Savannah Chamber

2020 Savannah Economic Trends

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6 Savannah Area Chamber of Commerce 2020 Economic Trends 4 Comparable Home Prices, Zillow.com Government City of Savannah Mayor, eight Aldermen, City Manager Chatham County Chairman, eight Commissioners, County Manager. Other Chatham County municipalities: Bloomingdale, Garden City, Pooler, Port Wentworth, Thunderbolt, Tybee Island, and Vernonburg Military 24,450 daily working population at Ft. Stewart & Hunter Army Airfield: 20,300 soldiers 4,150 civilian workers Total retired military personnel in Savannah and the surrounding area: 12,600 Taxation 2019 Property Tax on $250,000 home: Unincorporated Chatham County: $3,576 City of Savannah: $4,354 Sales Tax Chatham County: 7% tax on the purchase of all goods and some services and 3% tax on food items Other Counties: 7% tax on the purchase of all goods and some services and 3% tax on food items Room Tax 6% (plus 7% sales tax) Personal Income Tax Single: $230 on first $7,000 plus 5.75% of the balance Married: $340 on first $10,000 plus 5.75% of the balance Married filing separately: $170 on first $5,000 plus 5.75% of the balance Workforce—Savannah MSA 2012 155,400 2016 175,900 2013 160,100 2017 179,100 2014 165,400 2018 183,700 2015 171,700 2019 185,400 (through November) Non-Agricultural Employment U.S. Bureau of Labor Statistics Georgia is a "right to work" state. Air Transportation Savannah/Hilton Head International Airport has 50 daily nonstop flights. Airlines: Air Canada, Allegiant, American Airlines, Frontier, jetBlue, Delta Air Lines, Sun Country Airlines, United Express Foreign Trade Zone 104 is located at the airport. Ground and Water Transportation: • CSX & Norfolk Southern Railroad • Amtrak • Airport/Amtrak Shuttle Service • Greyhound • Taxis and pedi-cabs • Chatham Area Transit (local bus system) • Water Ferry Port of Savannah – Georgia Ports Authority • Ships to 160+ countries • Direct shipping to 800+ ports • 30+ freighter lines • 50+ freight forwarders & custom brokers Highways/Interstates U.S. 17, 17A, 80; GA 21, I-16, I-95, I-516 Driving distance to: Atlanta – 250 miles Charleston – 110 miles Jacksonville – 140 miles 15 miles to Tybee Island and the Atlantic Ocean Economic Development Agencies Savannah Area Chamber of Commerce, (912) 644-6400 www.savannahchamber.com Savannah Economic Development Authority, (912) 447-8450 www.seda.org City of Savannah Office of Business Opportunity, (912) 652-3582 http://www.savannahga.gov/483/Office-of-Business-Opportunity The Creative Coast, (912) 809-2935 www.thecreativecoast.org Median List Price, 4 Bedroom Home City, State Nov. 2019 Raleigh, NC $589,000 Atlanta, GA $565,000 Nashville, TN $449,000 Charlotte, NC $391,000 Louisville, KY $365,000 Gainesville, FL $350,000 Orlando, FL $350,000 Montgomery, AL $288,000 Savannah, GA $268,000

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