Cost of Living in Colquitt, GA

Housing

The housing market plays a significant role in determining the cost of living in Colquitt, GA.

• Housing Index: 75.0 / 100
• Median Home Price is: $176800
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1200 per month

Considering a move to Colquitt, GA? With a housing index of 75.0, the area shows reasonable affordability compared to national averages. The median home price of 176800 presents a mid-range opportunity for buyers, while both average rents for a 2-bedroom apartment and house are at 1200. This dual rental pricing suggests a stable rental market, but prospective renters and buyers should analyze local amenities and job growth to ensure a well-rounded decision. The current economic trends indicate an increase in demand for housing, a factor worth considering.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Colquitt, GA.

• Electricity Price: 15.53 USD (median by state)
• Natural Gas Price: $27.53 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $200 per month

Living in Colquitt, GA could entail higher utility costs. Electricity costs sit at 15.53, while natural gas is priced at 27.53 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 85.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $47235

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Colquitt, GA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.