Bonanza, GA
Population 3,567 · Georgia
About Bonanza, GA
Bonanza is a small town located in Georgia with a population of 3,567 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,308 per year, which is 16% below the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bonanza features a median home value of $179,800, which is 27% below the national median of $244,900. This positions Bonanza in a moderately priced market relative to the rest of the country. Median monthly rent is $1,521, 31% above the national average of $1,163/month. Of the 1,590 total housing units, 55% are owner-occupied (808 units) and 45% are renter-occupied (655 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Bonanza shows an unemployment rate of 16.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bonanza have an average one-way commute time of 27.4 minutes.
Education & Demographics
21.7% of Bonanza residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 9.1% White, 2.0% Hispanic or Latino, 0.7% Black or African American, and 0.6% Asian residents, with 7.5% of the population being foreign-born.
Cost of Living in Bonanza, GA
Compared to national averages, Bonanza has a median household income of $63,308 (16% below the national median of $75,149). Home values average $179,800, which is 27% below the national median. Monthly rent at $1,521 is 31% above the US average of $1,163. Within Georgia, Bonanza's income is 4% above the state average of $60,815, and home values are 8% below the state median of $194,684.
Why Live in Bonanza, GA?
Bonanza offers affordable housing with a median home value of $179,800, below the US average of $244,900, and a low poverty rate of 9.4%, better than the national average.
Potential considerations include median household income ($63,308) that falls below the national average. However, Bonanza’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bonanza has a population of 3,567 with a median age of 38.5 years. Compare Bonanza with other cities to see how it stacks up, or explore all cities in Georgia.
Similar Cities Near Bonanza
Cities in Georgia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Blackshear | 3,562 | $34,267 | $129,900 | Compare |
| Manchester | 3,587 | $52,136 | $123,700 | Compare |
| Chattahoochee Hills | 3,537 | $76,552 | $338,800 | Compare |
| Greensboro | 3,603 | $42,508 | $159,800 | Compare |
| Cleveland | 3,529 | $61,023 | $323,000 | Compare |
| Avondale Estates | 3,525 | $118,929 | $522,500 | Compare |
| Leesburg | 3,509 | $71,071 | $171,300 | Compare |
| West Point | 3,501 | $53,375 | $155,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Georgia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bonanza With Other Cities
Frequently Asked Questions about Bonanza
What is the population of Bonanza, GA?
The population of Bonanza, GA is 3,567 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Georgia.
What is the median household income in Bonanza?
The median household income in Bonanza, GA is $63,308 per year, which is 16% below the national median of $75,149.
What is the median home value in Bonanza?
The median home value in Bonanza, GA is $179,800, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bonanza?
The median monthly rent in Bonanza, GA is $1,521, which is 31% above the national average of $1,163/month.
What is the unemployment rate in Bonanza?
The unemployment rate in Bonanza, GA is 16.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bonanza, GA a good place to live?
Bonanza offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,567 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Bonanza, GA?
21.7% of residents in Bonanza aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bonanza?
Key cost-of-living indicators for Bonanza, GA: median home value is $179,800 (27% below national), median rent is $1,521/month, and median household income is $63,308. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bonanza?
The poverty rate in Bonanza, GA is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bonanza, GA?
Bonanza's population is 9.1% White, 2.0% Hispanic or Latino, 0.7% Black or African American, 0.6% Asian, and 71.3% two or more races. 7.5% of residents are foreign-born.