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To live in Georgia'smost expensive places, you're going to need a couple things to fall into place: a heavy piggy bank, a job that pays the big bucks, and a list of the top ten most expensive places in Georgia for 2022.
Yes, since you can't pay for the Empire State of the South's crazy expensive cost of living in homegrown Georgia peaches and peanuts, you're going to need a job that pays $38,040/year. To get that heavy piggy bank, you're going to want to commit to one of Georgia's highest paying jobs: we recommend healthcare, law, or finance. And if that doesn't work, there are currently 17 Fortune 500 companies and 26 Fortune 1000 companies that include Home Depot, Coca-Cola, and Alfac. More importantly, to get a list of the top ten most expensive places in the Peach State, we recommend that you take a look at HomeSnacks' list below.
Incidentally, if you choose one of Georgia's most expensive places to live, you could find yourself living next to famous Georgia faces like the Cincinnati Bengals player Brandon Thompson who hails from one of the state's most expensive places, Thomasville and the Weather Channel's Mike Bettes who hails from Sandy Springs.
What's the most expensive place to live in Georgia? Well, HomeSnacks crunched the numbers and discovered that Dahlonega is the most expensive place to live in Georgia.
So hopefully Toccoa (the cheapest place to live in Georgia) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about Georgia and the most expensive cities in the country:
The 10 Most Expensive Places To Live In Georgia For 2022
The median income in Dahlonega comes in at $46,250 and the median home value is $415,000 for 2022.
The median income in College Park comes in at $39,164 and the median home value is $199,200 for 2022.
The median income in Chamblee comes in at $66,607 and the median home value is $301,500 for 2022.
The median income in Covington comes in at $39,818 and the median home value is $178,800 for 2022.
The median income in Marietta comes in at $59,594 and the median home value is $310,100 for 2022.
The median income in Atlanta comes in at $64,179 and the median home value is $314,400 for 2022.
The median income in Athens-Clarke County Unified Government (Balance) comes in at $39,713 and the median home value is $186,200 for 2022.
The median income in Peachtree Corners comes in at $65,328 and the median home value is $360,100 for 2022.
The median income in Thomasville comes in at $38,040 and the median home value is $162,800 for 2022.
The median income in Cumming comes in at $50,159 and the median home value is $239,500 for 2022.
Methodology: How We Determined The Most Expensive Places To Live In The Peach State For 2022
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2016-2020 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Georgia to figure out which is the most expensive.
What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 127 places in Georgia that have more than 5,000 people.
The place with the highest cost of living in Georgia according to the data is Dahlonega. You can download the data here.
Summary: Taking A Chunk Out Of Your Paycheck In Georgia For 2022
Well there you have it, the places in Georgia that have the highest cost of living, with Dahlonega ranking as the most expensive city in the Peach State.
Here's a look at the most affordable cities in Georgia according to the data:
For more Georgia reading, check out:
- Best Places To Live In Georgia
- Cheapest Places To Live In Georgia
- Most Dangerous Places In Georgia
- Best Places To Raise A Family In Georgia
- Safest Places In Georgia
- Worst Places To Live In Georgia
Detailed List Of The Most Expensive Cities In Georgia
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