Is It Expensive To Live In Savannah Georgia?

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

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.

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

A public officer given the right to authenticate a document, accept a person's oath, administer depositions, and to conduct other activities in commercial business. An official seal is used ...

Business entity providing water services in a particular locality. ...

Investments you can hold on to all your life or sell for a profit when they have appreciated in value. Real assets are those investments you can put hands on. Real property includes real ...

The English language is brilliant. However, words can often be misleading, as their meaning depends on context. Let's take, for instance, delivery. At first, the answer to the question: ...

Financing of a home based on how much equity the homeowner has in it. The interest rate is typically a variable one. ...

Through the homestead exemption definition, we understand the legal instrument that provides physical and financial shelter in dire situations. The homestead exemption legal provision can ...

To default on a loan means to intentionally or unintentionally miss several consecutive monthly payments over the course of a few weeks or months. Most borrowers learn the definition of ...

Provision in a commercial lease providing a financial allowance for a tenant to finish the interior of a building according to individual requirements. ...

Land that has poor income potential, usually used in an agricultural sense meaning that the land is untellable, has poor access, is extremely steep, has suffered serious erosion, is ...