Finances

Is Atlanta a LCOL city?

Discover if the cost of living in Atlanta is affordable. Check out our breakdown of the most important costs to consider!

Advertisement

Find out if the cost of living in Atlanta is affordable or not

Finding the best city to live in is not easy, but this post will help you. Source: Freepik.

Atlanta, Georgia, is a city with a rich history. Founded in 1837 as the Western & Atlantic railroad terminus, Atlanta quickly became a major transportation hub. But is Atlanta a LCOL city or not?

In the years following the war, Atlanta experienced rapid growth, becoming known as the “New South” for its modern infrastructure and progressive attitude. 

Today, Atlanta is a thriving metropolis and home to some of the nation’s top businesses and attractions.

From the world-renowned Coca-Cola Museum to the historic Fox Theatre, there’s something for everyone in Atlanta.

woman holding keys from new apartment

Top 10 LCOL areas to live in the US

Save some money by picking one of these LCOL areas to live in the U.S. Check the benefits of each one to find the best for you.

Southern hospitality is alive and well in Atlanta. This city has a lot to offer its residents and visitors alike. 

Whether you’re looking for great food, lively nightlife, or a strong arts scene, Atlanta has something for everyone.

But what about the cost of living? Is Atlanta an LCOL city? Let’s take a closer look.

What is a LCOL city?

A low-cost-of-living city is where the cost of necessities is relatively affordable. This includes the cost of housing, food, transportation, and healthcare.

Several factors can contribute to a city’s low cost of living, such as a strong economy and affordable housing options. 

While the definition of a low-cost-of-living city may vary from person to person, a few key indicators can help identify whether a city is LCOL.

The cost of living index

If you have a big family, knowing what an LCOL area is will make a difference in your choices. Source: Freepik.

The cost of living index is a handy tool that can help you compare the relative cost of living in different cities. It’s a big numbers game, which can initially be a bit confusing. 

But it’s not that difficult once you get the hang of it. The cost of living index is based on a basket of goods and services that are typically consumed by households.

These items are then priced in each city, and the resulting index score is used to compare the cost of living across cities. 

What is the cost of living in Atlanta?

Assuming you don’t live under a rock, you’re probably aware that the cost of living in Atlanta is slightly higher than the national average. But what does that mean? And is it worth it to live in this city?

Well, let’s break it down. Atlanta’s housing expenses are 12% higher than the national average, but utility prices are only 16% higher.

So if you’re moving here from a place with lower housing costs but higher utility bills, you might save money in the long run.

Transportation is where Atlanta starts to lose out, with Expenses like bus fares and gas prices 0% higher than the national average.

But if you can manage to live close to work or take advantage of the city’s public transportation system, you’ll be just fine.

Finally, we have groceries. Atlanta is 2% cheaper than the average American city regarding food costs.

So whether you’re a cost-conscious shopper or just love to eat out, you’ll be able to find what you’re looking for at a price that suits you.

Healthcare is one area where Atlanta is slightly above average, coming in at 6% higher than the national norm. But this probably won’t be an issue if you’re healthy and have good insurance.

So is it worth it to move to Atlanta? That’s up to you to decide. But if you’re looking for a bustling city with a slightly higher cost of living, this may be the place for you.

Is Atlanta a Lcol city?

Find out if Atlanta is a LCOL city and if this is good for you. Source: Freepik.

You may have heard that Atlanta is a “lcol” city. But what does that mean, exactly?

In short, it means that the cost of living in Atlanta is relatively low compared to other major cities in the US.

Of course, that doesn’t mean everything is cheaper there – you’ll still find plenty of high-end shops and restaurants.

But overall, you’ll get more bang for your buck in Atlanta than in New York or San Francisco. 

So why is the cost of living lower in Atlanta? Part of it concerns the city’s size – more competition for goods and services keeps prices down. 

And Atlanta is also a fairly spread-out city, so housing costs are lower than in densely-packed urban areas. So if you’re looking for a bargain, you might find it in Atlanta.

What are some of the pros and cons of living in an Lcol city like Atlanta?

There are some perks to living in a city like Atlanta.

Pros: 

  • cheap living, 
  • proximity to many amenities, 
  • variety of things to do.

There are also some downsides to living in Atlanta.

Cons: 

  • the high crime rate, 
  • bad traffic, 
  • expensive housing. 

All in all, it depends on what you’re looking for in a city. Atlanta might be a good fit if you’re looking for a low cost of living and lots of things to do. 

But if you’re looking for a safe neighborhood and great public transportation, you might want to look elsewhere.

How can people who live in Lcol cities make the most of their experience?

While Atlanta may not be the most traditional of lcol cities, there are still plenty of ways for residents to make the most of their experience. 

The city is home to several excellent museums and art galleries, perfect for exploring on a rainy day.

In addition, Atlanta is home to several great restaurants, which is ideal for foodies who want to sample the local cuisine.

And, of course, no visit to Atlanta would be complete without taking in a game at the world-famous Georgia Dome. 

What are MCOL cities? Learn all you need to know

The term MCOL refers to cities where the cost of living it’s somewhere in the middle. 

While the cost of living in an MCOL city may be lower than in a high-cost city, it is still important to be aware of the potential risks and expenses involved. Read our next post to learn more.

living cost low medium high

What is a MCOL city? Everything you need to know

Wondering what's so great about MCOL cities? Check out this article for everything you need to know before moving to an MCOL city!

About the author  /  Vinicius Barbosa

Vinicius Barbosa is a writer of finance-related content on this portal. Graduated in Social Communication, he writes about everything that involves the world of finances, from credit card recommendations to investment tips, for readers who want to make better decisions when it comes time to spend their money or invest wisely.

Trending Topics

content

What is a VPN and how does it work?

Learn what a VPN is, how they work and the many benefits of having one in your computer or mobile phone. Read on for more.

Keep Reading
content

The greatest books ever written: top 5 memorable novels

From time-tested classics to modern page-turners, these are considered by many the greatest books ever written. Read on to learn more!

Keep Reading
content

Pros and cons of a business partnership

Before entering a business partnership, understand the pros and cons. This article outlines the benefits and risksof partnerships.

Keep Reading

You may also like

content

Which music streaming service is better: Spotify, Apple Music, or YouTube Music?

Discover the differences between Spotify, Apple Music, and YouTube Music to decide which one is worth your time and your money!

Keep Reading
content

Citi® Double Cash Credit Card review

The Citi® Double Cash Credit Card pays you twice on every purchase! Check out our full review to learn more about its features.

Keep Reading
content

What are sustainable finances?

Find out what sustainable finances are and how you can make small changes to your investment to have a big impact on the environment!

Keep Reading