index in Lovejoy is 83.
| Living Expense | Lovejoy | Georgia | National Average | |
|---|---|---|---|---|
| Overall | 96 | 91 | 100 | |
| Services | 99 | 99 | 100 | |
| Groceries | 102 | 99 | 100 | |
| Health | 111 | 100 | 100 | |
| Housing | 93 | 85 | 100 | |
| Transportation | 97 | 92 | 100 | |
| Utilities | 83 | 86 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in Lovejoy is $282,444.
The Median Rent in Lovejoy is $1,546.
The Median Income in Lovejoy is $67,872.
The Home Value To Income in Lovejoy is 4.2x.
The Rent To Monthly Income in Lovejoy is 0.27x.
The cost of living varies in the cities and towns around Lovejoy. Here's a quick look at the cost of living in the most populous nearby places:
Stockbridge, GA has a cost of living index of 103, 1.1x Lovejoy.
McDonough, GA has a cost of living index of 100, 1.0x Lovejoy.
Candler-McAfee, GA has a cost of living index of 96, 1.0x Lovejoy.
| City | Population | Cost Of Living | Vs. Lovejoy |
|---|---|---|---|
| Stockbridge, GA | 35,475 | 103 | 1.1x |
| McDonough, GA | 30,056 | 100 | 1.0x |
| Candler-McAfee, GA | 21,316 | 96 | 1.0x |
| Fayetteville, GA | 19,364 | 108 | 1.1x |
| Panthersville, GA | 8,840 | 92 | 1.0x |
| Irondale, GA | 8,722 | 92 | 1.0x |
| Hampton, GA | 8,491 | 96 | 1.0x |
| Tyrone, GA | 7,803 | 113 | 1.2x |
| Gresham Park, GA | 7,544 | 104 | 1.1x |
| Hapeville, GA | 6,590 | 97 | 1.0x |