Quick facts: Cochran, GA

Quick Facts

97.5
Cost of Living
below US average
4,647
Population
28.19
Crime Rate per 1000
above US average
$31,326
Median Income
below US average
$185,000
Median House Price
above US average
$813.64
Average Rent
below US average
19%
Poverty Rate
above US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $31,326.

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Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $31,326
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Income Needed to Rent

⚠ Stretch
$35k/year
Based on $813.64/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $35k vs median $31,326
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cochran, GA

Cochran is a small city located in Bleckley County, Georgia, situated in the central part of the state. It serves as the county seat and features a charming blend of Southern hospitality and rich history. The city was founded in the late 19th century and has retained much of its quaint, small-town character. Cochran is known for its close-knit community and local events that bring residents together. The city's location provides easy access to nearby larger cities, making it a tranquil place to live while still being able to enjoy suburban amenities. The area offers various recreational activities, including parks and outdoor spaces for residents to enjoy. Cochran is also home to numerous historical sites, showcasing its cultural heritage, including old churches and classic Southern architecture. The city hosts festivals and community gatherings throughout the year, celebrating its traditions and fostering a sense of belonging among its residents. With its combination of small-town charm and community spirit, Cochran represents a peaceful place to live or visit for those seeking a glimpse into rural Georgia life.

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