The cost of living in Savannah, GA is relatively low compared to the rest of the United States. The average two bedroom rent in Savannah is $1,260, while the national average is $1,430. Additionally, the Grocery Cost Index for Savannah is 97 versus 100 in the US.\nThere are many local businesses within Savannah that contribute to its unique culture. These companies range from museums and historical sites such as Owens-Thomas House and Telfair Academy of Arts & Sciences to hip restaurants like The Collins Quarter or coffee shops such as PERC Coffee Roasters. The city is also home to several corporate headquarters such as Gulfstream Aerospace Corporation and Healthport Technologies.
Savannah (zip 31406) has an unemployment rate of 5.4%. The US average is 6.0%.
Savannah (zip 31406) has seen the job market decrease by -4.8% 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 31406)
- The Sales Tax Rate for Savannah (zip 31406) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Savannah (zip 31406) 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 31406)
- The average income of a Savannah (zip 31406) resident is $38,289 a year. The US average is $37,638 a year.
- The Median household income of a Savannah (zip 31406) resident is $57,464 a year. The US average is $69,021 a year.