Chatham County · Georgia · South · 148k residents
Savannah, GA: economy, jobs & business costs
The site-selection read on Savannah: labor costs, talent, corporate tax, energy, and business activity, with the Georgia median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,241/wk. Georgia's corporate income tax rate is 5.19%. Commercial electricity averages 10.9¢/kWh.
Compare Savannah side by side
Avg. weekly wage
$1,241/wk
Corporate income tax
5.19%
Bachelor's degree or higher
33.3%
Commercial electricity
10.9¢/kWh
Economic momentum
How fast Savannah's economy is moving, ranked against the US cities we track.
64/100
Steady
Ranks Savannah's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $330,000 |
| Price per sq. ft. | $210 |
| Property tax rate | 1.1% |
| 1-bedroom rent | $1,400/mo |
| 2-bedroom rent | $1,600/mo |
| State & local income tax | 3.94% |
| Sales tax | 7% |
| Corporate income tax | 5.19% |
| Avg. weekly wage | $1,241/wk |
| Bachelor's degree or higher | 33.3% |
| Commercial electricity | 10.9¢/kWh |
| Businesses per 1k residents | 35.7/1k |
| Wage: Software developer | $123,220 |
| Wage: Registered nurse | $86,760 |
| Wage: General manager | $83,990 |
| Wage: Customer service | $36,830 |
| Wage: Warehouse worker | $35,510 |
| Wage: Heavy truck driver | $58,930 |
| Wage: Electrician | $58,430 |
| Wage: Retail salesperson | $30,160 |
| Cost of living index | 95 |
| Groceries index | 99 |
| Utilities | $170/mo |
| Transit pass | $40/mo |
| Gas price | $3.05/gal |
| Healthcare index | 97 |
| Childcare (per child) | $1,000/mo |
| Median household income | $55,000 |
| Unemployment rate | 3.6% |
| Population | 148k |
| Crime index | 53/100 |
| School rating | 5.0/10 |
| Walkability | 43/100 |
| Disaster risk | 97/100 |
| Avg. commute | 21 min |
| Sunny days / year | 216 days |
| July high | 92°F |
| January low | 40°F |
| Annual snowfall | 0 in |
| Home price YoY | -3.1% |
| Home price MoM | -0.4% |
| Rent YoY | -1.2% |
| Rent MoM | 0.0% |
| Employment (jobs) YoY | +1.1% |
| Building permits YoY | -5.0% |
| Ocean coast | 16 mi |
| Big lake | 137 mi |
| Mountains | 249 mi |
| Major airport | 7 mi |
| Ski resort | 273 mi |
Popular comparisons
Nearby
- Pooler, GA · 28k
- Richmond Hill, GA · 18k
- Hinesville, GA · 36k
- Statesboro, GA · 34k
- St. Simons, GA · 16k
Similar size
- Macon, GA · 157k
- Athens, GA · 127k
- South Fulton, GA · 110k
- Sandy Springs, GA · 107k
- Augusta, GA · 202k
Real listings in Savannah
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Savannah a good place to run a business?
- Georgia's corporate income tax rate is 5.19%; average weekly wages in the surrounding labor market run $1,241/wk; commercial electricity averages 10.9¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Savannah, GA?
- Savannah indexes at 95 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,600/mo and a median home value of $330,000.
- How much does a house cost in Savannah?
- The median home value in Savannah is $330,000 (compiled estimate; individual listings vary).
- How much is rent in Savannah?
- A two-bedroom in Savannah rents for about $1,600/mo.