Cost of Living in Atlanta: What to Expect When Living Here as a Renter

Moving to a new city can be an exciting adventure, but it also comes with its challenges. For renters, one of the biggest considerations is understanding the cost of living in their potential new home. So, before making any big decisions, it’s important to know what daily expenses might look like. This way, you can make sure that the move aligns with your financial goals and lifestyle.

If you’re thinking about moving to Atlanta you’re not alone. Atlanta is one of the most sought-after cities in the U.S. for apartment hunters. Known for its booming economy, rich culture, and Southern hospitality, Atlanta offers a lot to prospective renters.

But how does the cost of living in Atlanta compare to the state average and the national average? Let’s take a look at what you can expect when renting here.

What is the average cost of living in Atlanta?

The cost of living in Atlanta can be slightly higher than in other cities across the state, but it’s still relatively affordable compared to the national average. According to recent data, the median household income in Atlanta is around $77,655. This figure plays a key role in determining the overall affordability of living in the city.

To break it down further, the overall cost of living in Atlanta is 9% higher than the Georgia state average but still 2% lower than the national average. For renters, this means that while Atlanta may not be the cheapest city in Georgia, it remains more affordable than other major U.S. cities. This fact becomes more obvious when we look at another key factor: housing. Housing costs in Atlanta are 2% more affordable than the U.S. average, making it a solid option for those looking to balance city life with budget-conscious spending. Specifically, the average rent here is $1,795, not far from the national average.

On that note, utilities in Atlanta are a pleasant surprise for many renters. On average, utilities are about 15% less expensive than in other parts of the U.S., which can help ease the overall financial burden. When it comes to everyday essentials like food and clothing, Atlanta also fares well: Groceries are around 1% more affordable in Atlanta than in the rest of the country, and clothing costs are about 1% less.

Health care is another area where costs tend to be higher in Atlanta: On average, health-care services here, including doctor check-ups and dentistry, cost 8% more than the national average. While this may be a consideration for some renters, it’s important to remember that health-care costs can vary depending on your specific needs and insurance coverage.

Lastly, let’s talk about non-essential expenses. If you enjoy entertainment, dining out, or personal care services like grooming, Atlanta offers great value. Entertainment and grooming services are typically 1% more affordable in Atlanta than in the rest of the U.S. This affordability can be a bonus for those who like to indulge in weekend activities or treat themselves to a night out without breaking the bank.

Is Atlanta a great pick for renters?

Overall, living in Atlanta offers a balance between affordability and the benefits of city life. Although the cost of living is higher than Georgia’s state average, it remains below the national average. Moreover, renters will find housing more affordable than in many parts of the U.S., and everyday expenses like groceries and clothing are slightly cheaper. And that’s not all: Utilities are also significantly less expensive, enhancing the city’s appeal.

On the other hand, healthcare costs tend to be higher. However, entertainment and non-essential spending are generally more budget-friendly, making Atlanta an attractive option for renters seeking a well-rounded lifestyle without high costs.

If you’re considering renting an apartment in Atlanta, the city offers a lot of benefits, from affordable housing options to reasonable day-to-day expenses. Whether you’re moving for work, school, or just a change of scenery, Atlanta has something for everyone.