Living in Bonanza, Georgia
Cost of living, income, home prices, rent and demographics of Bonanza · Census data 2020–2024
Bonanza has 3,279 residents with a median age of 43.1. The median household income is $60,260 (22% lower than the Georgia median), the median home value is $204,200, the median rent is $1,559/month.
Bonanza at a glance
- Population
- 3,279
- Median age
- 43.1State: 37.6
- Median household income
- $60,260State: $77,353
- Median home value
- $204,200State: $303,300
- Median rent
- $1,559/moState: $1,393
- Homeowners
- 53.6%
- Bachelor's degree or higher
- 24.5%
- Average commute
- 30 min
Is Bonanza a good place to live?
Pros: Home values 33% lower than the state median; a poverty rate of 11.7%.
Cons: Median household income 22% lower than the Georgia median; an average commute of 30 minutes; unemployment of 11.2%.
The weather is best in April–May and September–October.
Cost of living in Bonanza
Housing is the biggest part of the cost of living. In Bonanza the median home value is $204,200, 39% lower than the U.S. median. Renters pay a median of $1,559 per month, which is 41.8% of household income. Homeowners with a mortgage pay $1,231 a month in housing costs.
Bonanza median household income
The median household income in Bonanza is $60,260 and the income per person is $36,023. 11.7% of residents live below the poverty line (Georgia: 13.4%).
Housing in Bonanza: homes for sale and rent
- Housing units
- 1,639
- Owner-occupied
- 53.6%
- Renter-occupied
- 46.4%
- Vacant
- 8.9%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.20
Bonanza demographics
- Population
- 3,279
- Median age
- 43.1
- Under 18
- 16.4%
- 65 and older
- 12.9%
- Households
- 1,493
- Foreign-born
- 10.6%
- Veterans
- 7.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Bonanza ›
Education in Bonanza
24.5% of adults 25 and older in Bonanza have a bachelor's degree or higher (Georgia: 34.9%), and 9.3% have a graduate or professional degree.
Jobs and commute in Bonanza
- Unemployment rate
- 11.2%State: 5.1%
- Average commute
- 30 minState: 28 min
- Work from home
- 19.5%
- Drive alone
- 69.4%
- Public transit
- 1.4%
- Walk to work
- 2%
- Homes with broadband
- 92.2%
Bonanza vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bonanza | 3,279 | $60,260 | $204,200 | $1,559 |
| Lovejoy | 11,508 | $71,612 | $265,100 | $1,481 |
| Irondale | 9,185 | $55,030 | $204,500 | $1,741 |
| Jonesboro | 6,143 | $50,843 | $188,300 | $1,068 |
| Hampton | 8,687 | $75,052 | $283,700 | $1,712 |
| Woolsey | 235 | $121,250 | $546,100 | — |
| Stockbridge | 35,737 | $70,136 | $276,700 | $1,494 |
| Fayetteville | 19,719 | $82,188 | $368,200 | $1,720 |
| Morrow | 6,364 | $73,693 | $224,700 | $1,515 |
More for people moving to Bonanza
Bonanza ZIP code ›Weather and climate ›Living in Bonanza: FAQ
What is the median household income in Bonanza, GA?
The median household income in Bonanza is $60,260, 22% lower than the Georgia median of $77,353 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bonanza?
The median home value in Bonanza is $204,200, compared with $303,300 in Georgia.
How much is rent in Bonanza?
The median gross rent in Bonanza is $1,559 per month, about 41.8% of household income.
Is Bonanza, GA a good place to live?
Pluses: home values 33% lower than the state median; a poverty rate of 11.7%. Minuses: median household income 22% lower than the Georgia median; an average commute of 30 minutes; unemployment of 11.2%.
What is the median age in Bonanza?
The median age in Bonanza is 43.1 years (Georgia: 37.6).
How long is the commute in Bonanza?
The average commute to work in Bonanza is 30 minutes; 19.5% of workers work from home.
What is the unemployment rate in Bonanza?
The unemployment rate in Bonanza is 11.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bonanza?
24.5% of adults in Bonanza have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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