We are here to know the cost of living in Georgia. Before knowing about the living costs in Georgia, you should know about Georgia. So, Georgia is a state located in the Southeastern region of the United States. In the United States, Georgia state is famous for its peaches, its southern hospitality, and for being the birthplace of some of the most influential people in the world including Martin Luther King. According to some reports, Georgia is one of the best places to live in the south. Let’s know about the cost of living in Georgia.
What Is The Cost Of Living In Georgia?
The cost of living in Georgia is 93.4, which is 6.6 % less than the national average cost of 100. The table given below will give you the average cost of living in Georgia. If the value of the cost of living in Georgia per month is less than 100, it means Georgia is cheaper than national living costs. While the average cost of living in Atlanta Georgia is more than 100 means Georgia is more expensive than national living costs. The cost of living in Georgia by County is also low.
|Cost Of Living For||Georgia||USA|
|Median Home Cost||$240,400||$ 291,700|
The cost of living in Atlanta Georgia is severely affected by home rent. Because home rent is the bulk amount that will affect your budget. In the state of Georgia, the common home is worth $166,800 which is $38,100 less than the national median home value of $204,900. Take a look at the table given below which will give an idea about the rental cost in different cities in Georgia. Also, it will give you an idea of the cost of living in Savannah Georgia.
City Approx 1 Bedroom Rent Approx 2 Bedroom Rent
Atlanta $1200 $2795
Savannah $1800 $2000
Athens $1900 $2100
Macon $925 $1495
Augusta $1475 $1950
Next to home rent, food is also an important and everyday expense that has an important impact on the overall cost of living in the state. The cost of living in Georgia vs Pennsylvania has a slight difference. In the state of Georgia, a single person spends $3,156 on food annually.
City Approx Dinner Cost For 2
After looking at the cost of living in Georgia vs Florida, you will find that Florida is more expensive than Georgia. So, transportation can also be an important component of the cost of living. In Georgia, 89.2% of commuters drive to work, compared to 85.5% of commuters nationwide.
Now, you know what is the cost of living in Atlanta Georgia. Let’s know about the other expenses too.
While making a budget you can not ignore your health care cost. In the state of Georgia, the average healthcare cost for a single person is $4,352 annually, compared to the national average of $4,266.
The cost of living in Georgia for international students is affordable because it is lower than the national living costs.
In Georgia, there are some top providers of the Internet called AT&T, Spectrum, and Xfinity. So, the cost for AT&T is $49.99 per month, Spectrum is also $49.99 per month, and Xfinity is $29.98 per month.
In the state of Georgia, the cost of fitness is not the same for all types of Gyms and fitness clubs. Also, charges vary as per membership, whether you buy golden or silver membership.
There is so many places in the state of Georgia to visit. The typical cost for a single person is $45 for a day. It may also change as per area and palace.
Few expenses vary as much from state to state as taxes. The state of Georgia has a 5.75% corporate income tax rate. The state has a 4% state sales tax rate, and a max local sales tax rate of 4.90%.
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Is It Expensive To Live In Georgia?
With the exception of its capital, even the largest cities in Georgia come in below the national average. When compared to other states, Georgia is the 31st most expensive state in the U.S. That helps the cost of living in Georgia.
How Much Does It Cost To Live In Georgia Per Month?
Summary: Family of four estimated monthly costs are 1,917$ (5,196GEL) without rent. A single person estimated monthly costs are 534$ (1,447GEL) without rent. Cost of living in Georgia is, on average, 46.32% lower than in United States.
Is Georgia Cheap To Live?
Georgia is the fifth cheapest state in the United States. Georgia’s housing expenses are the fourth lowest in the country, with costs 25% lower than the national average. Housing affordability is among the highest in the nation, with over 40% of residents able to afford a new home.
Why Are Homes In Georgia So Cheap?
All in all, Atlanta seems to have an abundant inventory of homes and lots just waiting for buyers. When supply outweighs demand, prices always remain low.
So, in this article, we have tried our best to give you an actual value. The table given above will give you Georgia cost of living in comparison with the national cost of living of 100. You ll know that living in the dense, urban metro area is more expensive than living in rural areas. Georgia is home to 14 metropolitan areas. The most expensive in Georgia is the Atlanta-Sandy Springs-Roswell metro area. If you are about to move to Georgia, Now, you can manage your budget because you know the cost of living in Georgia.
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