ATLANTA — When it comes to the economy, and the real estate market, you may be wondering how far you can stretch each dollar in your bank account.
According to a study by GoBankingRates, Georgia’s ranked 12th for exactly how many square feet those dollars will get you.
Looking at the housing costs for each state in the United States, GoBankingRates examined how much space you’d get for $300,000, $400,000 and $500,000.
Going square foot by square foot, a Georgian with $300,000 could buy an average size home of 1,691 square feet.
The study said that measures out to about $177 per square foot, and meant the cost-of-living index score in Georgia was 79.2.
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Here’s the data for the GoBankingRates real estate study in Georgia:
- Square feet for $300,000: 1,691
- Square feet for $400,000: 2,255
- Square feet for $500,000: 2,818
- Price per square foot: $177
- Housing cost-of-living index: 79.2
The study put the following states ahead of Georgia in the running for square feet per foot:
- West Virginia
- Kansas
- Alabama
- Mississippi
- Oklahoma
- Arkansas
- Iowa
- Indiana
- Kentucky
- Michigan
- Missouri
GoBankingRates pulled the cost of living scores from a data study in 2024. That study found the average Georgia family has abut $66,250 in yearly expenses, at least as of May.
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