Cost of Living in College Park, GA

With a cost of living index of 95, College Park, GA is slightly more affordable than average. Living here is 5% cheaper than the national average and 13% above the Georgia state average of 82. College Park is a smaller community of 13,969 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in College Park's cost of living. The median monthly rent is $1,131 (14% below the US median of $1,319), and the median home value sits at $314,500 (3% above the national median of $304,900). At current prices, the median home costs roughly 6.5x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in College Park is $48,505, which is 35% lower than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to College Park. The area sees an average annual temperature of 63.6°F, with summers averaging 80°F and winters around 47°F. Annual rainfall totals 50.4 inches spread over roughly 116 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Atlanta-Sandy Springs-Roswell, GA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.