Quick facts: Augusta, GA

Quick Facts

90.5
Cost of Living
below US average
202,096
Population
31.34
Crime Rate per 1000
above US average
$50,492
Median Income
below US average
$85,000
Median House Price
above US average
$1442.79
Average Rent
above US average
18%
Poverty Rate
above US average
4.2%
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 $50,492.

🏠

Income Needed to Buy

βœ“ Affordable
$27k/year
Based on $85,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,492) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$62k/year
Based on $1442.79/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $62k vs median $50,492
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Augusta, GA

Augusta, Georgia, is a city renowned for its rich history and vibrant culture. Situated in the eastern part of the state along the Savannah River, Augusta is best known as the home of the prestigious Master's Golf Tournament, held annually at the Augusta National Golf Club. The city's historical roots trace back to 1736, making it one of the oldest cities in Georgia. Augusta boasts a diverse array of attractions, including the Augusta Museum of History, which showcases the city's past, and the beautiful Riverwalk, a scenic pathway along the river offering stunning views and recreational opportunities. The city is also known for its burgeoning arts scene, highlighted by the Morris Museum of Art, dedicated to Southern art. In addition to its cultural offerings, Augusta features a thriving healthcare sector, anchored by the Medical College of Georgia. The cost of living is relatively low compared to national averages, making it an attractive place for families and retirees alike. With a warm climate and a friendly community, Augusta perfectly blends Southern charm with modern conveniences.

πŸ” Search & Compare Places

First Location πŸ“