Georgia is one of the popular states that Americans have moved to in recent years. Its low cost of living, strong job market, and abundance of welcoming communities are just a few of the reasons people are considering relocating to Peach State. To find out if you can afford to live in Georgia, take a closer look at expenses for things like housing, taxes, food, and bills in Georgia.
How much does an apartment cost in Georgia?
If you are planning to rent a home, you can expect rental prices to be higher than the national average rates. In Atlanta, for example, a one-bedroom apartment costs about $ 1,450, a 2% increase from the previous year. That said, you can find affordable housing in the state if you look hard enough.
How to find cheap apartments in Georgia?
Here are some tips to help you find a cheap apartment in Georgia:
- Avoid popular moving seasons: As unit availability increases during popular moving times for tenants, the increased demand usually drives up rental prices as well. To avoid this increase, make sure you understand how seasonality influences the rental market.
- Look beyond the city: Broaden your search and look outside major cities in Georgia, especially neighboring suburbs. If you can work remotely or if you don’t work in the city, you can live a little further away. Not only are the prices lower on the outskirts, but you can often get a large apartment with a courtyard or garden.
- Look at many apartments: Look at several apartments and compare them. Evaluate the potential and benefits of each apartment you see.
- Make multiple offers: Rather than get attached to an apartment and risk getting frustrated if you don’t get it, bid on lots of apartments that you love.
Browse Apartments Across Georgia
What’s the cheapest rent in Georgia?
The price range for an inexpensive apartment in Georgia is between $ 450 and $ 8,224.
Atlanta has one of the highest average monthly utility bills in the U.S. For a single-family home, the average monthly water costs $ 70.39, natural gas $ 99.33, electricity 126 , $ 38, basic cable TV service $ 85, and Internet about $ 60 per month. These basic expenses total $ 441.10 per month, which is more than the national average of $ 384.24.
Food prices in Georgia vary from city to city. In Atlanta, for example, a single adult will need to spend around $ 312.65 on food per month. In Macon, that amount comes down to about $ 288.46. Either way, each of these estimates is lower than the average of US $ 342.
If you like to dine out, expect to spend around $ 14 for an average meal. The prices for breakfast are usually a little cheaper than dinner or lunch. The price of food in sit-down restaurants in Georgia is often higher than the prices of street food or the prices of fast food restaurants.
Georgia does not have a metro system, but there are many other ways to get around using public transportation. An extensive train and bus service provides public transport to the region. Of the five cities in Georgia with train service, the average price for train tickets is $ 137.00 on the most popular routes. The most expensive ticket available costs $ 298.00, while the cheapest ticket costs $ 14.00 at the moment.
If you have a vehicle, you can spend around $ 2.74 on a gallon of regular unleaded gasoline, which is slightly lower than the national average of $ 2.86. You may also need to pay for auto insurance. The average amount that drivers pay each year is $ 1,982 for full coverage and $ 756 for minimum coverage. That’s higher than the national average, which is currently around $ 565 per year for the minimum and $ 1,674 per year for the full.
Health care costs
The average cost of healthcare in Georgia is around $ 1,242 per person (2018 figure), which is lower than the national average. If you are considering purchasing health insurance, you can expect to pay around $ 585 for a large individual medical health insurance plan. Prices, however, will vary depending on several factors, including your household income, your family size, and the policy you have chosen. In addition, the premiums may be lower if you are in good health. The cheapest health insurance in Georgia starts at around $ 197 per person for major medical plans.
Georgia has a progressive tax system, where the tax rate increases as the taxable base salary increases. The tax rate in Georgia is between 1% and 6%. If you are a single filer earning more than $ 7,000 per year, you will have to pay this rate of 6%.
As for property taxes, they are rather low in Georgia. The average annual property tax payment in the state is $ 1,771 per year. However, property tax rates vary depending on the county where you live, ranging from 0.45% to 1.66%.
If you plan to complete graduate school in Georgia, you may need to spend around $ 4,732 for the state and $ 17,060 for the outside (including miscellaneous fees and tuition). These rates are lower than the national average of $ 6,540 for in-state students and $ 17,871 for out-of-state students.
What’s the cost of living in Georgia? As you can see, you will find a competitive median cost to live in Georgia compared to other popular states in the United States. Hopefully this guide has given you an idea of what to expect from your cost of living if you move to Peach State.