Atlanta’s per capita income increased 8% between 2000 and 2006, but growth lags behind the nation’s 15 fastest growing cities. At least it costs less to live here. (see previous story on Atlanta Real Estate Forum.)
That Atlanta Regional Commission recently released a Regional Snapshot on Income and Cost of Living in Metro Atlanta. While cost of living is in the lower group, so is growth in per capita income. Of the 15 cities, only Austin experienced slower growth in per capita income.
Is that a problem? The ARC analysis points out that Atlanta incomes probably haven’t risen as quickly because prices remain lower. Or maybe prices remain lower because incomes haven’t risen? Either way, it’s a great place to live.