Atlanta, GA is a vibrant city known for its cultural diversity, burgeoning economy, and Southern charm. For someone earning $133,840 annually, understanding how this income translates in terms of quality of life, especially against the backdrop of the cost of living and housing, is crucial. Let's delve into various aspects such as cost of living, housing market, overall quality of life, healthcare access, and education.
General Living Expenses: Atlanta's cost of living is generally lower than that of many major metropolitan areas in the United States. This includes affordable groceries, dining, utility costs, and transportation.
Comparison to National Average: While Atlanta's cost of living is somewhat higher than the national average, the city remains a more affordable option compared to cities like New York, San Francisco, or Los Angeles.
Average Home Prices: The median home price in Atlanta is competitive compared to other large cities. It's more affordable than some of the larger coastal cities, yet may still pose challenges for first-time buyers depending on the area.
Rental Market: Renting is a popular option, with a variety of affordable apartments and homes available. However, rental prices are experiencing an upward trend due to increased demand.
Income Sufficiency: An income of $133,840 is considered well above the median household income in Atlanta, providing a comfortable lifestyle with discretionary income for entertainment, travel, and savings.
Cultural and Recreational Opportunities: Atlanta offers a rich tapestry of cultural events, historical sites, music festivals, and sporting events. Residents have ample access to parks and recreational facilities.
Healthcare Facilities: Atlanta is home to renowned healthcare institutions such as Emory University Hospital and Children's Healthcare of Atlanta, offering excellent medical services.
Healthcare Costs: While healthcare services are accessible, costs can vary and might be slightly above the national average depending on the service provider.
Public Education: Atlanta has a mix of high-performing public schools as well as those that may require improvement. School performance often correlates with neighborhood affluence.
Private and Charter Schools: There are numerous top-rated private and charter schools, providing families with multiple educational options at various price points.
What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to: