Key Takeaways:
- Augusta offers significant affordability advantages. Costs run ~16–19% below state and national averages, with housing ~37% under the U.S. median. Lower healthcare and transportation costs make it attractive for retirees, families, and professionals seeking comfort without the high costs of big cities.
- Northeastern states come with steep premiums, especially in housing. NY, NJ, and MA run 14–46% above the national average. In Boston and NYC, home prices can be 200–600% higher than in Augusta, underscoring how location drives affordability.
- Comparing more than prices leads to better financial decisions. Cost-of-living tools show only part of the picture. Fold in taxes, income potential, and lifestyle (ideally with a professional) to turn regional differences into clear strategies for relocation, retirement, or long-term planning.
Deciding where to live, work, or retire often starts with a single question: how far does your money really go? The cost of living can determine not only your monthly budget but also your day-to-day lifestyle. While some regions offer a slower pace and lower prices, others come with plenty of excitement and steeper expenses.
When comparing Augusta, Georgia, to northeastern states like New York, New Jersey, and Massachusetts, the differences can be striking. Housing, taxes, and healthcare alone can shift the total amount you need to maintain the same standard of living by thousands of dollars per year.
Understanding these differences can help you make more informed financial decisions, whether you’re preparing for retirement, accepting a new job, or simply weighing the trade-offs of a potential move. Each region below is examined across key categories that shape real affordability, including home prices, taxes, and transportation.
Quick Review: How We Are Evaluating Things
Before comparing states and cities, let’s clarify the approach used to accurately and consistently measure cost-of-living differences.
Comparing States: Using the Cost of Living Index
We used the World Population Review Cost of Living Index to evaluate each state against the national average. This index measures the cost of covering basic needs, including food, housing, transportation, and healthcare, nationwide.
A score of 100 represents the national baseline. States scoring above 100 are more expensive than average, while those below 100 are more affordable. For instance, a state with a score of 120 would cost 20% more to live in than the national average.
Comparing Cities: Using Augusta, GA as the Benchmark
When comparing different cities, we used Augusta, Georgia, as the reference point rather than the national average. The median household income in the U.S. for 2024 was $83,730, and this figure serves as the baseline salary used when comparing what that same income buys in each city relative to Augusta’s overall affordability.1
For these city-level evaluations, we relied on the NerdWallet Cost of Living Calculator to estimate differences in spending across five primary categories: housing, transportation, food, entertainment, and healthcare.
Each category includes a “basket of goods”: specific, representative expenses that make the comparison more tangible and meaningful.
- Housing Costs: Median 2-bedroom apartment rent and median home price for a standard 3-bedroom, 2-bathroom home.
- Transportation Costs: Gas (per gallon).
- Food Costs: Bread, a dozen eggs, a gallon of milk, a 12-inch Pizza Hut pizza, and a McDonald’s Quarter Pounder with cheese.
- Entertainment Costs: A movie ticket, a yoga class, and a 6-pack of Heineken beer.
- Healthcare Costs: The cost of a doctor’s visit, a dentist visit, an optometrist visit, and a prescription for Lipitor.
Please note: Due to some location limitations of NerdWallet’s calculator, we used the Ramsey Solutions Calculator for two locations in Massachusetts. The calculator evaluates the exact dimensions, albeit with slightly different baskets of goods. If you’re curious, you can explore this calculator here.3
Augusta, Georgia
Set along the Savannah River, Augusta, Georgia, offers a welcoming mix of affordability, outdoor recreation, and southern charm. Known for hosting The Masters Tournament, the city strikes a balance between history and hospitality, with a growing economy anchored by healthcare, manufacturing, and the nearby Fort Eisenhower military base. Its manageable size, short commute times, and warm climate make it a comfortable fit for families, professionals, and retirees alike.
Here’s how Augusta’s costs compare to both state and national averages.
- Overall Comparison: The cost of living in Augusta, GA, is 19% lower than the Georgia state average and 16% lower than the national average, making it one of the most affordable cities in the Southeast.
- Housing Costs: Housing is 20% lower than the Georgia average and 37% lower than the U.S. average, making homeownership highly attainable.
- Transportation & Goods: Transportation costs are 2% lower than the state average and 5% lower than the national average. While goods and services overall are 32% lower than Georgia’s average, and 10% below the national average.
- Food Costs: Groceries and dining are 2% lower than the state average and 4% lower than the national average, offering substantial value for daily living.
- Goods and Services (Including Entertainment): Overall, goods and services are 32% lower than Georgia’s average and 10% below the national average.
- Healthcare Costs: Healthcare services are 15% lower than Georgia’s average and 19% below the national average, supported by Augusta’s established hospital network.
New York Location Comparisons
As one of the most economically diverse states in the country, New York offers both high-earning potential and higher expenses. From the energy of Manhattan to the tranquility of the Finger Lakes, living costs can swing widely depending on where you settle. Overall, the state’s cost of living index is 123.3, indicating that it costs approximately 23% more to live in New York than the national average.
Housing and Utilities
Housing remains the most significant factor driving overall prices. With a housing index of 168.0, home prices and monthly mortgage payments are often far above what you’d find nationally. Utilities, however, are closer to average with a 99.7 score, suggesting moderate energy and insurance costs relative to other northern states.
Daily Expenses
Beyond housing, everyday spending also tends to increase. Groceries, transportation, and healthcare each range between 103.9 and 108.9 on the scale, reflecting modest but consistent increases across basic needs. Even miscellaneous expenses, such as dining out and entertainment, sit near 106.9, showing that while the state offers variety and opportunity, it often comes at a premium.
New York City Comparison
New York City (Manhattan)
New York City is a global hub of finance, culture, and creativity. Living here means constant motion, world-class amenities, and access to nearly anything at any hour. It also comes with one of the steepest price tags in the country.
- Housing Costs: Compared to Augusta, GA, housing costs are 686% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 24% higher.
- Food Costs: Compared to Augusta, GA, food costs are 23% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 41% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 77% higher.
Albany
Albany, the state capital, combines history, higher education, and a manageable pace of life. Its cost of living falls well below that of New York City while offering a mid-sized feel and access to the Hudson Valley’s scenic surroundings.
- Housing Costs: Compared to Augusta, GA, housing costs are 63% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 9% higher.
- Food Costs: Compared to Augusta, GA, food costs are 7% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 21% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 21% higher.
Buffalo
Buffalo has evolved from an industrial powerhouse into a revitalized Great Lakes city celebrated for its architecture, food culture, and access to outdoor recreation. Its affordability and strong community bonds make it one of New York’s most livable metro areas.
- Housing Costs: Compared to Augusta, GA, housing costs are 50% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 8% higher.
- Food Costs: Compared to Augusta, GA, food costs are 1% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 6% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 8% higher.
New Jersey
New Jersey offers a blend of suburban living, coastal appeal, and proximity to major employment hubs, including New York City and Philadelphia. The state’s neighborhoods range from quiet small towns to urban centers, offering a mix of family-friendly communities and commuter access to larger metropolitan areas. Overall, New Jersey’s cost of living index is 114.6, indicating that it costs approximately 14% more to live there than the national average.
Housing and Utilities
Housing remains the most significant contributor to the state’s higher expenses. With a housing index of 136.9, home prices and mortgage payments sit well above the national median. Utilities are much more moderate at 100.6, keeping energy and household bills near the U.S. baseline.
Daily Expenses
Daily living costs in New Jersey lean slightly higher than average but are not extreme. Groceries, transportation, and healthcare score between 104.2 and 107.5, while miscellaneous expenses, such as dining, entertainment, and personal services, average 107.5.
New Jersey Location Comparisons
Newark-Elizabeth
Newark is New Jersey’s largest city and a vital transportation and business hub, offering close access to New York City and the Northeast corridor. It combines historic neighborhoods, revitalized districts, and a fast-paced urban energy.
- Housing Costs: Compared to Augusta, GA, housing costs are 111% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 10% higher.
- Food Costs: Compared to Augusta, GA, food costs are 9% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 17% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 33% higher.
Bergen-Passaic
Suburban North Jersey living with quick access to New York City. The area combines leafy neighborhoods, strong school districts, bustling downtowns, and diverse dining options, along with proximity to parks in the Ramapo Mountains and the Hudson waterfront.
- Housing Costs: Compared to Augusta, GA, housing costs are 137% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 10% higher.
- Food Costs: Compared to Augusta, GA, food costs are 10% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 20% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 32% higher.
Middlesex-Monmouth
A blend of central- and shore-county lifestyles: research hubs and suburban neighborhoods in Middlesex, beach towns and marinas in Monmouth. Residents enjoy commuter access to NYC, strong healthcare and university anchors, and weekend escapes to boardwalks, county parks, and coastal trails.
- Housing Costs: Compared to Augusta, GA, housing costs are 117% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 13% higher.
- Food Costs: Compared to Augusta, GA, food costs are 5% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 22% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 42% higher.
Massachusetts Location Comparisons
Massachusetts offers a distinctive mix of historic cities, coastal communities, and top-ranked universities. The state’s economy is driven by education, healthcare, and tech sectors, attracting professional talent from all over the nation. Yet, that concentration of opportunity comes with a premium. The state’s cost of living index stands at 145.9, meaning it costs nearly 46% more to live in Massachusetts than the national average.
Housing and Utilities
Housing is the single largest factor in the state’s high prices. With a housing index of 218.8, real estate values and monthly mortgage payments are among the highest in the U.S. Utilities, however, are more moderate with a 150.0 index (still elevated, but reflecting the energy demands of a colder climate rather than runaway pricing).
Daily Expenses
Everyday costs are also above average, although not as sharply as housing costs. Groceries score 104.4, while transportation sits at 109.5. Healthcare is considerably higher at 125.7, and miscellaneous expenses, such as dining and recreation, average 115.3.
Massachusetts Cities Comparison
Boston
Boston is the cultural and economic center of New England. It’s home to major universities, world-class hospitals, and an active harborfront that blends history with modern city life. While rich in opportunity, it’s also one of the most expensive places to live in the United States.
- Housing Costs: Compared to Augusta, GA, housing costs are 241% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 14% higher/lower.
- Food Costs: Compared to Augusta, GA, food costs are 8% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 27% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 58% higher.
Framingham-Natick
MetroWest communities are renowned for their excellent schools, major retail and dining corridors, and convenient commuter rail service to Boston. You’ll find established neighborhoods, tech-sector employers, and plenty of green space, offering a more affordable alternative to the city while staying connected.
- Housing Costs: Compared to Augusta, GA, housing costs are 173% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 3% higher.
- Food Costs: Compared to Augusta, GA, food costs are 11% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 42% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 33% higher.
Pittsfield
Gateway to the Berkshires with a historic downtown, regional arts venues, and four-season outdoor recreation. Pittsfield offers a slower pace, lower housing costs than those in eastern Massachusetts, and easy access to hiking, lakes, and nearby cultural destinations, such as Tanglewood and Mass MoCA.
- Housing Costs: Compared to Augusta, GA, housing costs are 75% higher.
- Transportation Costs: Compared to Augusta, GA, transportation costs are 25% higher.
- Food Costs: Compared to Augusta, GA, food costs are 12% higher.
- Entertainment Costs: Compared to Augusta, GA, entertainment costs are 21% higher.
- Healthcare Costs: Compared to Augusta, GA, healthcare costs are 44% higher.
How We Help You Turn Cost Comparisons into Real Financial Clarity
Understanding cost-of-living differences is only the first step. Turning those numbers into real-life decisions about where to live, work, or retire takes strategy. Our team helps you compare expenses and evaluate the potential impact of each move on your future by using tools such as a comparison calculator and detailed regional analysis.
We look at more than surface-level figures. Together, we examine how housing costs, income, and taxes align with your broader financial goals, whether you’re considering a move, a job change, downsizing, or purchasing a new home in a different city. By reviewing your whole picture, we help you identify how location impacts your budget, financial needs, and long-term affordability.
Our process involves collaborating with trusted CPAs, attorneys, and real estate professionals, or connecting you with specialists who can help you confidently structure your next step. From assessing mortgage rates to adjusting your financial planning for new taxes or income levels, every decision becomes clearer with accurate, personalized data.
If you’re considering relocation or want to explore how far your salary will stretch in a new city, schedule a complimentary consultation. We’ll create a custom guide to help you make an informed decision with precision and peace of mind.
Resources:
- https://www.census.gov/library/publications/2025/demo/p60-286.html#:~:text=Median%20household%20income%20was%20$83%2C730%20in%202024%2C,declined%20by%203.3%20percent%20for%20Black%20households
- https://www.nerdwallet.com/cost-of-living-calculator
- https://www.ramseysolutions.com/real-estate/cost-of-living-calculator?srsltid=AfmBOoqcv8YBUf7x4_LFPKGqPZVzWvsO1YBhrHmLPWqzc4oiC6Zz51vY
- https://www.rentcafe.com/cost-of-living-calculator/us/ga/augusta/
Clayton joined AP Wealth Management as a fee-only financial planner in 2019 bringing with him over a decade of experience working as a financial planner and investment advisor. Clayton is passionate about the commission-free business model that allows him to sit on the same side of the table as the client, serving as a fiduciary for them. AP Wealth Management is a fee-only fiduciary firm in Augusta, GA, specializing in retirement and financial planning for local residents.
