Quick facts: Atlanta, GA

Quick Facts

97.5
Cost of Living
below US average
499,127
Population
45.57
Crime Rate per 1000
above US average
$77,655
Median Income
below US average
$227,000
Median House Price
above US average
$1687
Average Rent
above US average
18%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $77,655.

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Income Needed to Buy

βœ“ Affordable
$71k/year
Based on $227,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($77,655) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$72k/year
Based on $1687/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($77,655) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Atlanta, GA

Atlanta, Georgia, often referred to as the "City in a Forest," is known for its lush greenery and vibrant culture. As the capital of Georgia and a major southern U.S. city, Atlanta plays a significant role in commerce, technology, and transportation. The city is home to Hartsfield-Jackson Atlanta International Airport, one of the busiest airports globally, serving as a major hub for domestic and international travel. Culturally rich, Atlanta is famous for its contributions to music, particularly in hip-hop and R&B, being the birthplace of renowned artists like OutKast and Usher. The city also boasts historical significance, especially in the civil rights movement, with attractions like the Martin Luther King Jr. National Historic Site. Atlanta's diverse neighborhoods offer a mix of residential, commercial, and recreational spaces, with notable areas including Midtown, known for its arts scene, and Buckhead, recognized for upscale dining and shopping. The city's growth in technology, evident in the rise of startups and big corporates, has earned it the moniker "Silicon Peach." With its blend of history, culture, and innovation, Atlanta continues to thrive, making it an exciting destination for residents and visitors alike.

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