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Cost of Living in Marietta GA 💵 What Is the Average Marietta Cost of Living

Cost of Living in Marietta GA 💵 | What Is the Average Marietta Cost of Living?

Last Updated on: 29th February 2024, 05:49 pm

You’ll be merry in Marietta! RentCafe ranked Marietta as the fourth-best family-friendly city for renters in 2023, praising it for its low cost of living and affordable housing. Even if you’re not living in a family, you may find Marietta GA an affordable and fun place to live.

But you shouldn’t head out for the city just yet. If you want to keep your cost of living low, you have to learn more about major expenses in Marietta, including Georgia state income tax rates. Here is your guide to the Marietta cost of living.

Marietta Cost of Living Index

The Cost of Living Index (COLI) is a way to compare the cost of living in a city or metro area to the national average. The national average has an index of 100, so a city with an index of 110 is 10% more expensive than the national average. You can break the index down into categories, seeing what the cost of housing or utilities is in comparison to the national average.

Marietta is in the Atlanta metro area, so you can use Atlanta cost of living statistics, including the Atlanta COLI, to estimate the cost of living in Marietta GA. Atlanta GA has a COLI of 105, meaning the cost of living in Marietta GA is 5% higher than the national average. Atlanta is more expensive than the national average in most categories; its housing index is 111.3. However, its grocery index is 98.4, and its utilities index is 84.2.

The COLI is a good baseline, but you may want to examine some other indexes and statistics to get a complete picture of the cost of living in Marietta GA. Here are some other statistics you should look at and compare with the cost of living.

Consumer Price Index (CPI)

The Consumer Price Index measures how much the prices of common items change over time. The higher the CPI, the more expensive items are getting. However, even if the CPI goes down during a quarter, prices may have gone up over the last year and may still remain high.

The CPI for the Atlanta-Marietta metro area declined by 0.1% between October and December 2023. However, the CPI rose by 3.6% between December 2022 and December 2023.

The CPI for all expenses rose between December 2022 and December 2023, but fell during the last quarter of 2023. For example, the food index rose 3.6% during 2023, but it fell by 0.4% between October and December 2023. This suggests that the cost of living in Marietta GA may decrease during 2024, though the cost may remain higher than normal for a few years.

Consumer Expenditures Survey (CES)

The Bureau of Labor Statistics conducts the Consumer Expenditure Survey, interviewing Americans about their common expenses. The CES for 2021-2022 in Atlanta found that the average Atlanta household spends $72,537 a year, slightly higher than the national average of $70,052.

Housing is the largest expenditure for the Marietta GA cost of living, at $24,914 a year, or 34.3% of the average household budget. Atlanta-area households spent $12,354 a year on transportation, 17.0% of their average budget, and $9,075 a year on food, 12.5% of their average budget.

Though most expenses in the Atlanta area are higher than the national average, Atlanta households made and saved more money than the national average. The average income in Atlanta per household and before taxes is $106,699, more than $15,000 over the national average. Atlanta households save 32% of what they earn, while the average American household saves just 22.8% of what it earns.

Family Budget Calculator

The Economic Policy Institute’s Family Budget Calculator determines the cost of living in metro areas and counties throughout the country. A family of four living in Cobb County (Marietta’s county) would need to earn $7,175 a month and $86,099 a year to cover their expenses. Health care is the biggest expense for the Marietta GA cost of living, at $1,267 a month and $15,204 a year. Housing is the second-largest expense, at $1,224 a month and $14,688 a year.

Cost of Household Items, Utilities, Gas, and Groceries in Marietta

An easy way to determine the Marietta GA cost of living is to break down your individual expenses. Here are some common expenses in Marietta.

  • 1 gallon of milk: $4.05
  • 1 pound of ribeye: $12.56
  • 12 eggs: $4.00
  • 1 pound of white rice: $1.14
  • 5 pounds of potatoes: $4.00
  • 1 pound of local cheese: $6.13
  • 1 pound of apples: $1.64
  • 1 head of lettuce: $2.47
  • 1 gallon of gasoline: $3.12
  • Average Marietta utilities per month: $254.50
  • 1 one-way local Cobb County Transit ticket: $2.50
  • 30-day local ticket for Cobb County Transit: $72.00
  • Average monthly premium for car insurance in Marietta GA: $170.00

Marietta GA Real Estate Market

Marietta has opportunities for homes for sale, homes for rent, and apartments. 8.3% of housing units in the Marietta real estate market are vacant, meaning that 2,196 properties are available for new residents, including new construction homes in Marietta. 53.8% of units are renter-occupied, making Marietta GA real estate great for renters.

According to Redfin, the average cost of homes for sale in Marietta GA is $447,310. The average home price in Marietta GA per square foot is $215. The Marietta GA average home price has risen by 10.0% since December 2022, while the price per square foot has risen by 18.4%. The median price of single-family homes for sale in Marietta GA is $478,250, while the price of townhouses is $438,650, and the price of condos is $255,000. 22.6% of Marietta GA homes for sale are sold above the list price, but the sale-to-list price is 99%, so you may be able to save a little money on Marietta homes for sale. 23.4% of homes sold in December 2023 had price drops.

The Marietta GA housing market is active, with 106 properties sold in December 2023. 74 single-family homes, 19 townhouses, and 11 condos were sold during that month. The average property for sale spent 34 days on the Marietta housing market in December, though townhouses sold in 17 days and condos sold in 56.

The average annual rent in Marietta is $19,644. The price-to-rent ratio is 22.8, meaning it’s better to rent a house or apartment than buy homes for sale in Marietta GA. Affordable neighborhoods in Marietta include Powers Park. The median sales price is $327,500, and you can find plenty of two and three-bedroom homes covering over 1,200 square feet in the community. Fraiser is the most expensive neighborhood, with Fraiser Marietta homes for sale costing $507,500 on average.

Marietta Rental Market – Average Rent in Marietta GA

According to RentCafe, the average rent in apartments in Marietta GA is $1,637 a month, which is lower than the national average of $1,718. Some neighborhoods are more expensive than the average rent in Marietta GA, including Fraiser, where apartments cost $2,028 a month. Other neighborhoods are more affordable, including Powers Park, where apartments cost $1,555.

According to the 2024 ATTOM Rental Affordability Report, it is more expensive to buy a house than rent in Marietta. However, it can still be hard to cover the cost of houses for rent in Marietta GA. The Out of Reach Report from the National Low Income Housing Coalition finds that the average person working minimum wage in Georgia would need to work 119 hours a week to afford a one-bedroom rental home. A person in Georgia needs to earn $44,810 a year to comfortably cover the cost of a one-bedroom home.

Average Salary and Household Income in Marietta

The median household income in Marietta is $67,589, 5.3% lower than the state average. 37% of Marietta households make less than $50,000 a year, while 13% make over $200,000. According to Payscale, the average salary of jobs in Marietta GA is $72,000 a year, while the average base hourly rate is $19.75.

You have opportunities for high-paying jobs in Marietta GA. Operations managers make an average of $71,729 a year, with some managers making over $100,000. Software engineers make $85,798 a year on average, and all of them make at least $67,000 a year.

Income, Sales, and Property Taxes in Marietta

Marietta residents have to pay income, sales, and property taxes, which can add thousands of dollars to the cost of living in Marietta GA. Here’s what you should know about all taxes in Marietta.

Georgia State Income Tax

Does Georgia have state income tax? Yes, Georgia currently has six state income tax rates, and your Georgia income tax rate is based on your taxable income and filing status. You must pay Georgia state income taxes if you are required to file a federal tax return or if your income exceeds $8,100 a year. Here are the Georgia state income tax rates for single filers:

Taxable income Georgia state income tax rate Taxes owned
$0-$750 1% 1% of your taxable income
$751-$2,250 2% $8, plus 2% of the amount of your income over $750
$2,251-$3,750 3% $38, plus 3% of your income over $2,250
$3,751-$5,250 4% $83, plus 4% of your income over $3,750
$5,251-$7,000 5% $143, plus 5% of your income over $5,250
$7,001+ 5.75% $230, plus 5.75% of your income over $7,000

However, the Georgia Department of Revenue is transitioning to a flat tax structure in 2025. When you file your tax returns that year, you will pay 5.49% of what you earn in taxable income, regardless of your income.

Sales Tax

All residents must pay a Georgia sales tax of 4% whenever they buy tangible goods, including clothes and food. Marietta does not charge any sales taxes of its own, but Cobb County charges two 1% special local option sales taxes to fund projects in the county. Each Cobb County sales tax applies to all tangible goods sold in the county. These taxes mean that you pay a 6% sales tax for all tangible goods in Marietta.

City of Marietta Property Tax

The Cobb County Tax Assessor levies Cobb County property taxes for all county residents, including people living in Marietta. You pay 40% of the fair market value of your home, as determined every year by the assessor.

The Marietta Tax Division also charges its own property taxes, so you have to pay two sets of property taxes every year. City of Marietta property tax rates are based on millage rates; one mill is one dollar per $1,000 of the assessed value of your home. All Marietta residents pay a millage rate of 31.247.

The city provides some Marietta property tax exemptions. All homeowners qualify for a $4,000 homestead exemption. You should review the exemptions and talk to a tax lawyer to see if you qualify.

Marietta vs Alpharetta Cost of Living

Marietta can be a more affordable place to live than other cities near Atlanta, including Alpharetta. Here’s how the Marietta GA cost of living compares to the cost of living in Alpharetta GA.

Item Cost of item in Marietta Cost of item in Alpharetta
1 pound of chicken fillets $7.13 $5.85
1 pound of oranges $1.58 $2.02
1 head of lettuce $2.47 $2.78
1 bottle of mid-range wine $13.00 $15.00
Monthly fee for one adult at a fitness club $30.00 $29.99
Monthly fee for a full-day, private kindergarten $800.00 $1,033.33
1 pair of jeans $55.00 $49.55
Price of homes for sale per square foot $215.00 $270.00
Average rent per month $1,637 $1,975
Average utilities per month $254.50 $283.33

The cost of living in Marietta GA is affordable, though you may need to adjust your lifestyle a little. Renters can find plenty of apartments in Marietta GA and houses for rent in Marietta GA at affordable prices, and most people make enough money that they can save thousands of dollars a year. However, groceries and utilities can be expensive, so you should reduce how much money you spend on meat, electricity, and internet.

You can also save by hiring experienced Marietta movers to perform your move. Wirks Moving has served over 20,000 customers in Georgia while maintaining a customer referral rate of 98%. Get a free moving estimate by calling 404-635-6683.

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