Introduction
Holly Springs, GA, is a thriving community known for its family-friendly environment, excellent schools, and vibrant economy. If you’re considering a move to Holly Springs, understanding the cost of living is crucial. This comprehensive guide will provide an in-depth look at the various expenses associated with living in Holly Springs, GA, in 2024.
Housing Costs
Median Home Prices
As of 2024, the median home price in Holly Springs is approximately $400,000. The housing market has seen steady growth, making it a competitive area for homebuyers.
Factors Influencing Home Prices
- Location and neighborhood
- Proximity to amenities and schools
- Property size and features
Renting in Holly Springs
For those not ready to buy, renting is a viable option. The average rent for a one-bedroom apartment is around $1,200 per month, while a three-bedroom house can rent for approximately $2,000 per month.
Popular Rental Areas
- Downtown Holly Springs
- Harmony on the Lakes
- Riverside
Utility Costs
Electricity and Gas
The average monthly utility bill, including electricity and gas, ranges from $150 to $200, depending on the size of the home and usage patterns.
Water and Sewer
Water and sewer services in Holly Springs typically cost around $50 to $70 per month.
Internet and Cable
High-speed internet and cable packages average around $100 per month, though this can vary based on the provider and the specific services chosen.
Transportation Costs
Commuting Expenses
Many residents of Holly Springs commute to nearby cities for work. The cost of commuting, including fuel and maintenance, can add up. On average, residents spend about $200 to $300 per month on transportation.
Public Transportation
Public transportation options are limited, so most residents rely on personal vehicles. Ride-sharing services and carpooling are alternative options for reducing transportation costs.
Car Insurance
The average cost of car insurance in Holly Springs is approximately $1,200 per year, but this can vary based on the driver’s age, driving history, and the type of vehicle.
Food and Grocery Costs
Grocery Stores
Holly Springs has several grocery stores, including national chains and local markets. The average monthly grocery bill for a family of four is around $600 to $800.
Dining Out
Dining out in Holly Springs offers a range of options, from casual eateries to fine dining. The average cost of a meal at a mid-range restaurant is about $15 to $25 per person.
Popular Dining Spots
- Sidelines Grille
- The Holly Theatre Cafe
- Reformation Brewery
Healthcare Costs
Health Insurance
Health insurance premiums can vary widely. On average, a family of four can expect to pay between $500 and $1,000 per month for health insurance, depending on the plan and coverage.
Medical Services
Holly Springs has access to quality healthcare facilities. Typical out-of-pocket expenses for doctor visits, prescriptions, and other medical services should be considered when budgeting.
Education Costs
Public Schools
Public schools in Holly Springs are highly rated and funded through local taxes. While there are no direct tuition costs, parents may need to budget for school supplies, extracurricular activities, and other expenses.
Private Schools and Higher Education
For families considering private education, tuition can range from $5,000 to $20,000 per year. Holly Springs is also within commuting distance of several higher education institutions, which can impact overall education costs.
Entertainment and Leisure
Recreational Activities
Holly Springs offers a variety of recreational activities, from parks and trails to community events. Annual memberships to local fitness centers or clubs can cost between $300 and $600.
Local Attractions
- J.B. Owens Park
- Blankets Creek Mountain Bike Trails
- Hickory Trails Park
Shopping and Personal Expenses
Residents enjoy access to several shopping centers and boutiques. Monthly personal expenses, including clothing and personal care, can range from $100 to $300, depending on individual preferences.
Taxes
Property Taxes
Property taxes in Holly Springs are relatively low compared to national averages. Homeowners can expect to pay about 1% of their home’s assessed value annually.
Sales Tax
The sales tax rate in Holly Springs is 6%, which applies to most goods and services.
Conclusion
Understanding the cost of living in Holly Springs, GA, in 2024 is essential for anyone considering a move to this charming city. While housing and transportation are significant expenses, the city’s low crime rate, excellent schools, and strong sense of community make it an attractive place to live. By carefully budgeting for these various costs, you can enjoy all that Holly Springs has to offer.
Frequently Asked Questions
Is Holly Springs an affordable place to live?
Overall, Holly Springs offers a balanced cost of living with affordable housing options and reasonable utility costs, making it an attractive option for families and individuals.
What are the biggest expenses when living in Holly Springs?
Housing and transportation are typically the largest expenses for residents. However, the overall cost of living remains competitive compared to larger metropolitan areas.
How can I save money living in Holly Springs?
Consider exploring different neighborhoods, utilizing local amenities, and taking advantage of community events to maximize your budget and enjoy a high quality of life in Holly Springs.
