From its supernatural presence to its tranquil nature trails, living in Roswell often feels like you've stepped into a storybook, adding an air of enchantment that's often compared to Savannah, Georgia. With a rich heritage dating back to the 1830s, Roswell was once one of the area's leading cotton producers, even after the Civil War. Today, Roswell has retained much of its historic charm and is one of the most affluent suburbs in the Atlanta metropolitan area. Combining old-world architecture with contemporary luxury, Roswell is a rising star in the Atlanta real estate market and one of Georgia's most sought-after communities. With everything this captivating community offers, it's easy to understand why so many people have fallen in love with Roswell.
If you are considering moving to Roswell, there are many things to consider, namely, the cost of living. How much does it cost to live in Roswell? Will living in Roswell give you the lifestyle you want? By weighing the benefits and cost of living in Roswell, you can determine whether or not this is the right community for you. Whether it's housing or utilities, here's the real cost of living in Roswell, Georgia.
Home purchase price
If you are considering relocating to the Atlanta Metro, many factors come into play when deciding which suburb you want to relocate to. Many people think about their daily commute or which school district they want to be part of. Yet for many, one of the greatest determining factors is housing. This is especially true if you plan on moving to Roswell. When searching for a new community to call home, it's important to consider the local real estate market. How much does it cost to buy a house in Roswell? Can you afford the type of home you want in Roswell? What are some of the different housing styles available in the area?
Like many of Atlanta's suburbs, Roswell has an incredibly robust, competitive real estate market with steadily increasing housing prices. In fact, since it is one of Georgia's most desirable communities, Roswell homes come at a premium, even compared to the rest of the Atlanta Metro. On average, real estate prices in Atlanta are around $353,300. As of April 2023, Roswell's median home sales price is $579,712, which is 15.9% higher than in 2022.
When moving to a new area, there are many expenses you have to consider. While many people think about the massive upfront expenses, such as housing, creating a monthly budget is also essential. For many, one of the most significant monthly expenses is utility costs. Depending on the season, Roswell homeowners can see fluctuations in their utility bills. For instance, electric bills typically run higher in the summer, especially if you continuously run your central air to keep your house cool. Roswell's utility bills are affordable, running 16% below the national average every month. You can expect to pay around $148.53 monthly for your energy bills, although it can run higher during the summer. Another significant expense is the Internet, especially if you work remotely.
Along with utilities, food is one of the most important things you need to budget for every month. Whether you are a single person or feeding a family of four, your food budget is one of the most widely varying costs. Still, knowing how much you need to set aside for food every month is essential. If you rely primarily on grocery shopping, you can expect to pay around $3,479 for food annually per person, while a family of four will spend about $10,048 per year on groceries. This cost can also skyrocket, depending on how often you go out to eat or order take-out.
Whether you are working in Roswell or Atlanta's downtown core, transportation costs are another thing you will likely need to budget for. Even if you work from home, knowing how much it costs to get around Roswell is essential. Living in the Atlanta metropolitan area, you can expect to pay 23% more on transportation costs than in many other cities, especially if you drive. If you live in Roswell but work in Atlanta, you can either drive yourself to and from the city or use public transportation to get you around. If you drive, you will need to pay attention to the cost of gas and car insurance. As of March 2023, filling up your gas tank costs around $3.13 per gallon. Along with gas, you'll also need to budget for insurance, which is around $1,764 per year. If you rely primarily on public transportation to get you around, expect to pay around $58.40 per month.
When moving to a new area, there are other things you need to consider than the cost of living. You also need to consider your overall quality of life. With its beautiful downtown square and nature parks, it's easy to understand why so many people fall in love with this enchanting small town. Beyond its romantic, old-world charm, Roswell is also an incredibly welcoming, tight-knit community where you can easily feel right at home. Yet, it's also important to consider whether or not you can afford to live in Roswell. Will you earn enough money to afford that beautiful estate you've had your eye on? Will your salary offset the higher cost of living in such a desirable community? Depending on the field you work in, it can.
Because Roswell is so close to Atlanta, you will also have access to many career opportunities with upward mobility and exceptional pay. So what is the average salary for living in Roswell? And what are some of the highest-paying jobs in the area? Overall, the average household income in Roswell is around $111,214 per year.
Ready to find your next home?
Are you searching for luxury homes for sale in Roswell, GA? Whether you're relocating to the area or have finally saved enough money for your dream home, you need an area expert to help you navigate the local market. Backed by years of industry experience and local market expertise, Heather Armstrong is your trusted resource in Roswell real estate. Contact Heather today to get started on your house hunt.