Cost of living in Thomson 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 Thomson 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 Thomson is 82, with 100 being the average.
The cost of living index in Thomson is 0.8x lower than the national average.
Thomson ranks as the #9 cheapest in Georgia out of 154.
Thomson ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Thomson is $113,000.
The median income in Thomson is $37,500.
According to the most recent data on the cost of living, Thomson has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Georgia, Thomson has a cost of living index that's 0.9x lower than Georgia's index of 89.
The standard of living in Thomson ranks as #9 most affordable out of the 154 places we measured in Georgia. By definition, that implies Thomson ranks as the #145 most expensive place in the Peach State.
For more reading on life in Thomson, check out:
Six factors go into calculating the cost of living index in Thomson. Here is how it fairs on each of the criteria:
The Services index in Thomson is 97.
The Groceries index in Thomson is 93.
The Health index in Thomson is 91.
The Housing index in Thomson is 56.
The Transportation index in Thomson is 84.
The Utilities index in Thomson is 88.
Living Expense | Thomson | Georgia | National Average | |
---|---|---|---|---|
Overall | 82 | 89 | 100 | |
Services | 97 | 95 | 100 | |
Groceries | 93 | 96 | 100 | |
Health | 91 | 98 | 100 | |
Housing | 56 | 76 | 100 | |
Transportation | 84 | 90 | 100 | |
Utilities | 88 | 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 Thomson is $113,000.
The Median Rent in Thomson is $761.
The Median Income in Thomson is $37,500.
The Home Value To Income in Thomson is 3.0x.
The Rent To Monthly Income in Thomson is 0.24x.
Statistic | Thomson | Georgia | United States |
---|---|---|---|
Median Home Value | $113,000 | $206,700 | $244,900 |
Median Rent | $761 | $1,110 | $1,163 |
Median Income | $37,500 | $65,030 | $69,021 |
Home Value To Income | 3.0x | 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 Thomson. Here's a quick look at the cost of living in the most populous nearby places:
Evans, GA has a cost of living index of 106, 1.3x Thomson.
Martinez, GA has a cost of living index of 90, 1.1x Thomson.
Aiken, SC has a cost of living index of 90, 1.1x Thomson.
City | Population | Cost Of Living | Vs. Thomson |
---|---|---|---|
Evans, GA | 38,452 | 106 | 1.3x |
Martinez, GA | 33,829 | 90 | 1.1x |
Aiken, SC | 31,516 | 90 | 1.1x |
North Augusta, SC | 24,013 | 91 | 1.1x |
Grovetown, GA | 15,608 | 89 | 1.1x |
Sandersville, GA | 5,774 | 82 | 1.0x |
Waynesboro, GA | 5,745 | 77 | 0.9x |
Belvedere, SC | 5,330 | 81 | 1.0x |