How Much House Can I Afford on a 170k Income in Georgia?

With a 170k income, you're well-positioned to purchase a home in Georgia. Financial advisors recommend spending about 3 to 4 times your annual income on a home, suggesting a budget between $510,000 and $680,000, depending on factors like your down payment and existing debts.

In Atlanta, the median home price is approximately $450,000, which is below your minimum affordability range. This situation opens up a broad selection of homes, potentially allowing you to consider higher-end properties or homes in better neighborhoods.

Other areas such as Savannah and Augusta offer competitive pricing at around $300,000. Georgia's property tax rate averages 1.05%, adding roughly $4,725 annually on an average home. Coupled with a cost of living slightly below the national average, your income provides ample opportunities for homeownership.