Colquitt, GA is a small city located in the southwestern part of Georgia. It is known for its friendly community and has a population of about 2,000 people. The cost of living in Colquitt is much lower than the national average due to lower rent prices and grocery costs. The average two-bedroom rent in Colquitt is $730 compared to the US average which is $1,430. Additionally, the Grocery Cost Index in Colquitt is 94 versus 100 in the US.
Colquitt contains many local companies that help boost its economy such as Southern Heritage Bank & Trust, S&W Supplies Inc., Martin's Home Furniture Company, Walnut Hill Enterprises LLC., and First South Farm Credit. These businesses provide residents with job opportunities and help keep costs low for everyone living in the area.
In conclusion, Colquitt GA provides a great quality of life for its citizens with affordable rent prices and grocery items. It also has great local businesses that offer job opportunities to locals while helping reduce living costs even further.
Colquitt has an unemployment rate of 3.2%. The US average is 6.0%.
Colquitt has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 42.7%, which is higher than the US average of 33.5%.
Tax Rates for Colquitt
- The Sales Tax Rate for Colquitt is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Colquitt 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 Colquitt
- The average income of a Colquitt resident is $23,326 a year. The US average is $37,638 a year.
- The Median household income of a Colquitt resident is $28,667 a year. The US average is $69,021 a year.