Quick facts: Colquitt, GA

Quick Facts

97.5
Cost of Living
below US average
45,762
Population
2.29
Crime Rate per 1000
below US average
$47,235
Median Income
below US average
$151,900
Median House Price
above US average
$612.5
Average Rent
below US average
22%
Poverty Rate
above US average
3.7%
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 $47,235.

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Income Needed to Buy

βœ— Stretch
$48k/year
Based on $151,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $48k vs median $47,235
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Income Needed to Rent

βœ“ Affordable
$26k/year
Based on $612.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($47,235) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Colquitt, GA

Colquitt is a small town located in Miller County, Georgia, characterized by its charming Southern feel and rich cultural heritage. As the county seat, Colquitt serves as a hub for local government and community activities, while its population hovers around 1,500 residents. The town is known for its annual events, such as the famous "Colquitt/Miller County Peanut Festival," which celebrates the local peanut industry and draws visitors from surrounding areas. The town's history is reflected in its numerous historic buildings and landmarks, giving it a quaint, small-town atmosphere. Outdoor enthusiasts can enjoy nearby parks and recreational areas, and the natural beauty of the region is evident with nearby lakes and rivers, making it ideal for fishing, boating, and hiking. Colquitt is also renowned for its connection to the art of storytelling; it has a vibrant arts scene, with several cultural events and performances hosted throughout the year. Overall, Colquitt offers a warm, welcoming community with a blend of tradition, art, and outdoor leisure, providing a unique glimpse into Southern life.

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