Tuesday, September 5, 2017

North Georgia Prosperity

A major quality of life factor in any community is the relative abundance of resources, including capital resources – also known as money. North Georgia is home to a growing number of affluent cities, towns & counties.

Nine of the 10 Wealthiest Cities in Georgia are in North Georgia, the exception being Skidaway Island near Savannah. A noticeable pattern is that wealth tends to run from Atlanta north up the Georgia 400 corridor.

As we have discussed, affluent residents are attracted to quality schools, healthcare & recreation opportunities. North Georgia communities offer an abundance of each.



Forbes points out that north metro Atlanta’s economic growth has been steady & sustained, implying stability which may be absent in markets that experience meteoric rise – and potential collapse.

As we will discuss in the future, Forsyth County is the wealthiest in the state. Note: This is a ranking of counties in alphabetical state order. Thus, number 10 does not suggest Forsyth to be the 10th wealthiest county in the nation. Lists can be so confusing!

Here we have a list of 10 Wealthiest Neighborhoods in Georgia. We’re not sure of the metrics used. Number 9 Woolsey has a population of 158, but it is ranked among Dunwoody, Milton, Roswell & Vinings. Further, we have trekked every corner of number 2 Johns Creek and never come across that large body of water in the associated photo. There is one pretty similar 20 miles to the north. Go figure.

One piece of indisputable data places Atlanta’s 30327 as the Wealthiest Zip Code in North Georgia, second in the state only to coastal Sea Island. Let’s have a closer look:



Roughly bounded by I-285, the Chattahoochee River, Northside Drive & Cross Creek, zip 30327 includes Chastain Park, part of Sandy Springs & much of Buckhead.

The population of approx 24,000 has an average household income of $195,000, median income of $126,000 & per capita income of $80,000. 64% of housing units are owner occupied, 25% rental & 11% vacant.

Public schools in zip 30327 include North Atlanta High, Sutton Middle and Brandon & Jackson Elementary. The community is also home to several private schools: Atlanta Girls School, Lovett, Westminster & Pace Academy.

Whether in metro Atlanta or upward, North Georgia is indeed a prosperous place to be.

Sources:

onlyinyourstate.com
Forbes
247wallst.com
The Financial Word
Atlanta Business Chronicle
georgia.hometownlocator.com


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