Cost of Living in Cartersville

Cartersville, Georgia, a city with a population of over 23,000 residents, offers a cost of living that is generally lower than the national average. Here’s what you need to know about living expenses in Cartersville as of 2024:

Overall Cost of Living

Contrary to previous reports, Cartersville’s cost of living is actually below the national average. According to recent data:

• Cartersville’s overall cost of living is 94.6% of the national average.
• The cost of living in Cartersville is 4% lower than the national average.
• BestPlaces reports Cartersville’s cost of living index as 92, which is 8% lower than the U.S. average.

It’s worth noting that Salary.com presents a slightly different picture, suggesting that the cost of living in Cartersville is 3.1% higher than the national average. This discrepancy highlights the importance of consulting multiple sources when evaluating cost of living data.

Housing Market

The Cartersville real estate market has been experiencing growth:

• As of April 2024, home prices in Cartersville were up 17.5% compared to the previous year, with a median price of $347,000.
• Homes in Cartersville are selling after an average of 48 days on the market, compared to 26 days the previous year.
• The median listing home price in March 2024 was $387,300, trending up 12.3% year-over-year.

Specific Living Expenses

Housing

Housing costs in Cartersville are 4.1% higher than the national average.

Utilities

Energy costs in Cartersville are 2.2% lower than the national average.

Food

Food expenses in Cartersville are 3.5% higher than the national average.

Healthcare

Healthcare costs in Cartersville are 9.9% lower than the national average.

Transportation

Transportation expenses in Cartersville are 1.2% lower than the national average.

Comparison to Other Cities

When compared to major U.S. cities, Cartersville offers significant cost savings:

• 83.4% lower cost of living than San Francisco, CA
• 73.9% lower than New York, NY
• 50.0% lower than Boston, MA
• 42.1% lower than Washington, DC
• 12.3% lower than Miami, FL
• 9.3% lower than Chicago, IL
• 3.9% lower than Dallas, TX

While specific costs may vary depending on individual lifestyle choices, Cartersville generally offers a cost of living that is lower than the national average. The city’s growing real estate market and relatively affordable living expenses make it an attractive option for those seeking a balance between quality of life and affordability in Georgia.

Step 1: Determine Your Budget

• Evaluate your finances: Review your income, savings, and credit score.
• Get pre-approved: Contact a mortgage lender to get pre-approved for a loan, which will give you a clear idea of what you can afford.

Step 2: Find a Real Estate Agent

• Call or Text Chris Hardin : 706-264-8088
• Buyers Consultation: We will get together in-person on via zoom to discuss your needs, wants and timeline. 

Step 3: Start House Hunting

• Make a list of priorities: Decide on the must-haves for your new home (e.g., location, size, amenities).
• Visit properties: Tour homes that fit your criteria with your real estate agent.

Step 4: Make an Offer

• Choose a home: Once you find the right property, work with your agent to make a competitive offer.
• Negotiate: Be prepared for some back-and-forth with the seller on price and terms.

Step 5: Get a Home Inspection

• Hire an inspector: Schedule a home inspection to identify any potential issues with the property.
• Review the report: Discuss the findings with your agent and decide if you want to proceed or negotiate repairs.

Step 6: Secure Financing

• Submit loan application: Provide your lender with all necessary documents to finalize your mortgage.
• Appraisal and underwriting: The lender will conduct an appraisal and underwriting process to approve your loan.

Step 7: Close the Deal

• Review closing documents: Carefully review all documents before signing.
• Sign and pay: Sign the closing documents and pay any remaining closing costs.
• Get the keys: Once everything is signed and payments are made, you’ll receive the keys to your new home.

Step 8: Move In & Celebrate

• Plan your move: Schedule movers and set up utilities for your new home.
• Enjoy your new home: Move in and start making your new house a home!

Buyers looking to purchase a home in Cartersville in 2024 should be prepared for a competitive market. It’s important to work with a knowledgeable real estate agent who can help navigate the buying process and negotiate the best deal possible. Overall, while the future of the Cartersville real estate market is uncertain, it remains an attractive option for those looking for an affordable place to call home in Georgia.