Why buy land in Georgia?

Land For Sale In Georgia

• Cost of Living: According to MERIC data, Georgia has the fifth-lowest cost of living in the country. Tennessee, South Carolina, North Carolina, and Florida all have higher average living expenditures, in contrast to its western neighbor Alabama, which holds the fourth-lowest ranking on the list. Additionally, Georgia is ranked 13th on U.S. News and World Report’s Affordability Ranking, which directly compares a state’s average cost of living to the typical household income.

• Strongest Economy: Georgia continued to follow its Southern neighbors in the 20th century in making the transition from an economy that was highly dependent on agriculture to one that was more centered on manufacturing and service-related activities. In the state, services like government, finance and real estate, trade, construction, transportation, and public utilities account for almost four out of every five jobs. The majority of the remaining occupations are in manufacturing, which only employs a small portion of the workers. Georgia’s economy outperformed most other Deep South states in the late 20th century, and by the early 21st century, it had grown to be one of the strongest in the nation.

• Power and Resources: In addition to cement, sand, and gravel, Georgia is one of the nation’s top producers of building stone and crushed stone. One of the richest marble deposits in the world is located in Pickens County, which is in the northern part of the state. In addition, Georgia is the nation’s top producer of kaolin, which is extracted from sizable pits in the state’s center. The majority of the state’s electricity is produced using fossil fuels, with roughly two-fifths of Georgia’s power coming from natural gas and almost one-third from thermal coal facilities. More than one-fourth of the state’s electricity comes from nuclear sources, while more than one-twentieth of Georgia’s energy requirements are met by renewable sources like hydroelectricity.

• Reasonable home prices: Georgia remains one of the least expensive states in the US to own a home, even though the cost of real estate has climbed in 2022. Georgia’s typical property value is $221,471, while the monthly rent would be $1,455, which is significantly less than the US national average.

• Georgia enjoys wonderful weather: Georgia is a warm country with long, scorching summers and short, pleasant winters. The average annual rainfall in the state is 50 inches and the average annual snowfall is 1 inch. Georgia experiences 218 sunny days annually on average, compared to 205 in the US.

• Georgia’s labor market is booming: Georgia’s economy is flourishing, and the state’s employment cuts last year weren’t as severe as they were in many other states. 17 Fortune 500 firms, including Home Depot, UPS, Coca-Cola, Delta Air Lines, Honeywell, Equifax, FleetCor Technologies, and SunTrust Banks, are based in the state, and the economy is projected to rise by 4% this year.