(The Center Square) – Residents of Forsyth County need to make $3,993 every month to maintain a modest standard of living, making it the most expensive place in Georgia to live, according to an analysis from 24/7 Wall St.
The Economic Policy Institute’s Family Budget Calculator was used to determine the local cost of living, which includes housing, food, health care, transportation and other necessities. In many of the locations identified, housing costs can account for more than 30 percent of these expenses.
The monthly housing cost in Forsyth County was $1,085. And the median household income in the region stood at $101,743.
The May 2020 jobless rate there was 7.3 percent. Unemployment rates in these counties tended to be below the 13 percent national average during the coronavirus pandemic, the website reported, while local population growth in recent years was above the U.S. average.
The 24/7 Wall St. analysis ranked counties by estimating the cost of living for a single adult resident to have a modest quality of life.
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Most Expensive Regions in Each State
State
Most Expensive County to Live In
Monthly Cost of Living
Monthly Housing Costs
Median Annual Household Income
May 2020 Jobless Rate
Alabama
Shelby
$3,577
$841
$75,761
6.5%
Alaska
Denali Borough
$4,362
$1,087
$84,196
14.7%
Arizona
Coconino
$3,611
$816
$57,616
11.7%
Arkansas
Saline
$3,066
$643
$62,152
8.1%
California
San Mateo
$6,391
$2,228
$113,776
11.1%
Colorado
Douglas
$4,328
$1,302
$115,314
8.2%
Connecticut
Fairfield
$3,978
$1,097
$92,969
9.3%
Delaware
New Castle
$3,522
$873
$70,996
14.9%
Florida
Monroe
$4,000
$1,001
$67,023
17.7%
Georgia
Forsyth
$3,993
$1,085
$101,743
7.3%
Hawaii
Kalawao
$4,565
$1,174
$61,875
N/A
Idaho
Blaine
$3,711
$779
$51,968
14.9%
Illinois
McHenry
$3,806
$981
$84,803
13.3%
Indiana
Hamilton
$3,314
$774
$94,644
7.5%
Iowa
Story
$3,216
$633
$54,554
6.9%
Kansas
Riley
$3,458
$809
$49,910
7.9%
Kentucky
Oldham
$3,134
$672
$97,597
9.1%
Louisiana
St. Tammany
$3,353
$791
$67,706
12.3%
Maine
Cumberland
$3,770
$974
$69,708
10.3%
Maryland
Calvert
$4,866
$1,522
$104,301
7.7%
Massachusetts
Nantucket
$4,337
$1,282
$105,171
17.3%
Michigan
Leelanau
$3,595
$688
$63,831
17.1%
Minnesota
Washington
$3,551
$903
$92,376
9.2%
Mississippi
Madison
$3,335
$738
$71,690
10.0%
Missouri
Andrew
$3,207
$576
$55,683
5.3%
Montana
Madison
$3,627
$720
$50,247
7.4%
Nebraska
Arthur
$3,642
$549
$43,854
3.5%
Nevada
Churchill
$3,472
$733
$51,514
8.3%
New Hampshire
Rockingham
$3,527
$943
$90,429
14.6%
New Jersey
Hunterdon
$4,108
$1,089
$112,535
11.1%
New Mexico
Harding
$3,214
$564
$30,875
3.0%
New York
Putnam
$5,181
$1,511
$102,186
10.6%
North Carolina
Camden
$3,993
$880
$63,349
8.3%
North Dakota
Dunn
$3,970
$1,003
$70,500
6.6%
Ohio
Hocking
$3,150
$607
$50,000
11.0%
Oklahoma
Ells
$3,406
$565
$52,705
8.2%
Oregon
Clackamas
$3,965
$1,115
$76,597
13.1%
Pennsylvania
Chester
$3,833
$1,007
$96,726
9.6%
Rhode Island
Newport
$3,503
$943
$77,237
13.9%
South Carolina
Beaufort
$3,649
$878
$63,110
11.3%
South Dakota
Custer
$3,214
$591
$55,472
11.1%
Tennessee
Williamson
$3,737
$1,013
$109,026
7.4%
Texas
Fort Bend
$3,629
$1,048
$95,561
12.8%
Utah
Summit
$3,613
$827
$100,453
16.9%
Vermont
Grand Isle
$3,999
$944
$69,583
12.5%
Virginia
Fairfax
$4,959
$1,707
$121,133
8.8%
Washington
King
$3,787
$1,167
$89,418
14.3%
West Virginia
Jefferson
$3,502
$760
$76,503
10.0%
Wisconsin
St. Croix
$3,415
$697
$81,124
13.8%
Wyoming
Teton
$3,942
$882
$83,831
15.0%
Source: 24/7 Wall St.
