The Money magazine named the capital of Georgia the best place to live in the United States in 2022-2023. It turns out that Atlanta surpasses New York and San Francisco - both in terms of economic opportunities, and the quality of the urban environment, and most importantly - the region has a huge potential, which is just beginning to unfold.
Residents
Apparently, Americans from other states agree with the conclusions of Money magazine's analysts. Because they are actively moving to Atlanta. Only from April 2022 to April 2023 the population of the region increased by 66 thousand people.
People are traveling to Atlanta from New York, San Francisco, Los Angeles, Washington, D.C., Miami....
This trend has been going on for ten years in a row. Now 5.2 million people live in the metropolitan area (about 500 thousand of them in Atlanta itself, the rest - in the agglomeration). It is expected that by 2040 the population will increase by 2.5 million people.
It is recommend that investors pay attention to these figures. Long-term population influx is a guarantee of sustainable demand for local real estate in the future.
Jobs
Why do people move to Atlanta? One of the main reasons is that there is a strong labor market here.
Unemployment is 3%. The average income of residents is $82 thousand. Of course, top specialists earn much more.
Atlanta is home to the offices of 16 Fortune 500 companies, including Coca-Cola, Home Depot and UPS. There are offices of Microsoft, NCR, Google... And the Atlanta Tech Village in Buckhead is home to more than 600 startups.
The main thing is that the labor sector is not dependent on one industry, it is very diverse. Here you need specialists in IT, healthcare, finance, logistics, entertainment, film production, advertising, marketing... And where jobs are good, everything else develops - entertainment, gastronomy, urban services... And of course, the rental market.
By the way, corporations are so eager to open offices in Atlanta because it is a very convenient transportation hub. The local Hartsfield-Jackson International Airport is one of the largest in the States. Lufthansa, Air France, British Airways and many American airlines fly here.
Real Estate
The ratio of price and quality of real estate in Atlanta is much more pleasant than in other famous metropolitan areas of the United States. Housing here is on average twice as affordable as in New York, and three times cheaper than in San Francisco.
In Atlanta for the same money you can afford a better quality of life. And that's another big reason to move to the region.
In October 2023, the average cost of real estate in Atlanta reached $409 thousand. From month to month there are small fluctuations in prices, but in general - the trend is upward. By comparison, in 2019, a typical property in the region cost less than $300k.
Of course, in Atlanta, as in any metropolis, there are more and less prestigious locations, where the cost of real estate differs by an order of magnitude. The most prosperous neighborhood, the local "Beverly Hills", is called Buckhead. Robb Report magazine consistently ranks it as one of the "10 wealthiest neighborhoods in the country" because of "the most beautiful mansions, best shopping and restaurants in the southeastern United States." Buckhead is home to local politicians, celebrities, and successful businessmen. The neighborhood is mostly built up with private villas, which would cost several million dollars to buy.
Nature
Many people like the fact that Atlanta has distinctly four seasons of the year. In winter it snows, but it is not as cold as, for example, in New York. Summer is hot, but still milder compared to Miami. Autumn and spring are very comfortable, the temperature ranges from +15 to +25 ° C. Most days are sunny!
And what is important - in Atlanta you will not feel trapped in a concrete jungle. Whether you prefer a stroll through picturesque parks, a challenging hike through the mountains or a quiet vacation by the water - there are options.
The city itself has plenty of parks and an extensive network of BeltLine bike paths that locals are justifiably proud of. Boating, fishing, hiking, biking, camping and picnicking are all year-round outdoor activities that locals enjoy.
Education
Another reason Americans move to Atlanta is education. There are many good private and public schools here that offer intensive college preparatory programs.
There are also several high-profile universities located in Atlanta: Emory University, Georgia Institute of Technology, Georgia State University, and Morehouse College.
Special attention is paid to programs of study in such fields as health care, technology and arts. By the way, these industries are well developed in Atlanta, so graduates of local universities usually have no problem finding a job.
Culture
Finally, culture is what makes Atlanta special. It's a small city of 500,000 people, but you're unlikely to find such a diverse cultural scene anywhere else in the United States.
Atlanta is called the Hollywood of the South: it is the No. 2 city in America in terms of the size of the film and television industry. For example, many Marvel movies are filmed here, and it's common to see a movie star on the streets of Atlanta. Here you can tour studios, visit filming locations and movie festivals.
The music scene is thriving. There are free concerts in parks all over the city, parties in clubs, Broadway shows in theaters, and concerts by some of the world's most popular artists at Mercedes-Benz Stadium.
The visual arts are also top notch, with many museums and galleries. Atlanta is also praised for its gastronomy. And also sports, theaters, educational centers for children - there is literally everything here.
Education
Another reason Americans move to Atlanta is education. There are many good private and public schools that offer intensive college preparatory programs.
There are several top-ranked universities also located in Atlanta: Emory University, Georgia Institute of Technology, Georgia State University, and Morehouse College.
What's good about Atlanta
So why did Money magazine analysts rank Atlanta as the best city to live in the United States?
It has a pleasant climate, diverse nature, a rich cultural scene, a comfortable urban environment.... Yes, but other metropolitan areas can also boast of this.
What's special about Atlanta is that all of these things are in abundance here. Most cities have parks, but only Atlanta has so much greenery that it is called "a city in the forest". Many metropolitan areas have airports, but in Atlanta - if you believe the media reports - "the most efficient airport in the world". There are many places to buy good real estate, but in Atlanta you will find the best value for money.
1 Comments
Atlanta is really hot and humid. Be aware, not really good for some people
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