Cost of Living in Georgia

Georgia, with its vibrant culture, historical landmarks, and diverse landscapes, is an attractive destination for many looking to relocate. In this guide, we’ll break down the average cost of living in Georgia, providing you with valuable insights to help you make an informed decision about whether this Southern state is the right fit for you.

Average Cost of Living in Georgia

Georgia offers a cost of living that is approximately 11% lower than the national average. However, it’s important to note that this can vary significantly depending on the specific city you choose to call home. Let’s delve into the different expense categories:

1. Housing Costs
   The median home price in Georgia at the beginning of 2022 was $367,000, over 6% lower than the national average. Rental costs are also favorable, with a two-bedroom apartment coming in nearly 2% lower than the national median of around $1,300. However, it’s crucial to remember that housing costs can fluctuate greatly across Georgia. For example, the central city of Dublin is nearly 40% lower than the national average, while the Atlanta metro area is about 11% higher.
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   • Georgia Metro Area:
     • Atlanta: $389,950
     • Savannah: $377,450
     • Augusta: $284,950
     • Columbus: $199,900
     • Macon: $174,950
2. Utilities
   Utility costs in Georgia range from 1% lower to 17% lower than the national average, depending on the specific city. For example, the northwest city of Dalton boasts utility costs that are 1% lower, while Douglasville, west of Atlanta, enjoys costs that are 17% lower.
3. Groceries
   Grocery prices in Georgia range from around 8% lower to 5% higher than the national average, depending on the city. For instance, Augusta, near the South Carolina border, offers groceries that are around 8% lower, while Douglasville’s prices are 5% higher.
4. Transportation
   Transportation costs in Georgia, including gasoline and oil changes, are approximately 6% lower than the average in the U.S. This varies by city, with Augusta having the lowest costs at 16% less than average.
5. Health Care
   Health care costs in Georgia range from around 13% lower to 5% higher than the national average. Douglasville leads with costs around 13% lower, while Atlanta’s costs are about 5% higher.
6. Taxes
   Georgia’s tax on income ranks in the middle-to-lower end compared to other states. The state’s highest tax bracket rate is 5.75% for individuals earning at least $7,000 annually. Additionally, Georgia has one of the lowest sales tax rates at 4%, although when combined with the average local rate, it can reach up to 7.35%.
7. Miscellaneous Goods & Services
   This category covers a range of expenses, including restaurant food, clothing, entertainment, activities, and personal care. Costs in Georgia can be nearly 12% lower to more than 7% higher than the national average. Savannah represents most Georgia cities, offering costs that are around 3% lower than the national average.

Conclusion: Affordability and Lifestyle in Georgia

Considering the lower cost of living in Georgia, it’s an attractive option for those looking for a more budget-friendly lifestyle without compromising on quality. To determine if Georgia is the right move for you, compare the cost of living in your current city with the Georgia city of your dreams. With careful budgeting and planning, you can make a confident decision about your future in the Peach State.

If you’re considering a move to Georgia, it’s crucial to work with a trusted real estate agent who knows the local market. To find a reliable agent, consider using our Endorsed Local Providers (ELP) program, where agents have earned the right to be called RamseyTrusted by consistently providing exceptional service.