Cost of living in Banks County, GA
Population 18,757 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Banks County
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Banks County
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Banks County
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Banks County
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Banks County
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Banks County
State and local tax rates for Georgia.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Banks County
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Banks County
What it costs to live in Banks County each month.
- Rent $817
- Energy $205
- Water $55
- Groceries $324
- Transport $320
- Healthcare $480
- Federal tax $507
- State tax $188
- Rent $905
- Energy $246
- Water $65
- Groceries $537
- Transport $420
- Healthcare $864
- Federal tax $796
- State tax $315
- Rent $1,261
- Energy $308
- Water $75
- Groceries $815
- Transport $520
- Healthcare $1,350
- Childcare $1,200
- Federal tax $796
- State tax $315
Frequently asked questions about Banks County
Common questions about cost of living, rent and salary.
What is the average rent in Banks County?
In Banks County, GA, a one-bedroom apartment averages $817 per month, a two-bedroom averages $905 per month, a three-bedroom averages $1,261 per month, according to HUD Fair Market Rent data.
What is the average salary in Banks County?
In Banks County, GA, the average household income is $68,830 per year and individual earnings for full-time workers average $41,058 per year, according to U.S. Census Bureau data.
What is the cost of living in Banks County?
The estimated cost of living in Banks County, GA is approximately $2,896 per month for a single person, $4,148 for a couple, $6,640 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Banks County?
The combined sales tax rate in Banks County, GA is 7.38%, which includes the Georgia state rate of 4.00% plus an average local rate of 3.38%.
Is Banks County an affordable place to live?
Based on the data, a single person in Banks County, GA would need approximately $2,896 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $68,830 per year ($5,736 per month). Banks County has a moderate cost of living relative to local earnings.
How much does healthcare cost in Banks County?
The ACA marketplace benchmark premium in Banks County, GA is approximately $480 per month for an individual. Approximately 11.8% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Banks County?
The average home value in Banks County, GA is $251,700, with average annual property taxes of $1,586, according to U.S. Census Bureau data.
How does Banks County compare to other areas?
You can compare Banks County, GA with any other US county using our comparison tool at /compare. Banks County is in Georgia.
Other counties in Georgia
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About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP