In Atlanta, the median household income is $46,439, slightly less than the median income for the U.S. as a whole, which is $53,482 per year. The per capita income is $35,719. About 5.7 percent of the Atlanta metro area earns more than $200,000 per year while 11.2 percent earns less than $20,000 annually. In Atlanta alone, about 8.3 percent of the population brings in more than $200,000 and around 20 percent bring in less than $20,000.

The area is the fifth most populated in the U.S., with around 5.8 million residents. Atlanta is also growing, with its job growth over the next decade expected to be around 38.5 percent, just slightly higher than the job growth for the entire U.S. as a whole. Production in the area is growing, too. Between 2015 and 2016, Atlanta's GDP increased by nearly four percent, from $308.7 billion to $320 billion. Only San Francisco saw more growth than Atlanta over that same period.

The cost of living in Atlanta is two percent higher than the national average, which is an important consideration when you're deciding how much you'll need to have saved for each year of retirement. It's also important to know the tax rate, which is currently six percent, as you are likely to be liable for paying income taxes on any sources of retirement income. Another factor that can affect your cost of living in retirement is sales tax, which is currently eight percent in the Atlanta metro area.

Dallas-Area Growth: The Dallas-Fort Worth region is one of the largest metropolitan centers not only in the state but the entire country. In 2017 alone, of 146,000 new residents was the highest of any metro area in the nation. Population-wise, it now sits behind only New York City, Los Angeles, and This residency boom influences both Dallas' employment statistics and GDP outputs. It's ranked within the top 10 cities in the United States for financial stability ¹ , employment prospects and business opportunities. Annual employment growth rests at 3 percent, nearly double the nation's average of 1.7. The Dallas-Fort Worth-Arlington region's GDP output is also expected to rise as the state continues its tech boom and solidifies its place as the country's top exporter of technology ¹ .

The fee-only fiduciary advisors who work at Heritage Financial Planning are solely committed to meeting the needs of their clients. Whether you are looking for a financial planner in Atlanta who can offer you retirement advice, general financial planning assistance or help with another area of your finances, contact us today to learn more about how our team of financial planners can work with you and give you peace of mind when it comes to your financial situation.