What is the cost of living in Georgia?
The cost of living in Georgia is 5.2% lower than the US average. According to MIT, the required living wage for a family of four with two working parents in Georgia is $85,101 vs the national average for a family of four with two working parents of $89,744. The median income of a Georgia household is $61,224.
The average home price in Georgia is $190,200, which is lower than the US average home price of $229,800. Median rent in Georgia is $1,042/mo which is lower than the US average rent of $1,096/mo. If you want to adjust homes prices to local incomes, the ratio of home prices to median household income is about 3.1 to 1. That means it takes roughly 3.1 years of a full salary to pay off a house. That compares to the national average of 3.5 to 1.
All in all, Georgia has a low cost of living compared to America as a whole.
People Also Ask About Georgia
Is Georgia a dangerous state?
No, Georgia is not a dangerous state as it ranks as the #29 safest state in the United States based on our analysis of the latest FBI Crime Data. The violent crime rate in Georgia ranks 22nd most dangerous in the United States -- 8.19% worse than US average violent crime rate. The property crime rate in the Peach State ranks 24th most dangerous in the United States -- 2.71% worse than US average property crime rate. The latest reporting year from the FBI was 2022.
Is Atlanta, GA a dangerous city?
Yes, Atlanta is a dangerous city. Atlanta ranks as the #61 most dangerous out of 328 major cities over 100,000 people in the United States based on our analysis of the latest FBI Crime Data. Keep in mind that are always safe and dangerous parts of any city, so even though Atlanta might be considered dangerous you still need to be aware of where you are. For example, Morningside-Lenox Park is the safest in Atlanta, while West End is considered dangerous by many based on recent crime stats.
Compared to other big cities, the violent crime rate in Atlanta ranks 60th highest in America -- 51.87% worse than US average violent crime rate. The property crime rate in the ranks 62nd highest in the United States -- 37.35% worse than US average property crime rate. Note the latest reporting year from the FBI was 2022 and that no city in America is "dangerous". Despite the uptick in murders, it's nothing like you'd see in Tijuana or Caracas where the murder rate is 2x any American city.
What county in Georgia has the lowest cost of living?
The county in Georgia with the lowest cost of living is Appling County. The average living wage in Appling County is $76,261 according to MIT data. Appling County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Georgia as a whole. Childcare costs $9,594 a year in Appling County for two children compared to the Georgia average of $13,033. Housing costs, defined as a blend of the average rent and average mortgage payment, are $7,776 per year in Appling County compared to $12,094 on average in Georgia.
What is the cheapest housing market in Georgia?
The cheapest housing market in Georgia is Waycross. The average home value in Waycross is $71,700, the lowest in the state. The average home value in Georgia is $190,200, almost 2.7 times higher than Waycross.
