St. Simons, GA

Above Avg · 127

Georgia · Population 16,026 · Updated March 2026

$1,626
Median Rent / Month
$105,944
Median Income
$484,100
Median Home Value
$1,538
Owner Costs / Month

Affordability

How far your income goes in St. Simons

18.4%
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

$19,512
Annual Rent
$5,816
State Income Tax
$4,454
Property Tax (est.)

Cost of Living Overview

St. Simons has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 127 (where 100 equals the national median), St. Simons residents can expect to pay median rent of $1,626/month while earning a median household income of $105,944/year.

The median home value in St. Simons, GA is $484,100, with typical monthly owner costs around $1,538 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.4% 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 St. Simons.

Frequently Asked Questions

Common questions about living costs in St. Simons

What is the cost of living in St. Simons, GA?
The cost of living index in St. Simons, GA is 127 (US average = 100). Median monthly rent is $1,626, median household income is $105,944/year, and the median home value is $484,100.
Is St. Simons, GA affordable?
No, St. Simons is more expensive than the national average with a cost index of 127. The rent-to-income ratio is 18.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in St. Simons, GA?
The median gross rent in St. Simons, GA is $1,626 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,512.
What is the median household income in St. Simons?
The median household income in St. Simons, GA is $105,944 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%.