Cost of Living in Lakeview Estates, GA

With a cost of living index of 58, Lakeview Estates, GA is one of the most affordable cities in the country. Living here is 42% cheaper than the national average and 25% below the Georgia state average of 82. Lakeview Estates is a small community of 3,057 residents.

Housing costs are the biggest factor in Lakeview Estates's cost of living. The median monthly rent is $641 (51% below the US median of $1,319), and the median home value sits at $38,400 (87% below the national median of $304,900). At current prices, the median home costs roughly 0.8x the median household income — well within traditional affordability guidelines.

The median household income in Lakeview Estates is $45,589, which is 39% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Lakeview Estates. The area sees an average annual temperature of 61.5°F, with summers averaging 78°F and winters around 44°F. Annual rainfall totals 51.4 inches spread over roughly 128 days.

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.