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Average Cost of Living in Georgia: An In-Depth Guide

Learn the average cost of living in Georgia. From homeowners insurance rates to property taxes, you will learn how living in Georgia compares with the rest of the country. Find out how to save money on your real estate purchase by receiving a buyer’s rebate through a Clever Partner Agent.
Learn the average cost of living in Georgia. From homeowners insurance rates to property taxes, you will learn how living in Georgia compares with the rest of the country. Find out how to save money on your real estate purchase by receiving a buyer’s rebate through a Clever Partner Agent.

One benefit of telecommuting is that you can live where you want instead of being stuck in a particular region of the country. More people are moving into Georgia than leaving Georgia, and we can easily guess why.

While most of the country slogs through snow and ice throughout the long winters, Georgia residents enjoy an average yearly temperature of 62.55 degrees.

Although it does get hot in the summer, Georgians can head to Tybee Island, St. Simons, and Jekyll Island to take a dip. There are also nearly 50 state parks to explore throughout the region.

Georgia residents are notoriously friendly, and the tree-lined streets featuring antebellum homes are charming and impressive.

There are plenty of unique recreation opportunities within the state. Visitors flock to Atlanta’s highly ranked aquarium while others opt for cemetery tours in Savannah. There’s something for everyone in the Peach State.

So why haven’t you given away your snow boots and called the movers? Perhaps you are concerned with Georgia’s cost of living.

How do home prices in Georgia compare with your current location? How much will it cost to live in a large metropolitan center like Atlanta or a charming coastal city like Savannah?

Your best resource for learning about a particular region is a top-notch real estate agent currently living in the area. This professional will not only give you the low-down on the cost of housing, but they will also inform you of other region-specific expenses you will need to consider.

Typical Home Prices in Georgia in 2019

Overall, Georgia homes are less expensive than other areas of the country. The average Georgia home is around $188,000, according to data from Zillow, but those prices are expected to rise in 2019.

Home values range in cost throughout the state. In the Atlanta area, Cumming and Marietta sell in the mid and upper $200,000s, but residents of Macon pay an average of $70,400 for their homes.

The Atlanta market is particularly hot right now. Homes average $260,000, and they are expected to rise another 4% in 2019.

Beautiful Savannah is also growing in popularity. The market is hot right now and tourism is booming.

The best time to purchase a property in Georgia, if you aren’t picky on the layout of the home, is late summer. Georgia sellers are a little more motivated in the hottest, stickiest months, and they may be a bit more willing to negotiate.

Like most of the rest of the country, the biggest inventory will be on the market during late spring and early summer.

How Much Are Georgia Property Taxes?

No matter if you live in the land of sweet tea or sunflowers, you can never escape paying taxes. Like most states, Georgia bases the amount of property tax you owe on the value of the house. The cost of the home is multiplied by the local tax rate or mill rate. One mill is one-tenth of one cent. This equates to $1 per $1,000 of your property’s value.

The mill rate varies from zip code to zip code. Within the metro Atlanta area, the tax rate ranges from 0.85% in Cobb County to 1.31% Gwinnett County.

Elsewhere in the state, Chattahoochee residents pay 0.70% in property taxes, while Pierce County residents pay 1.10%.

Although the difference in property tax percentages seems negligible, it makes a big difference on your bottom line. When you are looking at homes in Georgia, ask your Clever Partner Agent about the property tax rate in each given area. Remember that a higher tax rate will increase your monthly mortgage payment.

Average Homeowners Insurance in Georgia

Insurance rates are higher or lower depending upon the home’s state, county, city, and neighborhood. For example, coastal homes in Georgia are generally more expensive to insure than homes farther inland, but insurance companies also charge more depending on a house’s individual circumstances.

Insurance companies also factor in the average weather, the area’s population density, and the home’s proximity to woods or dangerous intersections when determining the average monthly cost for insurance coverage.

Overall, Georgia residents pay just under the national average in homeowners insurance premiums. Their average yearly rate is $1,103, which is 10% lower than the national average.

Common Home Maintenance and Repair Costs in Georgia

If you have owned a home before, you know that taking care of it can be extremely expensive. Yard maintenance alone can be a time-consuming task that costs a lot of money. Your Georgia neighbors may expect that you take advantage of the humid weather to grow beautiful flower gardens. Cutting grass, maintaining a fence, and trimming trees may cost you thousands each year.

Although it is difficult to estimate the average amount you will spend on your Georgia home each year, real estate experts suggest using the 1% rule. This means you should plan to pay 1% of your home’s cost each year on maintenance and repairs.

Other Costs of Living in Georgia to Consider

Compared with other parts of the country, Georgia’s cost of living is close to the national average. This, of course, depends on the zip code you choose to live in and your lifestyle.

Housing and food costs are lower in Georgia than the rest of the country.

Georgia’s hot, humid summers mean that residents pay more for utilities than the national average.

Most people drive their own cars in Georgia, and in Atlanta, the traffic is terrible. One study said that the average commute time for an Atlanta resident is 52.91 minutes per day. This means that Georgia residents pay more for transportation than other average citizens in the U.S.

As much as we would like to give you a comprehensive list of all the costs associated with living in Georgia, the reality is that’s not possible. Reach out to friends and family who currently live in the area. If you don’t know anyone else in Georgia, reach out to a local real estate expert.

Find a Top Georgia Real Estate Agent

Let us help you with your move to Georgia. Our Clever Partner Agents will not only direct you to a perfect city and neighborhood for your lifestyle and income, but they will also offer a Home Buyer Rebate you can earn when purchasing a home in any Georgia city. Use this buyer’s rebate to put more money down on your house or to pay for the hidden expenses that occur when moving.


Reuven Shechter

Reuven Shechter is the Outreach Coordinator at Clever Real Estate, the free online service that connects you with top real estate agents to help save on commission. He spreads the word about Clever, disseminating studies to journalists and developing relationships with media outlets. Reuven is passionate about investing in real estate and creating lasting success for families. His writing has been featured in Max Real Estate Exposure, Leverage Marketing, and more.

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