Lovejoy, GA vs Montgomery, GA

Lovejoy, GA and Montgomery, GA have a very similar cost of living, with only a 2.8% difference in their overall index. Lovejoy scores 101 while Montgomery scores 104 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lovejoy is $1,546/month compared to $1,249/month in Montgomery — a 24% difference. Interestingly, home values tell a different story: while Montgomery has cheaper rent, Lovejoy actually has lower median home values ($228,500 vs $393,700).

Median household income in Lovejoy is $67,872 compared to $86,500 in Montgomery (-21.5%). While Montgomery is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lovejoy spend roughly 27.3% of their income on rent, more than the 17.3% in Montgomery.