Savannah Chamber

Economic Trends Brochure 2024

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6 4 Savannah Area Chamber of Commerce 2024 Economic Trends 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 & Federal Employment in Savannah and Hinesville MSAs Military Personnel: 22,611 Federal Civilian Workers: 6,579 Retired military personnel in Savannah and 15 county surrounding area: approximately 11,500 Taxation 2023 Property Tax on $320,000 home with $10,000 valuation freeze exemption: Unincorporated Chatham County: $3,977 City of Savannah: $5,140 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 Chatham County: 8% (plus 7% sales tax) Tybee Island: 7% (plus 7% sales tax) Personal Income Tax Single: $230 on first $7,000 plus 5.75% of amount over $7,000 Married: $340 on first $10,000 plus 5.75% of amount over $10,000 Married filing separately: $170 on first $5,000 plus 5.75% of amount over $5,000 Workforce—Savannah MSA Year Employed Year Employed 2023 202,600 2018 185,800 2022 199,400 2017 180,800 2021 190,900 2016 177,600 2020 180,400 2015 173,000 2019 189,900 2014 166,500 Non-Agricultural Employment U.S. Bureau of Labor Statistics 2023 figure through October. Georgia is a "right to work" state. Air Transportation Savannah/Hilton Head International Airport has numerous daily nonstop flights. Airlines: Allegiant, American Airlines, Avelo Airlines, Breeze, Delta Air Lines, Frontier, JetBlue, Silver Airways, Southwest, 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 Single Family Home (Home Value Index) City, State Nov. 2023 Raleigh, NC $439,432 Nashville, TN $439,266 Atlanta, GA $418,891 Orlando, FL $402,296 Charlotte, NC $394,518 Gainesville, FL $310,730 Savannah, GA $298,699

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