Before you retire, it is crucial that you know how much it is going to cost you to live in your preferred destination. This will help you with your planning. Fortunately, the cost of living in Atlanta is below the average for the rest of the country, and there are plenty of expenses that retirees will encounter that are quite affordable.
The cost of living is 1.7 percent less than the nationwide average in Atlanta according to Forbes. This is impressive for such a large city. But, how does Hotlanta compare to the rest of the United States when it comes to major budgetary categories?
The housing costs have displayed an upward trend in recent years in Atlanta, while rent remains relatively stable. Job growth and population increases are likely to cause prices to go up. Atlanta has a median home price of $162,200 according to figures from July of 2015. And, rent is about $1,328 per month on average for a one-bedroom apartment. Two-bedroom units will run you around $1,702. The prices decrease drastically if you are willing to live in certain more affordable suburbs.
Atlantans’ food spending is right on par with that found in the rest of the country with 12.6 percent of their household expenditures going to food. Residents are also fairly average in that they spend 60 percent of their food budget on food prepared at home versus 40 percent spent at restaurants. In Atlanta, you can expect to pay $3.19 on average for a gallon of milk, $2.51 for a dozen eggs, and $3.55 for a pound of boneless, skinless chicken breasts.
As with food prices, the spending on transportation in Atlanta is right around the average for the rest of the United States with 17.1 percent of one’s expenditures going to transportation. Of course, this number will be lower if you do not have a daily commute. The gas prices in Atlanta are currently ranging between $1.98 per gallon and $2.59. Car insurance, on the other hand, is among the most expensive in the country at $2,225 per year. This number varies depending on where exactly you live, your driving style, your history, and the vehicle you use.
Compared to the rest of the country, senior care is quite affordable in Atlanta. Home health care is $40,040 per year in Atlanta, but about $46,000 nationally. When it comes to adult day health care, you can expect to pay an average of $17,680 in most of the US, but it averages only $16,900 in Atlanta. Assisted living is on average $4,500 more nationally than it is in Atlanta. Lastly, a semi-private and private room in a nursing home will cost you $92,378 and $82,125 respectively nationwide but $83,950 and $78,475 in Atlanta.
It pays to comparison shop for housing based on affordable transportation options, pricing, and walkability since the price range in Atlanta varies dramatically.
Find assisted living in Atlanta near you.