Quick facts: Savannah, GA

Quick Facts

95.5
Cost of Living
below US average
148,004
Population
40.54
Crime Rate per 1000
above US average
$54,748
Median Income
below US average
$720,000
Median House Price
above US average
$2521.6
Average Rent
above US average
20%
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 $54,748.

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Income Needed to Buy

βœ— Stretch
$226k/year
Based on $720,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $226k vs median $54,748
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Income Needed to Rent

⚠ Stretch
$108k/year
Based on $2521.6/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $108k vs median $54,748
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Savannah, GA

Savannah, Georgia, is a charming coastal city known for its rich history, beautiful architecture, and vibrant cultural scene. Founded in 1733, it is one of the oldest cities in the United States and is famous for its well-preserved historic district, which features cobblestone streets, majestic oak trees draped in Spanish moss, and stunning 18th- and 19th-century buildings. Savannah is also home to numerous parks and squares, including the iconic Forsyth Park, which offers a picturesque setting for strolls and outdoor activities. The city boasts a thriving arts community, with galleries, theaters, and a variety of festivals throughout the year, such as the Savannah Music Festival and the Savannah Film Festival. The culinary scene in Savannah is diverse, with numerous restaurants offering traditional Southern cuisine, seafood, and innovative dishes that reflect the area’s cultural influences. Savannah's location near the Atlantic Ocean also provides beautiful nearby beaches, making it a popular destination for both tourists and locals. With its enchanting atmosphere and rich heritage, Savannah continues to captivate visitors from around the globe.

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