Cost of Living in Atlanta, Georgia

Cost of living is the total expense that an individual or family has to spend to maintain a good quality of life in a particular area. If you plan to move into a new city, you will want to consider the associated costs you have to spend to live in the region. Cost of living is an excellent way to see if moving into a new home would be a financially sound decision for you and your family.

Cost of Living Index

The table above is the cost of living index showcasing the differences in various categories affecting the total cost. The score is set at a standard of 100 points for the national average. Overall, Georgia is relatively similar to the national average, but the city of Atlanta itself is quite expensive in comparison.

Real Estate Cost in Atlanta

The National Association of Realtors has the median sales price of a single-family home in Atlanta at $216,100. You can expect for a lower home price in the city compared to the national median price of $234,400. Rental rates, however, is higher with an average of $988 for a typical 1-bedroom apartment compared to the country's average of $827.

Check out our original blog post at https://www.atlantadreamliving.com/ for more information.

Utility Bills

Cost of the utitlities for a typical home in Atlanta is about $151.66 per month. This amount is inclusive of electricity, heating, water, and garbage. The internet bill in the city is about $64 a month.

Transportation

Atlanta is a driving town where you are expected to drive in order to get to most locations in the city. The average price of a gallon of gas is $2.72, which is higher than the state average of $2.66. A 30-day public transportation pass in the city is $95.

Check out our original blog post at https://www.atlantadreamliving.com/ for more information.

Georgia Taxes

The sales tax rate in Atlanta is 8.90% with a marginal state tax income rate of 6%, which applies to the taxable income of $7,000 or more. The median property tax rate is $2,692, with a 1.07% property tax rate in Fulton County. 

Check out our original blog post at https://www.atlantadreamliving.com/ for more information.

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If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at 443-992-5700.