How Much Does It Cost to Live in Atlanta, Georgia?

Atlanta is a medium city located in Georgia with a metropolitan area population of 443,775. A couple could live a moderate lifestyle in Atlanta on a budget of $3,947 per month, or $47,361 per year.

Cost of Living in Atlanta, Georgia

As noted above, the cost of living in Atlanta, Georgia is $3,947 per month for a couple living a moderate lifestyle. This budget consists of $2,294 for housing related costs, $795 for food, and $858 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Atlanta is estimated to cost $1,986
  • Basic utilities including electricity, water, and gas will run about $222
  • High-speed internet averages $86

Food

  • Typical grocery costs of $554 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $126
  • Frequent coffees in a neighborhood café are estimated to be about $116

Other

  • Meals out are estimated to be $445 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $238 for public transport passes and occasional taxis
  • Fitness center memberships of $100
  • Cinema tickets of $75 include several outings for international releases

Note that Atlanta, Georgia is a very walkable city with a Walk Score of 82/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

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Amount of Money Needed to Retire in Atlanta, Georgia

Many people searching the internet for the cost of living in Atlanta, Georgia are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $1,184,031 to live a moderate lifestyle in Atlanta, Georgia.

Annual expenses of $47,361 ÷ 4% = $1,184,031 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Atlanta, Georgia is affordable coming in at $3,947 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $1,184,031.

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