Cost of Living in Georgia — Housing, Taxes & Everyday Expenses

Overview

Georgia offers a cost of living below the national average with a rapidly growing economy. Atlanta is a major business hub for finance, film, technology, and logistics.

Housing costs

Median 1BR rent in Atlanta is approximately $1,600 in metro areas. Outside Atlanta, rents drop to $900-$1,100 in smaller cities like Savannah and Augusta.

1BR FMR across major Georgia cities: $1,660 – $1,660/mo (HUD FY2026)

Tax reality

5.19% flat rate effective 2025 (Tax Foundation; phase-down from 5.39%)

Everyday expenses

At a cost of living index of 93, Georgia is about 7% cheaper than the national average of 100. A $70,000 salary in Atlanta provides solid purchasing power — below-average costs partially offset a moderate income tax.