If you’re thinking about moving to this wonderful Atlanta neighborhood, it’s helpful to not only know how much homes cost in this area, but also what the average cost of living is compared to Atlanta as a whole, the rest of Georgia and the entire US.
Since it can be such a challenge to find all of this information in a central location, we’ve put together the following guide to give you an accurate idea of how much you can expect living in Buckhead to cost you and your family.
How It Works
The way that cost of living indexes are created is by taking a national average for the entire US and placing its value at 100. Then if an area has a higher cost, its value will be 101 or above. And if it has a lower cost, its value will be 99 or below. This system makes it possible to compare a wide range of costs, as well as compare specific areas to each other. Based on this system, Buckhead’s cost of living index is 117, while Atlanta is 94 and Georgia is 93.
Before we get into the specifics, it’s helpful to have a quick summary of all the data. When compared to the total cost of living for the US, Buckhead is 17.3% higher. And when compared to Atlanta as a whole, living in Buckhead costs 24.6%. It’s also worth noting that with the exception of groceries, the other five components of Georgia’s cost of living index are below the national average.
The Goods & Services, Groceries and Health Care Indexes
While comparing the total cost of living index for Buckhead, Atlanta, Georgia and the US provides a useful overview, diving deeper into these numbers can provide an even better understanding of where you can expect your money to go each month.
For goods & services, the respective index for Buckhead, Atlanta and Georgia is 100, 100 and 96. For groceries, it’s 104, 104 and 101. And the health care index is 96, 96, 96.
The Housing, Transportation and Utilities Indexes
When you looked at the above indexes, you may have noticed that Buckhead and Atlanta were equal for all three. If you’re wondering how it’s possible for the total cost of living in Buckhead to be 24.6% higher than the rest of Atlanta, it’s because of housing. This index for Buckhead, Atlanta and Georgia is 159, 82 and 80.
For transportation, Buckhead’s cost falls back in line with Atlanta and Georgia with 100, 100 and 97. The same is true for utilities, with this respective index being 93, 93 and 97. So although Buckhead requires a bigger investment in buying a home, it provides a very appealing lifestyle that’s financially in line with the rest of Atlanta.
To see what homes are currently on the market in this popular Atlanta neighborhood, use our free Buckhead search tool. And if you have any additional questions about living in Buckhead, one of our agents will be more than happy to answer them for you. Simply use our contact page to get in touch with us by phone or email.