Bonanza, GA is a small town in the US located near the Georgia-Alabama border. The rent for a two bedroom apartment in Bonanza is $1,460 which is slightly higher than the US average of $1,430. Bonanza also has a lower Grocery Cost Index of 95 compared to 100 in the US as a whole. Local businesses include Ace Hardware, Dollar General Store, Bonanza Veterinary Hospital and other specialty stores. The overall cost of living in Bonanza is lower than other parts of the US; however, housing costs are slightly higher when compared to the national average.
Bonanza has an unemployment rate of 6.8%. The US average is 6.0%.
Bonanza has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 46.1%, which is higher than the US average of 33.5%.
Tax Rates for Bonanza
- The Sales Tax Rate for Bonanza is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Bonanza is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bonanza
- The average income of a Bonanza resident is $31,045 a year. The US average is $37,638 a year.
- The Median household income of a Bonanza resident is $62,375 a year. The US average is $69,021 a year.