Quick facts: Powder springs, GA

Quick Facts

97.5
Cost of Living
below US average
17,337
Population
18.34
Crime Rate per 1000
below US average
$88,311
Median Income
above US average
$415,000
Median House Price
above US average
$2233.59
Average Rent
above US average
12%
Poverty Rate
above US average
3.5%
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 $88,311.

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Income Needed to Buy

βœ— Stretch
$130k/year
Based on $415,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $130k vs median $88,311
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Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2233.59/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $88,311
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Powder springs, GA

Powder Springs is a charming city located in Cobb County, Georgia, just 22 miles northwest of downtown Atlanta. Known for its small-town feel and southern hospitality, it offers residents a peaceful suburban lifestyle with the convenience of nearby urban amenities. The city has a rich history dating back to the 1800s, initially centered around its natural mineral springs, which attracted visitors seeking health benefits. Today, Powder Springs features a variety of parks and recreational facilities, including the popular Powder Springs Park and the Silver Comet Trail, perfect for outdoor enthusiasts. The city hosts several annual events, such as the Powder Springs Country Fest, which showcases local talents and brings the community together. With a strong emphasis on family-friendly living, the area boasts highly-rated schools and various housing options, making it an attractive place for families. The local economy is diverse, supported by small businesses and easy access to major highways like I-20 and I-285, positioning residents for a quick commute to Atlanta's job market. Overall, Powder Springs is an inviting community that balances history, nature, and modern living.

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