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SavannahNOW.com

Economy

  • Information courtesy of the Savannah Chamber website.

    Tourism
    7,775 Rooms in 102 properties, 105 Restaurants
    Annual Visitors: 2.62 million
    Nation's largest urban historic district

    Manufacturing
    269 manufacturing plants providing 18,200 jobs

    Top 5 Manufacturing Employers

    1. Gulfstream Aerospace Corp.4,800
    2. Union Camp2,500
    3. Fort James Corp.1,300
    4. Great Dane Trailers800
    5. Kemira Pigments, Inc.670

    Retail Sales, Savannah Area
    1998$2,937,756
    1995$2,583,183
    1996$2,678,858
    1997$2,784,934
    41 Large Shopping Centers, 2 Malls

    Utilities
    Savannah Electric, Atlanta Gas Light, Scana Energy, City of Savannah for Water, Sewer and Refuse, BellSouth Telephone Co.


    Population (Savannah MSA)
    (Bryan, Chatham & Effingham Counties)

    1990257,899
    1998285,508
    Chatham County is ranked 5th largest county in Georgia
    1998106,300 households in MSA
    1998Median household income: $29,592
    (after taxes)

    Quality of Life

    Climate
    Semi-tropical location - Avg. Seasonal Temp.
    Spring 66Summer 81
    Autumn 68Winter 51
    Precipitation: 49" rain per year

    Recreation
    Tybee Island Beaches & Pavilion
    Boating, Marinas, Boat Ramps
    Fishing & Hunting
    Camping, Wildlife Parks
    Nightlife, Live Music
    Major Civic Center, Entertainment
    Public & Private Available: Golf Courses, Swimming Pools, Tennis Courts

    Banks (Savannah MSA)
    14 Banks
    33+ Branch Locations

    Culture
    Art Galleries
    Telfair Museum of Art
    Ballet Company
    City Market Art Center
    Ga. Historical Society
    Historic Forts
    Historic Savannah Foundation
    Jazz Society
    Museums (16)
    Theater Companies
    Savannah Symphony Orchestra

    Schools & Churches
    Public Schools: 29 elementary; 8 middle schools; 7 high schools
    Private: 27
    3 Universities; 2 Colleges
    1 Vocational Technical School
    250+ Churches

    Hospitals & Doctors
    3 major Hospitals, 1,170 beds, 500+ doctors
    Over 20 Assisted Living & Nursing Facilities


    Cost of Housing
    Comparable Home Prices
    Furnished by Coldwell Banker

    STATE CITY FALL 1998 FALL 1997 FALL 1998
    NY Westchester Co. $352,975 313,933 395,375
    IL Chicago $409,000 473,265 450,000
    NJ Bergen Co $375,425 388,940 375,425
    CT Stamford $430,500 358,679 342,578
    FL Miami $180,330 178,474 174,666
    NC Charlotte $190,850 168,394 160,375
    GA Atlanta $200,375 190,252 171,475
    GA Savannah $163,300 169,943 161,850
    FL Jacksonville $147,075 154,455 151,160
    SC Columbia $143,925 145,355 138,433
    SC Charleston $152,250 137,272 195,616


    Media

    Print
    Savannah Morning NewsDaily
    Business Report & JournalBi-weekly
    Bryan County TimesWeekly
    Cash MagazineQuarterly
    Coastal SeniorMonthly
    Connect SavannahWeekly
    Creative LoafingWeekly
    Effingham HeraldWeekly
    Freedoms JournalBi-monthly
    Georgia GuardianWeekly
    The HeraldWeekly
    Richmond Hill/Bryan County TimesWeekly
    Savannah MagazineBi-monthly
    Savannah PennySaverWeekly
    Savannah TribuneWeekly
    Statesboro HeraldDaily
    The Island PacketDaily

    Television Stations: ABC, CBS, NBC, PBS, Fox, Cable
    Radio Stations: 12 FM Stations, 6 AM Stations


    Government/Taxes

    Government:
    City of Savannah
    Mayor; Alderman (8); City Manager
    Chatham County
    Chairman; Commissioners (8); County Manager
    There are 7 other small municipalities in Chatham County: Bloomingdale, Garden City, Pooler, Port Wentworth, Thunderbolt, Tybee Island & Vernonburg

    Military
    The U.S. Army had 4,054 soldiers in 1998 at Hunter Army Airfield, Savannah. There were 15,328 soldiers stationed at Fort Stewart, Hinesville.

    Taxation, 1999
    Property Tax
    Unincorporated Area: Tax on a $130,000 home is $1,429
    City of Savannah: Tax on a $130,000 home is $1,939

    Sales Tax/Room Tax
    Sales tax is 6% (4% state, 2% local option) on the purchase on all goods and some services.
    Room tax is 6%.
    Personal Income Tax
    Maximum is 6% of net taxable income, from Federal tax return.

    Labor - Savannah MSA
    Employment Gains:
    Total Employment in 1990 was 117,700
    In 1998 the total employment was 133,300 for a six-year gain of 17,700 jobs.
    Georgia is a "right to work" state.

    Transportation
    Savannah International Airport has 56 flights daily on AirTran, Continental Express, Corporate Express, Delta, United Express, and US Airways. Foreign Trade Zone #104 is located at the airport.
    • CSX & Norfolk Southern Railroads
    • Amtrak
    • Greyhound
    • Airport/Amtrak Shuttle Service
    • Taxis
    • Local Bus Systems - Chatham Area Transit
    Port
    Georgia Ports Authority
    Ships to over 100 countries; created 7,000 jobs
    • 1998 approximately 1,546 ships per year
    • 50 Steamship lines to 161 countries
    • 100 Motor Carriers
    • 29 Freight Forwarders & 22 Custom Brokers
    Highways
    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
    It is only 15 miles to Tybee Island, Ga & Atlantic Ocean

    For more information contact the Chamber of Commerce for a copy of "Economic Trends" ($25 for non-members and $10 for members, prepaid). In addition to more complete data on topics in this brochure, subjects covered are:
    1. Demographics on 6 area counties, including 1980-1998 population, households, age & income brackets.
    2. MPC data sources for zoning, traffic counts
    3. Tourism-economic impact
    4. Savannah Area Economic Indicators from 1990-1998
    Economic Development Agencies

    Savannah Area Chamber of Commerce
    912-644-6400

    Savannah Economic Development Authority
    912-447-8450






    All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, familial status, national origin, or intention to make any such preference, limitation or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    Site Maintained and Designed by SavannahNOW © 2005 SavannahNowHomeFinder.com
    © 2005 Savannah Morning News. All rights reserved.



  • Total Loan Amount
    ex: 150000
    APR
    ex: 7.25
    Years
    ex: 30
    Call: 866-377-6250
    To purchase or refinance a home