Augusta, GA, is a vibrant city with a rich history and plenty of activities to keep visitors entertained. With an array of cultural attractions, top-notch shopping and dining options, outdoor recreation areas, and historic sites, Augusta has something for everyone. For anyone looking for a weekend getaway or planning a longer stay, Augusta offers an exciting mix of modern amenities and traditional charm that makes it an ideal destination for travelers from near and far. Homebuyers can find many different housing styles to suit their needs. They can select from spacious single-family homes to charming bungalows or luxury condominiums. With its convenient location on several major highways and interstates, plus access to nearby airports in Atlanta and Charlotte, getting here is easy. Let's look at what makes Augusta such an exciting place to invest in real estate.
Quick Facts:
- Augusta is home to 200,000 people.
- Augusta's annual salary is well above the national average at $54,232.
- The median listing price for homes is around $195K.
Augusta, GA, in a Nutshell
Located in the heart of the state and nestled on the Savannah River near its border with South Carolina. Augusta is home to 200,000 people making it the third-largest city in Georgia. It is also one of the oldest cities in the state; its first settlement was founded in 1735. Step into a vibrant, diverse destination like none other in Georgia – Augusta! Here you will find something for everyone: southern hospitality to cutting-edge technology and art galleries. Explore the historic streets of this second oldest city seated on the banks of Savannah River. You'll be amazed by its unique combination of contemporary amenities with timeless attractions, lively music venues, performing arts events, and captivating outdoor adventures. Whether looking for family fun or career opportunities, let your experience begin here at one-of-a-kind Augusta, where history meets high tech, industry converges with leisure activities, and old culture blends seamlessly with progressiveness!
Economy
With a rising job market and an unemployment rate lower than average, Augusta-Richmond County has established itself as a great place for economic development. Through targeted initiatives like seeking new industry and trade opportunities coupled with efforts to expand existing businesses in disadvantaged areas of town, this city aims to become an even more attractive location for investment over the next decade, with an estimated growth of 38.5%.
Employment
This beautiful city offers a variety of opportunities for potential residents, making it an ideal destination for those looking to settle down. From its burgeoning job market to its attractive cost of living, Augusta has something to offer everyone. The average annual salary in Augusta is well above the national average at $54,232. If converted to an hourly rate, that translates to about $26.07 per hour or $4,519 per month. Salaries can vary depending on the occupation, experience, and other factors. Many professionals, such as anesthesiologists, gastroenterologists, and interventional cardiologists, enjoy higher salaries than most others.
Augusta, GA, Real Estate Market
Augusta's real estate market is heating up! Homebuyers making their way to Augusta, GA, in December 2022 could expect the median listing price for homes to be around $195K. This marks a 6.9% increase from last year's prices and amounts to an average of about $125 per sq ft! Home prices range from as low as $1.1K to high-end listings hitting almost 4 million. There are many options, whether buyers are looking for an affordable condo or townhome or want something more luxurious like a multi-family estate. The average number of days on the market before selling was 50 in December 2022.
Final Thoughts
For homebuyers thinking about retiring or relocating to somewhere with a lower cost of living and plenty of amenities, Augusta should definitely be at the top of their list. Because of its high rankings in categories such as desirability, value, the employment outlook, quality of life, and net migration, this city is an excellent option for both young professionals and retirees. Plus, with its southern charm and abundance of things to do, you'll never get bored in Augusta!
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