Atlanta is the capital and most populous city of Georgia, with an estimated population of 532,695. The city serves as the cultural and economic center of the Atlanta metropolitan area and the ninth-largest metropolitan area in the United States. Atlanta is a top business city and holds more than 75 percent of Fortune 500 companies headquartered in the Southeast. The city is also a central transportation hub, with Hartsfield-Jackson Atlanta International Airport being the world’s busiest airport by passenger traffic since 1998. Georgia State University, Oglethorpe University, Emory University, and Morehouse College are all located in Atlanta.
Atlanta is a place for everyone. If you’re looking for a job, great weather, and Southern hospitality, then Atlanta is the place. However, what if you’re not sure what the cost of living in Atlanta is? After all, you don’t want to move somewhere and find out that you can’t afford to live there. This blog post will give you an idea of what salary you need to live in Atlanta. Keep reading to learn more!
Where Does Your Salary Go Living in Atlanta?
If you’re thinking of moving to Atlanta, you probably wonder how far your salary will go. The cost of living in Atlanta is relatively high, but it varies depending on several factors such as housing, transportation, healthcare, childcare, food, utilities, taxes, and entertainment.
For example, the average person in Atlanta spends about 35.7% per month on housing. This includes rent or mortgage payments and property taxes, and insurance. Atlanta is about the same as other major cities when it comes to food and utilities. However, transportation costs, healthcare expenditures, daycare costs, taxes, and entertainment might significantly affect your earnings.
As the capital of Georgia and the largest city in the state, Atlanta is a popular destination for both businesses and families. The city boasts a thriving economy, a variety of cultural attractions, and a mild climate, making it an attractive option for those looking to buy property. The real estate market in Atlanta is diverse, with something to suit all budgets and preferences. There are plenty of options in the affluent suburbs for those looking for a luxury home. Families might prefer a larger home in the city itself, while young professionals prefer a smaller condo or townhouse. Whatever your needs, you’re sure to find a property that meets them in Atlanta.
Many things influence the cost of real estate, including location, size, and facilities. In general, properties closer to the city center are more expensive than those further out. Atlanta’s housing costs are 6% lower than the national average.
Some of the city’s most beautiful areas are: Inman Park, Buckhead, Downtown, Midtown, Poncey-Highland, and Virginia-Highland
Median 1 Bedroom Apartment Rent: $1,862/ month
Median 2 Bedroom Apartment Rent: $2,431/month
Median 3 Bedroom Apartment Rent: $2,882/month
Median Home Price: $390,396
Cost of Transportation
The cost of transportation in Atlanta can vary depending on several factors, such as the type of transportation you use and how often you use it. The most common form of transportation in Atlanta is the MARTA public transit system, including bus and rail services. A single fare on MARTA costs $2.50, and a day pass costs $9.00. If you use MARTA frequently, you might consider purchasing a seven-day or monthly pass, which costs $23.75and $95.00.
In addition to MARTA, several private companies offer transportation services in Atlanta. These include taxis, ride-sharing services like Uber and Lyft, and private shuttle buses. The cost of these services varies depending on the company and the type of service you need. The typical cost of a cab per mile is $2.5.
If you choose to drive your vehicle, you will need to factor in the cost of gas, parking, and tolls. Gas prices in Atlanta are relatively high, averaging $2.64 per gallon. Parking can also be expensive, especially in the city center. In addition, there are several toll roads in Atlanta, which charge varying rates depending on the time of day and the day of the week.
The tax burden in Atlanta is relatively high, with the city’s sales tax rate set at 8.5%. In addition to the sales tax, there is also an income tax between 1% to 5.75% and several other taxes and fees. The property tax rate in Atlanta is 0.94% for a 100% assessed value, which is higher than the national average.
It is important to pay tax because it helps to fund vital services like education, healthcare, and infrastructure. Paying tax is always a bit of a headache, but there are several resources available to help you understand the process. The Atlanta Tax Center is a great place to start, and the Georgia Department of Revenue website also has a lot of helpful information.
Atlanta has known for many things: its rich history, its culture, and its array of businesses. But one thing that often goes unnoticed is the city’s comprehensive and reliable system of utilities. From electric to water to sewer, the City of Atlanta offers residents and businesses a wide range of services to meet their needs. The cost of utilities in Atlanta can vary depending on several factors, such as the type of service you use and how often you use it. The most common form of utility in Atlanta is electricity, provided by Georgia Power. Other common utilities include water, sewer, and trash. Again, the cost of these services varies depending on the provider. The average monthly bill for residential customers is $220.76, 15% lower than the national average.
There are several different providers in Atlanta, and each one offers different rates and plans. When it comes to utilities, it’s important to shop around and compare rates before you decide. It’s also important to read the fine print and understand all of the fees associated with a particular service. The City of Atlanta has a helpful website that provides information about the different utility providers in the area and tips for saving money on your utility bills.
Atlanta is home to several renowned healthcare facilities, including Emory University Hospital, Children’s Healthcare of Atlanta, and Grady Memorial Hospital. These hospitals offer world-class care for patients of all ages, and they are supported by a network of skilled doctors and nurses. In addition to these hospitals, Atlanta also boasts several smaller clinics and medical practices that provide excellent care for residents. Whether you need a routine check-up or emergency treatment, you’re sure to find the right healthcare provider in Atlanta.
The cost of healthcare in Atlanta can differ based on various variables, such as the sort of treatment you require and the specialist you pick. However, there are several resources available to help you find affordable healthcare. The Georgia Department of Community Health offers a variety of programs and services to help residents get the care they need, and the Georgia Health Connection is a great resource for finding affordable health insurance.
Childcare is an important consideration for families with young children, and it’s something that you’ll need to budget for when you move to Atlanta. The cost of childcare can vary depending on several factors, such as the type of care you need and the number of children you have. Some of the childcare in the city include in-home care, nannies, daycare centers, and after-school programs.
No matter what type of childcare you’re looking for, it’s important to do your research and find a reputable provider. The Georgia Department of Early Care and Learning is a great resource for families searching for quality childcare.
Cost of infant care: $7,644/year
Child care for a 4-year: $6,500/year
Cost of Food
Food in Atlanta may range from inexpensive to very pricey, depending on where you shop and eat. If you’re looking for the cheapest option, you’ll probably want to head to a big box store like Walmart or Target. If you’re willing to spend a little more, visit a farmer’s market or specialty grocery store.
Atlanta is renowned for its diverse food scene, including everything from Southern comfort food to haute cuisine. However, the cost of food in Atlanta can vary widely, depending on the type of restaurant and the neighborhood. In general, casual restaurants tend to be less expensive than fine dining establishments, and prices also tend to be lower in neighborhoods with many residents.
A meal at a mid-range restaurant: $65 for 2 People
McMeal at McDonald’s (or Equivalent Combo Meal): $8.50
Atlanta is known for its diverse attractions, from world-class museums to expansive parks. However, enjoying all that the city offers can quickly add up. A night out at the movies, for instance, can easily cost over $15 once you factor in the price of tickets, concessions, and parking. And if you’re looking to stay fit and healthy, a gym membership can also set you back a significant amount each month. The typical monthly gym membership costs $39.46.
Fortunately, there are ways to keep your costs down. For example, many museums offer free admission days, and many theaters offer discounts for students and seniors. By taking advantage of these deals, you can enjoy all that Atlanta offers without breaking the bank.
Understanding the Job Market in Atlanta
The Atlanta job market is booming, and there are plenty of opportunities for those willing to look for them. The city is home to several Fortune 500 companies and a growing number of startups and small businesses. In addition, the cost of living in Atlanta is relatively low, making it an affordable place to live and work. The job market in Atlanta is particularly strong in the technology and healthcare industries, although there are also plenty of opportunities in other sectors such as retail, education, and hospitality. Overall, the job market in Atlanta is very competitive, but there are still plenty of good jobs to be had if you are willing to put in the effort.
Some of the employers who provide employment include:
How Much Should You Earn to Live Comfortably Well In Atlanta?
If you want to live comfortably in Atlanta, you’ll need to earn a salary of at least $82,363. This salary will allow you to afford a modest lifestyle, including reasonable mortgage payments, food, transportation, and other essentials. Of course, if you want to live a luxurious lifestyle or save money for retirement, you’ll need to earn a higher salary. But if you’re content with a comfortable lifestyle, $82,363 is a good place to start.
According to the US Department of Labor, a single person living without dependents must earn $18.37 per hour to live comfortably in Omaha. If only one adult is employed, the required hourly compensation for two adults with one child is $321.96. The cost of living for two parents with two children is $23.37 if they’re both working.
Moving to Atlanta can be a great decision, especially if you’re looking for job opportunities and a relatively low cost of living. However, it’s important to keep in mind that the city is large and diverse, and your costs will vary depending on where you live and what your lifestyle is like. With good planning and research, you can find ways to keep your costs down and enjoy all that the city has to offer.
Alex Sherr is the founder of My Long Distance Movers, a blog that provides moving information and resources for people who are relocating. He has more than two decades of experience in the moving and relocation industry, and he is passionate about helping people relocate smoothly and efficiently. When he's not writing or blogging, Alex enjoys spending time with his wife and two young children.