Cost of living in Canton 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 Canton 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 Canton is 96, with 100 being the average.
The cost of living index in Canton is 1.0x lower than the national average.
Canton ranks as the #99 cheapest in Georgia out of 154.
Canton ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Canton is $261,100.
The median income in Canton is $67,355.
According to the most recent data on the cost of living, Canton has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Georgia, Canton has a cost of living index that's 1.1x higher than Georgia's index of 89.
The standard of living in Canton ranks as #99 most affordable out of the 154 places we measured in Georgia. By definition, that implies Canton ranks as the #55 most expensive place in the Peach State.
For more reading on life in Canton, check out:
Six factors go into calculating the cost of living index in Canton. Here is how it fairs on each of the criteria:
The Services index in Canton is 104.
The Groceries index in Canton is 105.
The Health index in Canton is 102.
The Housing index in Canton is 96.
The Transportation index in Canton is 103.
The Utilities index in Canton is 86.
Living Expense | Canton | Georgia | National Average | |
---|---|---|---|---|
Overall | 96 | 89 | 100 | |
Services | 104 | 95 | 100 | |
Groceries | 105 | 96 | 100 | |
Health | 102 | 98 | 100 | |
Housing | 96 | 76 | 100 | |
Transportation | 103 | 90 | 100 | |
Utilities | 86 | 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 2017-2021. The key points are:
The Median Home Value in Canton is $261,100.
The Median Rent in Canton is $1,367.
The Median Income in Canton is $67,355.
The Home Value To Income in Canton is 3.9x.
The Rent To Monthly Income in Canton is 0.24x.
Statistic | Canton | Georgia | United States |
---|---|---|---|
Median Home Value | $261,100 | $206,700 | $244,900 |
Median Rent | $1,367 | $1,110 | $1,163 |
Median Income | $67,355 | $65,030 | $69,021 |
Home Value To Income | 3.9x | 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 Canton. Here's a quick look at the cost of living in the most populous nearby places:
Roswell, GA has a cost of living index of 116, 1.2x Canton.
Alpharetta, GA has a cost of living index of 122, 1.3x Canton.
Milton, GA has a cost of living index of 137, 1.4x Canton.
City | Population | Cost Of Living | Vs. Canton |
---|---|---|---|
Roswell, GA | 92,688 | 116 | 1.2x |
Alpharetta, GA | 65,187 | 122 | 1.3x |
Milton, GA | 40,487 | 137 | 1.4x |
Woodstock, GA | 33,857 | 106 | 1.1x |
Kennesaw, GA | 33,036 | 97 | 1.0x |
Cartersville, GA | 22,626 | 93 | 1.0x |
Acworth, GA | 22,330 | 97 | 1.0x |
Holly Springs, GA | 15,784 | 106 | 1.1x |
Mountain Park, GA | 12,680 | 103 | 1.1x |