Most Expensive Cities in Georgia
Georgia is a lovely southern state in the US that is well-known for its extensive history, stunning scenery and lively cities. Nevertheless, the cost of living varies greatly between cities. This article will explore the 12 most expensive cities in Georgia, ranked based on average rental rates, average property prices, job salaries and cost of living average.
In addition, we’ll discuss the causes of their high prices. Keep your money close at hand while we explore these pricey places.
If you’re looking for the best places to live in Georgia, click here
12. Peachtree City
First on our list of the most expensive cities in Georgia is Peachtree City. A master-planned city, located south of Atlanta is renowned for its lakes, golf courses and golf cart transportation system.
The cost of living index is 15% higher than the US average and the average property price in this city is roughly $365,000. The median household income is about $94,000 while the average rent for a 1-bedroom apartment is about $1,200 per month.
There are several factors that contribute to Peachtree City’s high cost of living. The city is an attractive area for families as it has many recreational facilities, a low crime rate and highly rated schools. Also, the city’s exceptional golf cart transportation system enhances its appeal however it also raises the costs, as it requires a significant amount of money to maintain the wide network of cart paths.
However, Peachtree City is one of the best places to live in Georgia for young adults.
11. Johns Creek
Johns Creek is a suburb of Atlanta that is renowned for its top-rated schools, recreational amenities and parks. The city’s cost of living index is 25% higher than the US average due to its average house price of approximately $400,000. The median household income is about $120,000 and the average rent for a 1-bedroom apartment is about $1,300 per month.
Because of its excellent schools, which attract families looking for the best education for their children, Johns Creek is an expensive city. In addition, John Creek’s abundance of recreational amenities and parks make it a desirable location to reside, raising property values. Atlanta’s robust employment market also adds to the high total cost of living.
10. Decatur
Another suburb of Atlanta, Decatu is renowned for its vibrant downtown area and multicultural population. With an average property price of approximately $415,000, the city’s cost of living index is 30% higher than the US average. The median household income is about $82,000 while the average rental price for a 1-bedroom apartment is about $1,400 per month.
Due to its close proximity to downtown Atlanta, which provides a wide range of career options, Decatur has a high cost of living. The city’s lively center, with a wide variety of restaurants, cultural attractions and shops adds to its appeal. In addition, Decatur is home to a number of prominent schools and universities, which boosts demand for housing and raises property values.
9. Alpharetta
Home to many technology companies and start-ups, Alpharetta is a bustling city with a strong economy. The average property price is about $425,000, and the cost of living index is 35% higher than the national average. The average rent for a 1-bedroom apartment is around $1,500 per month, and the median household income is approximately $96,000.
The high cost of living in Alpharetta can be attributed to its booming tech industry, which attracts a skilled workforce and drives up wages. The city also offers excellent schools, an abundance of parks and green spaces, and a variety of shopping and dining options. These factors combine to create a desirable community, leading to increased property values and rental prices.
8. Roswell
Next on the list of the most expensive cities in Georgia is Roswell. Renowned for its historical landmarks and welcoming atmosphere for families. The cost of living index is 40% more than the US average while the average house price in Roswell is around $450,000. The median household income is close to $93,000 while the average rent for a 1-bedroom apartment is about $1,600 per month.
The high cost of living in Roswell’s can be attributed to its beautiful parks, well-preserved historical landmarks and top-notch schools. Roswell’s closeness to the Chattahoochee River and various nature preserves adds to its allure, drawing families and outdoor enthusiasts. Additionally, Roswell’s vibrant downtown area provides a wide variety of choices for dining, shopping and cultural opportunities, adding to the city’s all-around appeal.
7. Dunwoody
Dunwoody, a city recognized for its booming commercial sector and top-notch schools, has an average property price of roughly $475,000. The average rental price for a 1-bedroom apartment is around $1,700 per month while the living cost is 45% higher than the US average. The average household income is around $100,000.
The access to excellent schools as well as the strong labor market contribute to Dunwoody’s high living cost. Numerous prominent firms have built their headquarters in Dunwoody, providing well-paying jobs and raising property values. Dunwoody is an attractive option for individuals who are working in Atlanta as it has an excellent public transportation system.
6. Sandy Springs
Sandy Springs, situated along the Chattahoochee River, is an appealing city with a strong economy. The cost of living index is 50% more than the US average while the average property price is about $500,000. The median household income is close to $105,000 while average rent for a 1-bedroom apartment is approximately $1,800 per month.
The city’s stunning location along the river, providing citizens easy access to outdoor amenities and lovely views are the reasons for the increased living cost in Sandy Springs. The city also houses various Fortune 500 companies, providing ample employment opportunities and contributing to high average incomes. In addition, Sandy Springs offers excellent schools, making it a good place to settle for families.
If you want to know more about safety when living in Sandy Springs, read this post.
5. Vinings
Located northwest of Atlanta, Vinings is a small town and has a rich history. The living cost is 55% more than the US average and the average property price in Vinings is around $525,000. The average household income is about $110,000 while the rent for a 1-bedroom apartment is about $1,900 per month.
The city’s close proximity to Smyrna and the center of Atlanta. This and the historic appeal are the main reasons for the high cost of living in Vinings. Vining is a great place to live as it offers many fine dining options, a wide selection of boutique shops and overall has an attractive atmosphere.
Furthermore, the easy access to work opportunities in Atlanta as well as the area’s excellent schools contribute to the city’s living costs.
4. Brookhaven
Situated northeast of Atlanta, Brookhaven is known for its upscale neighborhoods and stunning parks.
The living cost in Brookhaven is 60% higher than the national average and the average property price is around $550,000. This is over $200,000 more than the median property price in the state of Georgia. The median household income is about $115,000 while the average rent for a 1-bedroom apartment is around $2,000 per month.
Brookhaven’s high-quality schools, visually appealing neighborhoods and well-maintained parks contributed to the high living cost. Brookhaven is in close proximity to Atlanta providing its residents ample work opportunities, raising the median income. Both rental prices and increasing property values are related to Brookhave’s wide selection of dining shopping options.
3. Druid Hills
Druid Hills is a lively area in Atlanta that houses the Centers for Disease Control and Prevention as well as the Emory University. The cost of living index is 65% more than the US average and the average home price in Druid Hills is around $575,000. The average household income is approximately $120,000 while the rent for a 1-bedroom apartment is approximately $2,100 per month.
Reputable institutions like Emory University and the CDC draw highly educated individuals and contribute to the region’s general prosperity. The area’s historic architecture, top-rated schools and tree-lined streets assist in increased demand for higher property values and house demand.
2. Buckhead
Atlanta’s affluent Buckhead district, is renowned for its expensive restaurants, designer shops and elegant homes. The cost of living index is 70% more than the US average while the average property price in Buckhead is around $600,000. The average household income is near $125,000 and the average rent for a 1-bedroom apartment is around $2,200 per month.
Buckhead’s status as a wealthy, exclusive area is responsible for the high cost of living. Rich residents are drawn to the area’s high-end boutiques, luxury shopping centers and fine dining restaurants, which increases rental costs and property values. In addition, Buckhead offers a wide range of top-rated schools and of cultural activities, making it a desirable location for both families and professionals.
1. Midtown Atlanta – Most Expensive City in Georgia!
In the end, Midtown Atlanta is the most expensive city in Georgia. It’s a thriving commercial and cultural center. The average cost of living index is a surprising 75% higher than the US average and the property price in Midtown Atlanta is about $625,000. The average household income is around $130,000 and the rent for a 1-bedroom apartment is about $2,300 per month.
Due to its robust economy and thriving cultural scene Midtown Atlanta has a high cost of living. The area houses several Fortune 500 companies as well as a wide variety of museums, theaters and art galleries.
Families and young professionals are drawn to this area’s large open areas, walk-able streets and numerous restaurant options. The high cost of living in Midtown Atlanta is a result of the great demand for housing, which raises rental rates and property value.
Conclusion – 12 most expensive cities in Georgia
From Midtown Atlanta to Peachtree City, these 12 areas represent the most costly places to reside in Georgia. Even though every city has its own special amenities and beauty, it’s important to take into consideration the cost of living when choosing a place to call home.
These cities’ high costs are a result of factors such as high-quality recreational facilities, top-rated schools, and robust employment opportunities, but also provide citizens a high quality of life.
Keep in mind the 12 most expensive cities in Georgia if you’re considering moving to the state. But also take into account that there are many other reasonably priced areas around Georgia, such as Marietta.
Want to know the best places to live in North Georgia? Read this article.
