The South is known for its affordable housing, and Atlanta is making strides toward creating more affordable housing solutions throughout the city. However, there are some parts of the city that require a higher income in order to live there.
GOBankingRates found the most expensive ZIP codes in every state and determined the cost to live in those areas.
Georgia’s most expensive ZIP code is 30327, located in Fulton County and covering neighborhoods such as Paces, West Paces Ferry–Northside and Buckhead.
The website looked at the median home values and mortgage payment data from Zillow in order to find the most expensive zip codes, as well as cost-of-living expenses such as groceries, transportation, utilities and healthcare. Then it used the 50-30-20 rule to determine the yearly income needed to cover expenses.
According to GOBankingRates, residents in the area would need to earn $143,676 in order to cover its expenses, which is $100,000 more than Atlanta’s median income.
The Cost to Live in Georgia’s Most Expensive ZIP Code
- ZIP Code: 30327
- Total Annual Necessities: $71,838
- Total Annual Splurges: $43,103
- Total Annual Savings: $28,735
- Total Income Needed: $143,676