Atlanta, Georgia, is a major economic and cultural powerhouse in the Southeast, offering a compelling blend of urban excitement, Southern charm, and thriving job markets. If you’re considering a move or relocation, you’re likely wondering what the price of living in Atlanta, Georgia, really is.

The good news is that Atlanta is a surprisingly affordable major metropolitan area. The cost of living in Atlanta, GA, is typically about 4% lower than the national average, making it a reasonable choice compared to other US hub cities. This is primarily driven by one significant factor: housing affordability.

While the city is generally affordable, the exact Atlanta, Georgia, living expenses can vary significantly depending on your neighborhood and lifestyle. Here’s a quick look at the main expense categories:

Housing is the greatest driver of savings in the Atlanta metro area, providing a fantastic value proposition for homeowners.

● Overall Affordability: The housing index for Atlanta is reported to be about 13% lower than the national average.

● Home Prices: The median home price in Atlanta is around $400,000 to $430,619, which is noticeably below the national average.

● Rent: For those renting, the average monthly rent for an apartment is also lower than the national average. However, expect prices in highly sought-after neighborhoods like Midtown, Buckhead, or the Old Fourth Ward to be significantly higher. Many residents choose to buy new construction homes in the surrounding suburbs for greater space and affordability.

Day-to-day essential costs are relatively stable in Atlanta:

● Groceries: Atlanta, Georgia, living expenses for groceries are very close to the national average, often just 1% higher.

● Utilities: Utility costs, including basic services like electricity, water, and heating, are generally right on par with, or only about 1% higher than, the national average.

Getting around Atlanta is a major factor in your budget, often presenting a slight challenge compared to other categories.

● Costs: Transportation expenses are slightly higher than the national average. While gasoline prices are often competitive, the costs of maintenance and vehicle ownership add up.

● Public Transit: Atlanta's primary public transit system, MARTA, offers rail and bus services. An unlimited monthly pass costs $95. Utilizing MARTA is often the most cost-effective way to commute into the city center, but coverage is more limited in the outlying suburban areas.

Healthcare is the most notable expense category, costing about 7% more than the national average. This expense is something buyers should budget for, though the cost is often balanced by the savings found in housing. Not to mention, Atlanta offers access to several top-notch hospitals and health systems.

When considering the full cost of living in Atlanta, GA, the overall picture is one of excellent value. You gain access to a major city economy and a high quality of life, all while keeping housing costs lower than the national median.

Dream Finders Homes builds quality new construction homes across the thriving Atlanta metro area and its desirable suburbs. We offer homes designed for modern living that maximize efficiency and value, ensuring your investment is sound for years to come.

Ready to find a home that fits your budget and lifestyle? Connect with our team today to explore our new home communities!