What is the cost of living of Cincinnati, Ohio vs. Atlanta, Georgia? That’s what we’re talking about in this video!
Hey guys, welcome back! This is Eric Sztanyo from Keller Williams Realty and Teamsztanyo.com where we are helping families find their way home. I am a Cincinnati and Northern Kentucky real estate agent and I wanted to do a series of videos where we will compare the cost of living in Cincinnati and Northern Kentucky to other major metropolitans nationwide. Enjoy!
Real Estate Moving Forward After COVID-19
A HUGE thing we are seeing coming out of COVID-19 is lot more people are working from home and teleworking. What we may see moving forward into our new normal as the lockdowns come to an end and things begin to open back up is people starting to move. Many people are realizing right now that you don’t necessarily need to live in these major metropolitan cities where expenses are really high. You can move to a city in the Midwest where the cost of living is lower and save thousands of dollars a year to do it.
Think about it… you can keep your same job, but now that you have lower living expenses, you’re sticking more money in your pocket. Another thing we might see coming out of COVID-19 lockdowns are a lot more people moving away from larger cities. Not only because of the cost of living, but also the health risks. A lot of people are realizing that living in a big city with a large population can be a serious health risk moving forward. That is exactly why moving to a city like Cincinnati might make a lot of sense for you and your family. If this is something that you are looking into, check out this video where I discuss why you may want to move to cincinnati and all of the great things that there are to do here.
Cost of Living – Cincinnati VS Atlanta
Let’s dive into the numbers and see what we’re looking at.
We are really digging into the specific numbers to compare the cost of living in Cincinnati and Atlanta using the Redi Cincinnati website. Using the “LIVING HERE” tab in the toolbar and then clicking the “Cost of Living” tab in the drop down, I scrolled to the bottom of the page where the “Cost of Living Index Calculator” is located.
Here, you can plug in where you are currently living or moving from and your annual base salary. This will calculate several different factors that go into your cost of living such as groceries, housing, and utilities. Using a base salary of 50k, this calculator indicates that groceries will cost 6.53% less, utilities will cost 3.56% less, and, are you ready for this.. housing will cost 23.96% less in Cincinnati than in Atlanta. That is HUGE, you could be saving thousands of dollars every single year on housing alone just to move to Cincinnati, OH.
You think that is impressive? How does getting a $4,000 raise TO DO THE EXACT SAME JOB sound? That’s right, using the 50k base salary, you would be bringing home $45,768 after taxes each year in Cincinnati, OH. Compared to your take home after tax in Atlanta, this is a little over $4000 more a year to do the exact same thing that you are doing now. Add all of the extra money you will be saving on other items, and you could be saving even more when you move to Cincinnati.
Let’s say you are making even more than the 50k base salary and instead you are making 100k. This number now doubles, you would be bringing roughly $9,000 more home after tax each year just to love to Cincinnati, OH. If you are in the market, keep an eye on Team Sztanyo’s featured listings so you don’t miss out. Homes are going FAST in Cincinnati.
Looking to Move to Cincinnati, OH?
Ready to pack up and head to the midwest? Let Team Sztanyo be your tour guide. We would love to show you all of the beautiful neighborhoods that the city has to offer. Whatever you are looking for, Team Sztanyo will help you find in a Cincinnati home. Give us a call today, (513) 813-6293.