Retire in Augusta

Affordability

Find out how much it costs to live in Augusta.

Cost of Living

With low state sales taxes, no social security taxes, no pensions taxes for those over 62, and very low state income taxes, it's no surprise Georgia is rated by Kiplinger as "Most Tax Friendly" for retirees. Augusta also has an extremely low cost of living in comparison to the rest of the United States, making the city a great choice for those looking to retire on a budget.

Kiplinger Rating:

Most Tax Friendly

State Income Tax:

1-6%

Social Security Tax?

None

County + State Sales Tax

8%

Property Tax Rate *

1%

Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *

1270

* 2008-2010

Cost of Living Index (100=average):

86.9

Housing + transportation costs as % of income:

54%

Tax Details

State Sales Tax Breaks for Seniors:

None

Pensions Taxed?

None (Over 62 years old)

Tax burden: % income going to state and local taxes:

8.8%

Inheritance and estate taxes (per Kiplinger):

None

Taxing of other retirement income (per Kiplinger):

None (Over 62 years old)

Property Tax Break for Seniors (per Kiplinger):

For homeowners 62 and older who earn $10,000 or less, up to $10,000 of their property's assessed value is exempt from school taxes. People 62 or older whose family income does not exceed $30,000 may qualify for an exemption from state and county property taxes equal to the amount by which the assessed value of the home exceeds the assessed value for the preceding tax year. Individuals age 65 and older can claim an exemption from all state property taxes on their home and up to ten acres of land surrounding the home. For those 65 and older who earn $10,000 or less, $4,000 of their property's value is exempt from state and county taxes as well. Many counties offer homestead exemptions that are more beneficial to the taxpayer than the exemptions offered by the state. The homestead exemption is deducted from the assessed value (40% of the fair market value) of the home.

 

For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

Real Estate

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Real Estate overview not available for Augusta

To learn more about real estate in Augusta book a visit and we'll help you find the right place to live.

Work Potential

The unemployment rate in Augusta is below the national average, with the percentage of people 65+ employed slightly below the national average. Some of the top hiring industries in the area include administrative and waste management services, retail trade, and accommodation and food services. Although the positions are competitive, residents of Augusta can also try to score a coveted volunteer spot during the annual Masters golf tournament.

  • Area
  • National Average

5 Largest Companies

  • Medical College of Georgia
  • Richmond County School System
  • University Hospital
  • Columbia County School System
  • Augusta Richmond County

GDP Growth Last 3 Years

3.5%

Income Growth Last 3 Years

-0.2%

Employment Growth Last 3 Years

3.1%

Top Industries Hiring

  • Administrative and waste management services
  • Retail trade
  • Accommodation and food services
  • State government
  • Other services, except public administration

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

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