Quick facts: Cornelia, GA

Quick Facts

97.5
Cost of Living
below US average
5,004
Population
37.37
Crime Rate per 1000
above US average
$46,211
Median Income
below US average
$358,495
Median House Price
above US average
$1816.07
Average Rent
above US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $46,211.

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Income Needed to Buy

βœ— Stretch
$112k/year
Based on $358,495 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $112k vs median $46,211
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1816.07/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $46,211
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cornelia, GA

Cornelia, Georgia, is a charming small town located in Habersham County, nestled in the picturesque North Georgia mountains. With a population of around 4,000 residents, it offers a friendly, close-knit community atmosphere. Cornelia is known for its rich history, including being a vital railway town in the early 20th century, which has left a quaint historical charm evident in its downtown area. The town features several parks and recreational opportunities, including the popular Cornelia City Park and the Ivy Hall Historic Site, where visitors can learn about local history. Outdoor enthusiasts will appreciate the proximity to hiking trails, waterfalls, and the scenic beauty of the surrounding Appalachian Mountains. Cornelia’s downtown area boasts delightful shops, local eateries, and seasonal events that bring the community together, including festivals and farmer's markets. The area is also well-positioned for those seeking to explore further attractions in the region, such as nearby Lake Hartwell and the artistic town of Clarkesville. Overall, Cornelia provides a blend of small-town charm, outdoor adventure, and community spirit.

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