What You Need to Know About Coweta County, GA, Cost of Living

The cost of living is a straightforward concept. Expenses such as housing, food, transportation, utilities, and healthcare are all included in this category.

Even though it's simple, it's extremely important.

Livelihood choices are largely influenced by your wages, which are directly linked to living costs. It will be difficult for you to buy and do anything if the cost of living is high and your expenses outpace your income.

These costs should play a huge role in deciding where to buy a house and where to live. To find out how much it costs to live in Coweta County, we'll look at the cost of living index.
 
Living Costs in Georgia
 
The cost of living in Georgia is less than the national average when viewed as a whole. Georgia ranks 93.4 out of 100 on the national index, which measures the quality of life for each state.

On the other hand, here is a breakdown of how Georgia ranks compared to the national average of 100:
 
* Groceries/Food – 95.5
* Healthcare – 95.5
* Housing – 80.7
* Utilities – 103.2
* Transportation – 105.1
* Miscellaneous – 94.8
 
Healthcare
The expense of healthcare and the ease with which it can be obtained are critical factors to consider.

The cost of health care is a significant portion of the average American's monthly budget. The cost of healthcare is directly related to your ability to afford it and to get it. State insurance premiums and out-of-pocket costs are commonly used to gauge a state's affordability, but these factors are not the only ones. Your living costs] will rise if rates or out-of-pocket expenses are excessive. Health care accessibility refers to how easy or difficult it is to get the service.

Overall, Georgia ranks 46th in terms of healthcare access and affordability when these two factors are considered.

Utilities
Georgia has slightly higher utility costs than the rest of the country. This is primarily due to the scorching summer months.

During the summer months of June, July, and August, Georgia experiences one of the highest state-wide average temperatures." If you live in Georgia, you can expect your air conditioner to be running nonstop for the summer months. Depending on your thermostat setting and desire for a cool indoor climate could result in higher summer energy costs.
 
Housing

In terms of affordable living costs, Georgia stands out as a desirable option. A score of 80.7 ranks it lower than the national average of 100.

It costs an average of $186,500 to buy a house in the state. To put it another way, Georgia is a great place to buy your first home because of its affordable housing market.
 
Living Costs in Coweta County
 
So how does this relate to Coweta County specifically? We'll use Newnan, Georgia, as an example to show how much it costs to live in the area.

Newnan, Georgia, is the center of administration of Coweta County and the largest city in the Atlanta metropolitan area. At the 2010 census, the population was 33,039, an increase of 103.4 percent from 16,242 in 2000. A total of 41,581 people are expected to live in the city in 2019.

Coweta County's economy is thriving, and the job market is promising. Just 3.5% of residents are unemployed, whereas the national average is 6.0%, and recent job growth shows a gain of 2.9%.

Compared to the rest of the country, the overall cost of living in this area is 3.5% higher. Remember that this is more than compensated for by employment/business prospects, wages, and other advantages. The "suburban atmosphere" of Newnan may appeal to families searching for more space than larger, more crowded cities for their money and an excellent place to raise children.

In other words, Newnan's cost of living is cheaper than the state and most other cities in Georgia, according to certain sources. Housing, utilities, groceries, transportation, health care, and other miscellaneous products and services are all less expensive on average than they are in some states and federal jurisdictions.

Coweta County's housing costs are in line with the rest of Georgia. At $211,600, the typical home value is substantially lower than the national average.
 
What Sets Coweta County Apart
 
Livability
It is the sum of the city's data points and elements weighted to define a reasonable standard of living compared to other cities. According to our comprehensive statistical models, the livability score considers the quality of education, the expense of living, and the general contentment of the population. And Newnan ranks above the rest of the state.
 
Education
Factors such as public school graduation rates, enrolment rates, teacher-to-student ratios, and student/parent reviews" are used to calculate the best education rankings. This statistics and scores are based on a weighted average of the schools in the area.
 
Demographics
A large number of young adults and those wishing to start a family populate the city. The city's average age is around 35. The average family consists of 3.1 individuals, which includes children and their parents. On a national level, Newnan ranks 8329, which is more than the national average for diversity, and on a state level, it ranks 206, which is higher than the state average.
 
The Verdict

Currently, the economy is booming; unemployment is low, and the job outlook is fantastic. The quality of life and education in Coweta County are higher than average, as seen in Newman. Aside from that, it's an excellent spot to raise a family, thanks to its diversified population and low crime rate.

Despite the importance of the cost of living, it isn't the only factor to consider.

Get in touch with the ESP Team Realty if you want to learn more about living in Coweta.