A
1%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
3%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index McDonough Georgia National
Cost of living9993100
Goods & Services10097100
Groceries10198100
Health care109100100
Housing10386100
Transportation9994100
Utilities8186100

An Overview of Cost of Living in McDonough, GA

Understanding the cost of living in McDonough can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The McDonough cost of living index is 99, which is 1% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in McDonough closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of McDonough can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Is McDonough Affordable?

Is McDonough affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take McDonough, for instance, where the median home price falls 6.2% lower than the national average, and monthly rent rates are 26.1% higher than usual. Additionally, median income levels contribute to the equation, with McDonough flaunting a median household income of $69,916, 26.4% higher than the national norm.

What Factors can Influence the Cost of Living in McDonough?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In McDonough, the healthcare costs are 9.2% higher than the national average.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In McDonough, the utilities index is 18.9% lower than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The McDonough cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in McDonough is 7% higher than the Georgia average
  • The cost of living in McDonough is 1% lower than the national average
  • McDonough housing is 3% higher than the national average
  • Georgia general sales tax is 22% lower than the national average
  • Georgia state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around McDonough

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Compare McDonough, GA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$79,833$6,653$1,863$2,395
      Renters$57,167$4,764$1,334$1,715
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in McDonough, GA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In McDonough, homeowners have a median income of $79,833. Using that number, a maximum of $1,863 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $57,167, which means there is a maximum of $1,334 to be spent on the costs of renting a home or apartment.

      Georgia Sales Tax

      State General Sales Tax With Max Surtax
      Georgia 4% 8%

      Georgia Income Tax

      State Income Tax (Low) Income Tax (High)
      Georgia 1% 5.57%

      Goods & Services

      Item McDonough National avg. Difference
      Haircut $27.25$24.2612.3%
      Beauty Salon $56.36$45.5623.7%
      Toothpaste $3.74$3.700.9%
      Shampoo $1.33$1.283.9%
      Movie $15.20$12.1325.3%
      Bowling $20.98$18.0016.5%

      Groceries

      Item McDonough National avg. Difference
      Ground Beef $5.25$5.8410.1%
      Fried Chicken $1.61$1.572.1%
      Milk $4.69$4.670.4%
      Potatoes $5.32$4.937.9%
      Pizza $11.36$12.096.0%
      Beer $10.39$10.410.2%

      Health Care

      Item McDonough National avg. Difference
      Optometrist $129.73$125.683.2%
      Doctor $128.57$135.785.3%
      Dentist $144.73$113.2927.8%
      Ibuprofen $10.74$10.650.8%
      Lipitor $495.22$468.605.7%

      Housing

      Item McDonough National avg. Difference
      Home Price $173,200.00$184,700.006.2%
      Avg. Mortgage Payment $2,292.55$2,346.692.3%
      Apartment Rent $1,197.00$949.0026.1%

      Transportation

      Item McDonough National avg. Difference
      Gasoline $3.20$3.467.5%
      Tire Balancing $69.77$59.9216.4%

      Utilities

      Item McDonough National avg. Difference
      All Electricity $134.81$193.9930.5%
      Phone $191.28$192.250.5%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      East Griffin, GA1,3538316.7%
      Experiment, GA2,9158416.2%
      Sunny Side, GA2138515.3%
      Forest Park, GA19,8848514.6%
      Jonesboro, GA5,4288613.9%
      McDonough, GA25,572990.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lochearn, MD25,6121088.1%
      Sebastian, FL25,6131022.1%
      Coral Terrace, FL25,52912727.2%
      Ruskin, FL25,640991.4%
      Lockport, IL25,49911111.2%
      McDonough, GA25,572990.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.