Quick facts: Decatur, GA

Quick Facts

105.4
Cost of Living
above US average
24,338
Population
28.39
Crime Rate per 1000
above US average
$129,992
Median Income
above US average
$590,000
Median House Price
above US average
$2132.66
Average Rent
above US average
7%
Poverty Rate
below US average
3.1%
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 $129,992.

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Income Needed to Buy

βœ— Stretch
$185k/year
Based on $590,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $185k vs median $129,992
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Income Needed to Rent

βœ“ Affordable
$91k/year
Based on $2132.66/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($129,992) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Decatur, GA

Decatur, Georgia, located just six miles east of downtown Atlanta, is a vibrant city known for its charming atmosphere, rich history, and strong sense of community. Established in the early 19th century, Decatur boasts a blend of historic architecture and modern amenities, making it a desirable place to live and visit. The city is renowned for its bustling downtown area, featuring an array of cafes, boutiques, and local restaurants that cater to diverse tastes. The Decatur Square is a focal point for events and activities, hosting farmers' markets, festivals, and concerts throughout the year. Decatur is home to several parks, providing plenty of green spaces for outdoor enthusiasts. The city fosters a strong sense of community through its emphasis on public engagement and local events. Education is highly valued, with Decatur City Schools consistently ranked among the top in the state. Transportation is convenient, with access to MARTA public transit, making it easy to navigate to neighboring Atlanta. With its charming environment, strong community ties, and proximity to Atlanta, Decatur is an attractive locale for families, young professionals, and anyone seeking a vibrant suburban lifestyle.

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