Zip 31419 (Savannah, GA) Economy


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Savannah, GA (31419) is an affordable place to live for individuals and families. The average two-bedroom rent is $1,370, lower than the US two-bedroom rent of $1,430. Additionally, the Grocery Cost Index in Savannah is 98 versus 100 in the US. This makes it an attractive option for those looking to live comfortably without having to break the bank. Savannah has a diverse economy with several local businesses and services available including International Paper Company, Gulfstream Aerospace Corporation, JCB Inc., Hunter Army Airfield, and Memorial Health University Medical Center. There are also plenty of art galleries and shopping centers as well as spas, salons, restaurants, pubs and cafes to choose from for entertainment.

Savannah (zip 31419) has an unemployment rate of 5.4%. The US average is 6.0%.

Savannah (zip 31419) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.

Tax Rates for Savannah (zip 31419)
- The Sales Tax Rate for Savannah (zip 31419) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Savannah (zip 31419) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Savannah (zip 31419)
- The average income of a Savannah (zip 31419) resident is $24,430 a year. The US average is $28,555 a year.
- The Median household income of a Savannah (zip 31419) resident is $59,590 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySavannah, GeorgiaUnited States
  5.46
  -4.8%-6.2%
  38.5%33.5%
  7.0%6.2%
  5.8%4.6%
  $31,088$37,638
  $59,590$69,021
  $70,227$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  4.0%6.8%
  6.4%10.0%
  1.7%2.5%
  15.5%11.0%
  8.2%4.8%
  0.8%0.8%
  1.4%1.9%
  1.8%4.7%
  1.6%1.9%
  5.7%7.6%
  0.2%0.1%
  4.8%4.2%
  9.0%9.3%
  14.1%14.0%
  1.8%2.1%
  12.8%7.0%
  4.0%4.8%
  5.9%4.7%
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