Savannah Real Estate Market Overview
Public School Ranking:
Location and Weather
The charming city of Savannah is located in east Georgia along the Atlantic Ocean. It borders South Carolina to the north and is the county seat of Chatham County. This city is known as an industrial center and important Atlantic seaport. It is also Georgia’s 4th largest city and the home of the Savannah Historic District, which is one of the largest National Historic Landmark Districts in the United States.
Savannah is also full of stunning green spaces, art and architecture, trendy boutiques, and impressive cuisine. This city has a coastal climate, with warm temperatures almost year-round. Winters are pleasant, and summers can be hot and humid.
Population, Job Market and Cost of Living
Savannah has a population of 140,405, with a decreasing growth rate of -0.95% annually. The job market has increased by 1.4% over the last year. In ten years, job growth is predicted to be 38.5%. Some of the largest economic drivers of Savannah include tourism, military, manufacturing and film industries. Healthcare is also a thriving industry in Savannah, as it is home to two nationally recognized medical centers – the Memorial University Medical Center and the St. Joseph’s/Candler Health System.
Other major employers include Walmart, Target, UTC Overseas, and a variety of large retail, restaurant, and distribution corporations. The cost of living here is lower than Georgia and the U.S. average cost of living. Housing costs specifically are considered quite affordable.