Cost of Living in Floyd County, Georgia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Floyd County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Floyd County ranks #2,682 of 3,144 counties for affordability (bottom 15%)
Data Story
About Cost of Living in Floyd County, Georgia
Floyd's rent burden tracks national norms
Floyd County renters spend 18.6% of income on housing, matching the national benchmark perfectly. With median household income at $62,540—well below the national median of $74,755—residents here are stretching dollars further than most Americans, yet their rent-to-income ratio remains stable.
Right in Georgia's sweet spot
Floyd County's 18.6% rent-to-income ratio places it squarely at the state average, making it neither a bargain nor a burden compared to other Georgia counties. This alignment suggests Floyd offers typical housing affordability for the state.
Floyd among Georgia's moderate counties
Floyd's $971 monthly rent sits $44 above the state average and mirrors costs in nearby Gordon County ($872). Renters here pay notably less than Fulton County neighbors ($1,635) but more than rural Franklin County ($778).
Housing costs split between rent and ownership
Floyd renters pay $971 monthly while homeowners allocate $945, nearly equal commitments from a $62,540 median income. Together, these costs consume roughly 30% of household earnings, leaving moderate room for other expenses.
Floyd offers stable, affordable living
If you're relocating from a high-cost urban area, Floyd County provides predictable housing costs without requiring exceptional income to maintain affordability. Compare these figures against your current rent burden to see how much breathing room you'd gain.
Cost of Living Advisory: Floyd County
Affordability Verdict
Floyd County is affordable for renters, with a median gross rent of $971/month representing approximately 18.6% of median household income. The rent burden (GRAPI) stands at 30.0%.
Rent vs. Own
The median rent in Floyd County is $971/month, while owner costs run $945/month. Owning saves approximately $26/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $38,840/year. For owner costs at the 28% rule, the required income is roughly $40,500/year. With a median household income of $62,540, most households can comfortably afford rent here. Notably, 30.0% of renter households in Floyd County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Jones County where rent averages $917/month, Floyd County is approximately 6% more expensive.
Affordability Calculator
See how your income compares to housing costs in Floyd County
Rent Burden
18.6%
of gross income
Max Housing (28% Rule)
$1,459
per month
Owner Cost Burden
18.1%
of gross income
The median home in Floyd County may be a stretch
Median home value is $194,100. Estimated monthly cost: $1,550 vs. your max of $1,459.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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