No one can claim that every resident of Atlanta is dripping in riches. According to the latest data, one out of every 4.5 residents of the city lives in poverty. But Atlanta is a city of extremes. For every household struggling to make ends meet, there's another enjoying the champagne and caviar lifestyle. If you're curious about what kind of places the top earners call home, find out now as we explore the ten richest neighborhoods in Atlanta.
With a median home value of $317,147, Midtown is few people's ideas of affordable. In fairness, it doesn't really need to be. Most residents are earning the lofty household income of $84,987, meaning there's no shortage of disposable income floating around. Which is probably just as well - as one of the city's biggest urban districts, there's no shortage of shops, top-rated restaurants, theaters, and attractions to splash the cash at.
9. Haynes Manor
Calm, sedate, and undeniably affluent, upscale Haynes Manor ranks as one of the most exclusive neighborhoods in Atlanta. Established in the early 1900s, the neighborhood boasts a rich, illustrious history that's helped shape it into the place it is today. Known for its combination of large, European-style mansions and its appealing, mid-century properties, Haynes Manor is one of the most high-end property markets in the city, with most homes averaging between $1 and $4 million. As you'd expect, most residents are earning the kind of income that would leave even the best of us green with envy.
8. Candler Park
If you like the idea of making Candler Park your next home, prepare to splash out in a major way. With most homes retailing for an average of $433,750, this isn't the kind of place you'll be able to get by on a shoestring budget. Fortunately, most of Candler Park's population don't have to worry too much about the bills thanks to a median income that comes in at just a whisper under $90,000 per year. According to Area Vibes, the total cost of living in this affluent little neighborhood is a significant 23% higher than the Atlanta average.
Virginia–Highland (or "VaHi," as it's often called), is a wealthy neighborhood with a history that dates back to the early 20th century. Originally developed as a streetcar suburb, today it's one of the trendiest neighborhoods in the city, with a rich variety of historic homes, a diverse range of shops, bars, and restaurants, and a packed line up of events that include festivities such as the Summerfest festival and annual Tour of Homes. Understandably, it tends to feature highly on every 'Best Of' list featuring Atlanta's neighborhoods, with Creative Loafing naming it the "Best Overall Neighborhood" and Southern Living selecting it to their 2020 “The South’s Best Neighborhoods” list. Thanks to its status as one of Atlanta's most desirable places to live, property is in high demand, with most homes averaging around $486,675. At a little over $100,000, the median income is as noteworthy as the home values.
Set on the northwest edge of Atlanta, Oakdale is a mid-sized neighborhood of 10,957 residents. Spread over 60+ acres, the neighborhood boasts excellent walkability, great dining and shopping opportunities, a tiny unemployment rate, and a wealth of job opportunities. Property is on the expensive side (don't expect to get much change from $490 thousand for a single-family home, which is around 116% higher than the average for Atlanta), and the cost of living is around 18% higher than the US average. The median income is equally high, with most households bringing home around $106,373 per annum.
5. Morningside/Lenox Park
Morningside/Lenox Park is a small neighborhood in Atlanta consisting of around 3500 households. Founded in 1923, the neighborhood has long been considered one of the city's most desirable and exclusive areas, thanks in no small part to its gorgeous, historical homes, its safe, walkable streets, short commute times, luxurious amenities, and boundless opportunities for outdoor recreation. As you'd expect of a place where most households are pulling in a yearly income of $110,670, property comes at a premium - if you want a single-family home, expect to part with around $463,688.
4. Tuxedo Park
According to insideluxuryrealestate.com, Tuxedo Park has some of the most luxurious real estate in Atlanta, with home prices regularly exceeding the $12 million mark. Over the years, this exclusive little neighborhood has attracted some big names, including the former chairman of Coca-Cola, Robert Woodruff, and the legendary golfer, Bobby Jones. It's also home to the Governor’s mansion. As you'd expect, most of Tuxedo Park's residents are earning more in a week than most of us earn in a year.
As Home Snacks rightly says, every city has its best neighborhoods, where everyone wants to live, its worst neighborhoods, where no one wants to live, and its wealthiest neighborhoods, where no one can afford to live. Buckhead is a prime example of the last kind - although considering its median income is $113,902, it wouldn't be quite true to say that no one can afford to live there. If you want to join the ranks of these lucky enough to call this exclusive little neighborhood home, expect to part with around $491,544 for a single-family home.
2. Ansley Park
Ansley Park isn't the kind of place where your dollar will stretch far. According to Niche, most single-family homes retail for the staggering sum of $915,515. Fortunately, the neighborhood offers plenty of bang for your buck, including a safe, close-knit community, a great selection of eateries, parks, and amenities, and a median wage that, at $118,859, is more than twice the national average.
1. Peachtree Park
$479,293 may sound a fortune to pay for a home, but to the residents of Peachtree Park, it's small fry. This exclusive neighborhood has one of the highest median incomes in Georgia, with most households drawing a monster $141,962 per year. If you choose to make it your next home, you can expect safe, tree-lined streets studded with impressive, historic homes, lots of lovely greens spaces, a great collection of amenities, and, of course, some very wealthy neighbors.
Written by Dana Hanson
Read more posts by Dana Hanson