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

An increase in land occurring from the withdrawal of a body of water. Normally, when reliction occurs, the increase in land area belongs to the individual having water rights in the area. ...

To understand the definition of the term demised premises, one must understand what demise means. Because demised premises is a widespread use for the term demise. The demised premises ...

Economic or physical life of a fixed asset. The property is depreciated over the period benefited. ...

Expected period that property will provide benefits. It is typically less than physical life of the property because the property continues to have physical life regardless of inefficiency ...

Horizontally placed timber that is connected to other timber. Smooth, flat, thin piece of metal. Electrical covering. ...

A lease requiring tenants to pay all utilities, insurance, taxes, and maintenance costs. ...

The term foraging comes from the old germanic language, which passed through Old French “fuerre” and “fourrage” and it means the search for wild food resources. ...

Ownership of property by two or more people in undivided interests, without the right of survivorship. Each coowner's interest may be conveyed separately by its owner. Tenancy in common ...

Fan with an opening to the outside air that lets stale or hot air exit the structure; usually used in a kitchen when cooking or in a bathroom that does not have a window. It is used for ...