Cost of Living in Tybee Island, GA

With a cost of living index of 121, Tybee Island, GA is a notably expensive place to live. Living here is 21% more expensive than the national average and 38% above the Georgia state average of 82. Tybee Island is a small community of 3,121 residents.

Housing costs are the biggest factor in Tybee Island's cost of living. The median monthly rent is $1,214 (8% below the US median of $1,319), and the median home value sits at $613,400 (101% above the national median of $304,900). At current prices, the median home costs roughly 5.4x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Tybee Island is $112,778, which is 50% higher than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Savannah, 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.