Savannah has been highlighted as the fourth most expensive city to rent and fifth most expensive city to buy a house, according to a recent USA Today study.
Savannah ranks behind only Cedartown, Jefferson and Atlanta in terms of average cost of rent while coming in only behind Jefferson, Gainesville, Atlanta and Athens for highest home value.
With Georgia’s cost of living at 67.5% of the median income, the state attracts many Americans looking to improve their financial situation.
However, Savannah stands out with a typical home value of $342,876, making it a pricier option for those considering relocation within Georgia.
Even more expensive is Jefferson, which tops the list with a typical home value of $394,644. This makes Jefferson the most expensive city in Georgia for housing, adding to the financial considerations for potential movers.
What other cities in Georgia made the list of the most expensive?
Here are the other most expensive cities in Georgia to rent a home, with their average home value listed:
Gainesville: $389,450
Atlanta: $387,508
Athens: $352,250
Cornelia: $306,260
Brunswick: $302,870
St. Marys: $295,483
Calhoun: $268,318
Statesboro: $267,384
What are the cheapest cities to move to in Georgia?
Here are the 10 least expensive cities in Georgia to rent a home, with their average home value listed:
Fitzgerald: $114,913
Cordele: $128,994
Americus: $130,067
Moultrie: $137,871
Waycross: $144,482
Douglas: $152,230
Albany: $158,155
Dublin: $160,060
Bainbridge: $161,555
Vidalia: $167,194
Least expensive cities and typical rent rices
Dublin $1,005
Albany $1,029
Macon $1,189
Dalton $1,238
Columbus $1,245
Valdosta $1,302
Rome $1,328
LaGrange $1,330
Augusta $1,434
Statesboro $1,446
Most expensive cities and the typical rent prices
Cedartown $1,999
Jefferson $1,970
Atlanta $1,950
Savannah $1,910
Gainesville $1,824
Athens $1,774
Hinesville $1,728
Brunswick $1,708
Warner Robins $1,665
St. Marys $1,565
USA Today Georgia data collection
The data for this study was gathered by USA TODAY Homefront , which analyzed various metrics related to housing costs across different cities in Georgia.
This analysis included data from the U.S. Census Bureau, Zillow and local resources to investigate why people relocate in and out of Georgia.
Georgia was among the top five states with the highest net migration in 2022. The state saw a net gain of 74,520 residents, with 327,795 people moving in and 253,275 leaving.
The average home value in Georgia has risen 3.8% year-over-year to $333,862, with a median list price of $369,933 and a median sale price of $330,000.
This article originally appeared on Savannah Morning News: USA Today study reveals lead priciest housing cities: Savannah
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Publish date : 2024-09-24 21:04:00
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