Is It Expensive To Live In Savannah Georgia?

Definition of "Is it expensive to live in Savannah Georgia?"

Angela Ahladianakis real estate agent

Written by

Angela Ahladianakiselite badge icon

Coldwell Banker Paradise

The first thing that hits you as soon as you arrive in Savannah Georgia is the architectural beauty of the city. In fact, the city is so gorgeous that even during the civil war the city was spared from destruction, that’s how gorgeous it is. Aside from that, there is a vast cultural and historical richness that surrounds the area.

The festivals through the peak season are definitely something that you should look forward to. Also, with so many cobblestone squares and parks shaded by impressive oak trees, the city of Savannah GA is one of the most desirable places to live in Georgia. If you are considering moving here, you probably wonder if Savannah GA is an affordable place to live? Let’s find out if it is expensive to live in Savannah Georgia.

A good place to live is not always a cheap place, but this doesn’t necessarily apply to the city of Savannah GA. In fact, many residents consider Savannah GA to be a great place to live and an affordable city. The overall cost of living is 10% lower than the national average and if we compare Savannah with its southern rival, Charleston SC, the overall cost is about 20% lower in Savannah.

Unlike most US cities where the housing index is the highest expense in the cost of living difference, in Savannah GA, housing has the lowest index in the overall cost of living difference. This is a huge advantage for anyone who decides to relocate here and it is definitely one of the things Savannah Ga is known for.

Savannah GA has a median home value of about $167,000 and utilities along with groceries have the highest cost of living index, but it will still be around the national average. The median household income in Savannah GA is about $40,000 a year and the prosperous job market encourages more people to relocate to Savannah. If you are amongst them, contact one of our top real estate agents in Savannah GA for some of the best home deals around.

 

Need help as a:

I'm interested to:

Buy
Sell
Rent

I work in:

Residential
Commercial
Rental
Reach out to the local professionals for help
 
I agree to receive FREE real estate advice.

Agents, get listed in your area. Sign up Now!

Here's what you'll get:

1. Full zipcodes coverage for the city of your choice for 3 months

2. The ability to reach a wider audience

3. No annual contract and no hidden fees

4. Live customer support/No robo calls

$75 - Any City - 3 Months Coverage
 
loader gif

Please wait ...

I agree to receive FREE real estate advice
I agree with Terms & Conditions and Section 5-5.9.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

The definition of low-income housing is any house that is either rented or owned by an individual or family that has a monthly household income that does not exceed a certain percentage of ...

Way of valuing real estate that computes the discounted present value of an expected stream of income, including rental income and future capital gains or losses. ...

Also called straight bankruptcy. A provision of the 1978 bankruptcy Reform Act providing for a persons property to be divided among creditors to satisfy his/her unpaid debts. Any debtor ...

Estimated market price property could bring using currently accepted appraisal methods. This might not be the same as the market price at any one given time when the seller is compelled to ...

To depreciate is to lose value for something. Depreciation is the act of losing worth.Connecting with real estate, Property depreciation can be both an accounting method typically used to ...

Final property appraisal estimate arrived at by applying appropriate appraisal methods. ...

Tax deduction permitted upon the transfer of property from one spouse to another. The deduction is allowed under the federal gift tax for lifetime transfers or under the federal estate tax ...

The bonus depreciation definition refers to a tax incentive that allows a business to accelerate the depreciation deduction in the year when the asset is purchased and placed into use. The ...

Effect on the market price of houses as interest rate change. For example, when mortgage interest rates rise, the prices of houses tend to fall. ...