Savannah, Georgia, is a city known for its historic charm, beautiful architecture, and welcoming community. Located in the southeastern United States, Savannah is a popular destination for tourists and a desirable place to live for many. However, the question on everyone’s mind is: is Savannah, Georgia affordable? In this article, we will delve into the cost of living, housing, and expenses in Savannah, providing you with a comprehensive guide to help you make an informed decision.
Introduction to Savannah, Georgia
Savannah is the oldest city in Georgia, founded in 1733. It is situated on the Savannah River, approximately 20 miles inland from the Atlantic Ocean. The city is known for its picturesque parks, historic district, and southern hospitality. With a population of around 146,000 people, Savannah offers a unique blend of small-town charm and big-city amenities. The city is home to several institutions of higher education, including the Savannah College of Art and Design (SCAD) and Georgia Southern University.
Cost of Living in Savannah, Georgia
The cost of living in Savannah is relatively low compared to other cities in the United States. According to the Council for Community and Economic Research, Savannah has a cost of living index score of 94.3, which is 5.7% lower than the national average. The main factors that contribute to the affordability of Savannah are housing, transportation, and food prices. However, it’s essential to consider all the expenses associated with living in Savannah to determine if it’s the right fit for you.
Housing Costs in Savannah, Georgia
Housing costs are a significant factor in determining the affordability of a city. In Savannah, the median home price is around $220,000, which is lower than the national average. Renters can expect to pay around $1,200 per month for a one-bedroom apartment in the city center. It’s worth noting that housing prices can vary greatly depending on the location, with areas like the Historic District and Downtown Savannah tend to be more expensive. However, there are many affordable options available in surrounding neighborhoods, such as Windsor Forest and Georgetown.
Affordability of Food, Transportation, and Utilities in Savannah
In addition to housing, other expenses like food, transportation, and utilities play a significant role in determining the overall affordability of a city. In Savannah, the cost of food, transportation, and utilities is relatively low. A meal at a mid-range restaurant can cost around $15 per person, while a gallon of gasoline is priced around $2.50. The city also has a well-developed public transportation system, including buses and a downtown shuttle, making it easy to get around without a car.
Utilities and Healthcare Costs in Savannah, Georgia
Utilities, such as electricity, water, and gas, are also relatively affordable in Savannah. The average cost of utilities for a one-bedroom apartment is around $150 per month. Healthcare costs in Savannah are comparable to the national average, with the average cost of a doctor’s visit being around $100. The city is home to several hospitals and medical centers, including the Memorial University Medical Center and the St. Joseph’s/Candler Health System.
Job Market and Economy in Savannah, Georgia
The job market and economy in Savannah are diverse and growing. The city has a strong presence of industries like tourism, healthcare, education, and manufacturing. The unemployment rate in Savannah is around 3.5%, which is lower than the national average. The city is also home to several major employers, including the Savannah College of Art and Design, the City of Savannah, and the Savannah-Chatham County Public School System.
Is Savannah, Georgia Affordable for Different Demographics?
The affordability of Savannah, Georgia, can vary depending on the demographic. For example, young professionals and students may find the city’s affordable housing options and low cost of living appealing. However, families with children may need to consider factors like school districts, childcare costs, and family-friendly activities. Retirees may appreciate the city’s relaxed atmosphere, low cost of living, and access to healthcare services.
Conclusion
In conclusion, Savannah, Georgia, is an affordable city that offers a unique blend of historic charm, cultural attractions, and natural beauty. While the cost of living is relatively low, it’s essential to consider all the expenses associated with living in Savannah, including housing, food, transportation, and utilities. With its growing job market, diverse economy, and affordable lifestyle, Savannah is an excellent choice for people from all walks of life. Whether you’re a young professional, a family, or a retiree, Savannah has something to offer everyone.
Summary of Key Points
To summarize, here are the key points to consider when evaluating the affordability of Savannah, Georgia:
- The cost of living in Savannah is 5.7% lower than the national average
- Housing costs are relatively low, with a median home price of $220,000 and average rent of $1,200 per month for a one-bedroom apartment
- Food, transportation, and utilities are also affordable, with a meal at a mid-range restaurant costing around $15 per person and a gallon of gasoline priced around $2.50
- The job market and economy in Savannah are diverse and growing, with a low unemployment rate of 3.5%
- The city offers a unique blend of historic charm, cultural attractions, and natural beauty, making it an excellent choice for people from all walks of life
By considering these factors and evaluating your individual circumstances, you can make an informed decision about whether Savannah, Georgia, is the right fit for you. With its rich history, beautiful architecture, and welcoming community, Savannah is a city that has something to offer everyone.
Is Savannah Georgia a affordable place to live?
Savannah, Georgia is often considered to be an affordable place to live, especially when compared to other major cities in the United States. The city offers a unique blend of historic charm, cultural attractions, and a laid-back atmosphere, all at a relatively low cost. The cost of living in Savannah is lower than the national average, with affordable housing options, reasonable transportation costs, and a wide range of dining and entertainment options to suit all budgets. Whether you’re a student, a young professional, or a family, Savannah has something to offer for everyone.
However, it’s essential to note that affordability can vary depending on individual circumstances and lifestyle choices. While the overall cost of living in Savannah is relatively low, some areas of the city may be more expensive than others. For example, the historic district and downtown areas tend to be pricier, with higher rent and property prices. Additionally, factors such as transportation costs, food prices, and utility bills can also impact the affordability of living in Savannah. To get a better understanding of the city’s affordability, it’s crucial to research and visit different neighborhoods, calculate the costs of living, and consider factors that are specific to your needs and budget.
What is the average cost of housing in Savannah Georgia?
The average cost of housing in Savannah, Georgia varies depending on the type of accommodation, location, and amenities. According to recent data, the median home price in Savannah is around $270,000, with prices ranging from around $150,000 for a starter home to over $500,000 for a luxury property. Renters can expect to pay around $1,200 per month for a one-bedroom apartment, while a three-bedroom house may cost around $1,800 per month. It’s worth noting that housing prices can fluctuate depending on the time of year, with prices tending to be higher during the peak summer months.
In terms of neighborhoods, some areas of Savannah are more affordable than others. For example, the Starland District and the Thomas Square neighborhood offer a range of affordable housing options, including apartments, condos, and single-family homes. On the other hand, areas like the historic district and downtown Savannah tend to be more expensive, with higher rent and property prices. To find the best housing options, it’s recommended to work with a local real estate agent or property manager, who can provide valuable insights and guidance on the local market. Additionally, online resources and property listings can also help you research and compare different housing options in Savannah.
How does the cost of living in Savannah compare to other cities in the US?
The cost of living in Savannah, Georgia is generally lower than in many other major cities in the United States. According to the Council for Community and Economic Research, Savannah has a cost of living index score of 94.3, which is lower than the national average of 100. This means that the cost of living in Savannah is around 5.7% lower than the national average. In comparison, cities like New York, Los Angeles, and San Francisco have much higher cost of living index scores, ranging from 146 to over 200. This makes Savannah an attractive option for people looking to relocate to a more affordable city with a high quality of life.
When comparing the cost of living in Savannah to other cities in the US, it’s essential to consider factors such as housing costs, transportation, food prices, and utilities. For example, while Savannah may have lower housing costs, other cities may have more affordable transportation options or lower food prices. It’s also worth noting that the cost of living can vary significantly within a city, depending on the neighborhood, lifestyle, and personal choices. To get a better understanding of how Savannah compares to other cities, it’s recommended to research and compare the costs of living in different cities, using online resources and cost of living calculators to make informed decisions.
What are the average transportation costs in Savannah Georgia?
The average transportation costs in Savannah, Georgia are relatively low compared to other cities in the US. According to data from the American Community Survey, the average commute time in Savannah is around 20 minutes, with many residents opting to drive, walk, or bike to work. The cost of owning and maintaining a vehicle in Savannah is also lower than the national average, with gas prices, insurance, and parking fees all being relatively affordable. Additionally, Savannah has a well-developed public transportation system, including buses and a downtown shuttle service, which provides an affordable and convenient alternative to driving.
For those who prefer not to drive, Savannah is also a very walkable city, with many neighborhoods and attractions within walking distance. The city also has a bike-share program and a number of bike lanes, making it easy to get around without a car. In terms of specific costs, the average monthly cost of owning and maintaining a vehicle in Savannah is around $500, while a monthly public transportation pass costs around $50. Of course, these costs can vary depending on individual circumstances, such as the type of vehicle, driving habits, and commuting distance. However, overall, Savannah’s transportation costs are relatively low, making it an attractive option for those looking to reduce their expenses.
Are there any affordable neighborhoods in Savannah Georgia?
Yes, there are several affordable neighborhoods in Savannah, Georgia, offering a range of housing options to suit different budgets and lifestyles. Some of the most affordable neighborhoods in Savannah include the Starland District, Thomas Square, and the Victory Heights area. These neighborhoods offer a mix of apartments, condos, and single-family homes, with prices ranging from around $100,000 to over $300,000. Additionally, areas like the Eastside and the Westside of Savannah also offer more affordable housing options, with prices tend to be lower than in the historic district and downtown areas.
In terms of specific costs, the average home price in the Starland District is around $180,000, while the average rent for a one-bedroom apartment is around $1,000 per month. In Thomas Square, the average home price is around $200,000, with rents ranging from around $1,200 to $1,800 per month for a one-bedroom apartment. It’s worth noting that prices can vary depending on the specific location, amenities, and condition of the property. To find the best affordable neighborhoods in Savannah, it’s recommended to research online, work with a local real estate agent, and visit different areas to get a feel for the community and the local real estate market.
What are the average food prices in Savannah Georgia?
The average food prices in Savannah, Georgia are relatively low compared to other major cities in the US. According to data from the Council for Community and Economic Research, the average cost of groceries in Savannah is around 10% lower than the national average. Dining out is also relatively affordable, with a wide range of restaurants and cafes offering meals at different price points. On average, a meal at a mid-range restaurant in Savannah costs around $15 per person, while a cup of coffee or a sandwich from a café can cost around $5.
In terms of specific prices, a gallon of milk in Savannah costs around $2.50, while a loaf of bread costs around $2.50. Fresh produce, such as fruits and vegetables, is also relatively affordable, with prices ranging from around $1 to $3 per pound. Of course, prices can vary depending on the specific store, location, and quality of the food. To save money on food, it’s recommended to shop at local farmers’ markets, use coupons, and cook at home instead of dining out. Additionally, Savannah has a number of affordable dining options, including food trucks, street vendors, and ethnic restaurants, which offer a range of delicious and affordable meals.