Cost of living in Savannah 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 Savannah is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, 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 Savannah is 126, with 100 being the average.
The cost of living index in Savannah is 1.3x higher than the national average.
Savannah ranks as the #375 cheapest in Texas out of 414.
Savannah ranks as the #4,776 cheapest out of 6,489 in the US.
The median home value in Savannah is $422,645.
The median income in Savannah is $131,397.
According to the most recent data on the cost of living, Savannah has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Texas, Savannah has a cost of living index that's 1.4x higher than Texas's index of 90.
The standard of living in Savannah ranks as #375 most affordable out of the 414 places we measured in Texas. By definition, that implies Savannah ranks as the #39 most expensive place in the Lone Star State.
For more reading on life in Savannah, check out:
Six factors go into calculating the cost of living index in Savannah. Here is how it fairs on each of the criteria:
The Services index in Savannah is 121.
The Groceries index in Savannah is 98.
The Health index in Savannah is 111.
The Housing index in Savannah is 157.
The Transportation index in Savannah is 93.
The Utilities index in Savannah is 116.
| Living Expense | Savannah | Texas | National Average | |
|---|---|---|---|---|
| Overall | 126 | 90 | 100 | |
| Services | 121 | 94 | 100 | |
| Groceries | 98 | 98 | 100 | |
| Health | 111 | 95 | 100 | |
| Housing | 157 | 85 | 100 | |
| Transportation | 93 | 94 | 100 | |
| Utilities | 116 | 102 | 100 | |
Housing swings affordability the most between places in Texas, 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 Savannah is $422,645.
The Median Rent in Savannah is $1,875.
The Median Income in Savannah is $131,397.
The Home Value To Income in Savannah is 3.2x.
The Rent To Monthly Income in Savannah is 0.17x.
The cost of living varies in the cities and towns around Savannah. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 129, 1.0x Savannah.
Frisco, TX has a cost of living index of 139, 1.1x Savannah.
McKinney, TX has a cost of living index of 130, 1.0x Savannah.
| City | Population | Cost Of Living | Vs. Savannah |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.0x |
| Frisco, TX | 210,238 | 139 | 1.1x |
| McKinney, TX | 202,314 | 130 | 1.0x |
| Carrollton, TX | 132,741 | 120 | 1.0x |
| Lewisville, TX | 128,313 | 118 | 0.9x |
| Allen, TX | 107,684 | 129 | 1.0x |
| Flower Mound, TX | 77,886 | 135 | 1.1x |
| Little Elm, TX | 51,426 | 125 | 1.0x |
| The Colony, TX | 44,916 | 120 | 1.0x |
| Coppell, TX | 42,029 | 135 | 1.1x |