Cherokee County residents are some of the top earners in the state, according to a recent study.
A study on places with the most purchasing power by SmartAsset ranked Cherokee’s median income of $82,740 the fourth-highest in the state. The county ranked behind Forsyth, Oconee and Fayette counties, first, second and third respectively.
Cherokee ranked sixth in purchasing power in the study, with a 61.19 purchasing power index score, based on a weighted cost of living as a percentage of median income. The county had a reported cost of living of $48,472.
To determine cost of living, SmartAsset calculated two different cost of living metrics for a household with one adult and no dependents: the baseline cost of living in each location and expenditures typical to someone making the county’s median income.