Cost of Living in Young Harris, GA

With a cost of living index of 78, Young Harris, GA is a very affordable place to live. Living here is 22% cheaper than the national average and 4% below the Georgia state average of 82. Young Harris is a small community of 1,087 residents.

Housing costs are the biggest factor in Young Harris's cost of living. The median monthly rent is $733 (44% below the US median of $1,319), and the median home value sits at $276,500 (9% below the national median of $304,900). At current prices, the median home costs roughly 10x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Young Harris is $27,692, which is 63% lower than the national median of $75,149. Residents spend roughly 32% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.