Atlanta ranks No. 2 in the “Best & Worst Cities for Singles in 2020,” according to WalletHub. The personal finance website compared 182 U.S. cities using 32 key indicators, including the share of available singles, the number of local attractions and average cost of a two-person restaurant meal.
How much money does a single person need to live in Atlanta?
On a very basic level, it costs an average of $2,035 per month to live in Atlanta. This of course does not factor in miscellaneous expenses or entertainment. All in all, Atlanta is slightly more expensive than the national average, but the average salary is higher as well.
What salary do I need to live in Atlanta?
But what if you want to live happily in Atlanta? According to research from GoBankingRates, youll need an annual salary of at least $121,170 to be happy in Atlanta. However, they suggest just $69,240 to $86,550 annually for emotional well-being.
Is it cheap to live in Atlanta?
Thankfully, Atlanta is a relatively affordable place to live. The cost of living as a whole is 2% lower than the national average. For a bit more perspective on what that means, see the chart above. As you can see, its about the same as Dallas, a little cheaper than Miami, and a LOT cheaper than New York City.
Why is rent in Atlanta so high?
With metro Atlanta continuing to grow and construction lagging that growth, the demand for new housing is outstripping supply and rents are rising. Demand for rental housing here continues to outpace supply and prices have kept rising rapidly, according to several companies tracking housing data.
Why is Atlanta so cheap?
So, why are houses so inexpensive in Atlanta? According to Investopedia, the national median list price is $199,000 while Atlantas median is $184,900. All in all, Atlanta seems to have an abundant inventory of homes and lots just waiting for buyers. When supply outweighs demand, prices always remain low.