Cost of Living in Savannah, Georgia
In Savannah, the median household income is $57,137 and the median gross rent is $1,382/mo, with a median home value of $248,900. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $57,137
- Median gross rent
- $1,382/mo
- Median home value
- $248,900
- Population
- 147,898
How Savannah compares to the Georgia average
| Measure | Savannah, GA | Georgia statewide | Difference |
|---|---|---|---|
| Median household income | $57,137 | $77,353 | -26.1% |
| Median gross rent (monthly) | $1,382 | $1,393 | -0.8% |
| Median home value | $248,900 | $303,300 | -17.9% |
Statewide, Georgia prices average 96.3 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Savannah
- Salary needed for median rent
- $55,280
- Rent burden at median income
- 29.0%
- Est. affordable home price
- $208,432
So that $1,382/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Savannah is $248,900 — +19.4% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Georgia cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.