Newnan, GA

Average · 101

Georgia · Population 43,510 · Updated March 2026

$1,391
Median Rent / Month
$80,299
Median Income
$327,800
Median Home Value
$1,457
Owner Costs / Month

Affordability

How far your income goes in Newnan

20.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Georgia

State-level tax rates that affect your costs

5.49%
Income Tax (Top Rate)
4.0%
Sales Tax
0.92%
Property Tax Rate

Estimated Annual Costs

$16,692
Annual Rent
$4,408
State Income Tax
$3,016
Property Tax (est.)

Cost of Living Overview

Newnan has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 101 (where 100 equals the national median), Newnan residents can expect to pay median rent of $1,391/month while earning a median household income of $80,299/year.

The median home value in Newnan, GA is $327,800, with typical monthly owner costs around $1,457 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Georgia has a moderate income tax rate of 5.49%. Combined with a 4.0% sales tax rate and 0.92% effective property tax rate, the overall tax environment is a factor in the total cost of living in Newnan.

Frequently Asked Questions

Common questions about living costs in Newnan

What is the cost of living in Newnan, GA?
The cost of living index in Newnan, GA is 101 (US average = 100). Median monthly rent is $1,391, median household income is $80,299/year, and the median home value is $327,800.
Is Newnan, GA affordable?
No, Newnan is more expensive than the national average with a cost index of 101. The rent-to-income ratio is 20.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Newnan, GA?
The median gross rent in Newnan, GA is $1,391 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,692.
What is the median household income in Newnan?
The median household income in Newnan, GA is $80,299 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Georgia?
Georgia has a top income tax rate of 5.49%, a sales tax of 4.0%, and an effective property tax rate of 0.92%.