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Augusta ranks second among 'affordable' metros

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A national apartment guide said Augusta-Richmond County is the second-most affordable place to live in the nation.

Apartment Guide compiled a “Top 10 Most Budget-Friendly Metros” list by looking at metropolitan areas with the lowest average rent prices in its inventory and the lowest cost of living. Augusta was topped only by Tulsa, Okla., on the list and was followed by Memphis, Tenn., Columbus, Ohio, and Birmingham, Ala.

“Any time you receive a national recognition like this, to be ranked No. 2 is a good thing for the city,” Augusta Mayor Deke Copenhaver said. “I think it speaks to why so many businesses and new residents are locating to the area, part of which is our affordability. We’ve got a very affordable lifestyle along with a great quality of life, so those things help us recruit new businesses on a regular basis.”

Charon Lamar, the president of the Apartment Association of Greater Augusta, said Augusta has a plethora of both high-end and affordable, tax-credit housing communities.

“There’s a market for everybody here, and it’s just depending on their lifestyle and how they want to live it,” said Lamar, describing Augusta as constantly growing and a great place to live.

The designation, however, also reflected economic hardships faced by some metro residents, said Lamar, who is a property manager for Olde Town Apartments, where rent is $400 for a one-bedroom, one-bathroom unit.

“Unfortunately, the wages aren’t that high,” she said. “The median income is not that great, and that’s going to keep it affordable as well.”

For the study, Apartment Guide determined which cities had the lowest cost of living based on The Council For Community and Economic Research’s third quarter 2013 Cost of Living Index. The report was done for residents planning to move in 2014, according to company representatives.

Apartment Guide is a division of RentPath Inc. and is headquartered in Norcross, Ga.

‘APARTMENT GUIDE’S’ 10 MOST AFFORDABLE CITIES

1) Tulsa, Okla.

2) Augusta

3) Memphis, Tenn.

4) Columbus, Ohio

5) Birmingham, Ala.

6) Dayton, Ohio

7) Indianapolis

8) Louisville, Ky.

9) Oklahoma City

10) Cincinnati

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nocnoc
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nocnoc 01/08/14 - 07:46 pm
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This good news

for those renting Apartments via Apartment Guide in the Augusta Area.

Because if I understand the website Disclaimer regarding the Methodology used for selection. They only scanned their listings and applied the COLI (94.1) and used the Grocery Index (104.#) for Augusta to arrived at Augusta being #2.

But still being rated #2 by Apartment Guide which is in 100's of apartment markets is a feather in Augusta's cap.

NOTE:
Lucky for us, Apartment Guide took a second to look at their internal listing data and the Cost of Living Index by The Council for Community and Economic Research to determine the metros with the lowest rent AND lowest cost of living.

To see COLI data for more than just Apartment related living
see uRL:
http://www.infoplease.com/business/economy/cost-living-index-us-cities.html

itsanotherday1
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itsanotherday1 01/08/14 - 08:44 pm
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This was the first thing I thought about

when I realized it was about apartment rent.

"The designation, however, also reflected economic hardships faced by some metro residents, said Lamar, who is a property manager for Olde Town Apartments, where rent is $400 for a one-bedroom, one-bathroom unit.
“Unfortunately, the wages aren’t that high,” she said. “The median income is not that great, and that’s going to keep it affordable as well.”

A number of the other cities listed have a similar demographic.

dichotomy
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dichotomy 01/09/14 - 12:21 am
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"Augusta-Richmond County is

"Augusta-Richmond County is the second-most affordable place to live in the nation'

As the song says....."There's a reason'

Riverman1
86790
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Riverman1 01/09/14 - 08:55 am
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Apartments

If you are well off enough that you don't have to live in an apartment, then you do very well in this low cost of living area with so many apartment dwellers.

GuyGene
1321
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GuyGene 01/09/14 - 09:16 am
1
1
Speaking of apartments...

What are they building at Grovetown exit I-20? Across from the Walmart? I heard they going to build some kind of outlet mall there...

David Parker
7923
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David Parker 01/09/14 - 10:23 am
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More or less....

Top ten metros with limited economies and a surplus of apartments to rent.

Riverman1
86790
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Riverman1 01/09/14 - 10:32 am
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GuyGene, there are a few

GuyGene, there are a few things going in there, but, yep, there are apartments, too. No outlet mall.

Clemsondoc
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Clemsondoc 01/09/14 - 08:22 pm
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None of these places seem like places I would want to move to

unless I had a good job sending me there.

lifelongresident
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lifelongresident 01/15/14 - 12:01 pm
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apartment rents
Unpublished

the rents are so low, especially in olde town because who wants to live next to project housing on east boundry where all of the welfare moochers, leeches, and parasites live???? rents will always be lower next to high crime/welfare areas that's what they are not saying they should include nest to the rental areas the crime rates to show the inverse relationship between crime and rents charged. but i guess the city leaders and liberals will try to say there is no direct relationship between welfare/welfare dependency-single parent households and crime rates

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