McDonough cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMcDonoughGeorgiaNational
Cost of living index9794100
IndexMcDonoughGeorgiaNational
Goods & Services index10296100
Groceries index107100100
Health care index10394100
Housing index8387100
Transportation index10996100
Utilities index9197100
A general summary of the cost of living index in McDonough, GA is shown above. Compared to the state average of Georgia the cost of living index in McDonough, GA is 97, which is 3% higher than the average in Georgia and compared to the national average it is 3% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In McDonough, GA goods and services come in at 6% higher than the average in Georgia and are 2% higher than compared to the nationwide average.

Did you know?

  • The cost of living in McDonough is 3% higher than the Georgia average.
  • The cost of living in McDonough is 3% lower than the national average.
  • The cost of housing in McDonough is 17% lower than the national average.
  • Georgia general sales tax is 21% lower than the national average.
  • Georgia state income tax is 55% lower than the national average.

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Compare McDonough, GA Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in McDonough, GA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than McDonough, GA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The McDonough, GA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$52,429$4,369$1,223$1,573
Renters$38,558$3,213$900$1,157
How much of your monthly income goes to housing can tell you whether or not you can afford housing in McDonough, GA, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In McDonough, GA homeowners have a median income of $52,429. Using that number, you will come up with a maximum of $1,223 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $38,558, which means there is a maximum of $900 to be spent on the costs of renting a home or apartment.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax
Georgia4%8%

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
Georgia1%6%
When assessing the complete cost of living in McDonough, GA, the Georgia income tax and the Georgia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Georgia maximum surtax is 8%, and the Georgia sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 6% in Georgia.

Goods & Services

ItemMcDonoughNational avg.Difference
Haircut $17.70$14.5921.3%
Beauty Salon $43.70$34.6826.0%
Toothpaste $2.57$2.473.9%
Shampoo $0.75$1.0226.6%
Movie $12.24$9.8724.0%
Bowling $5.21$4.3918.6%

Groceries

ItemMcDonoughNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.54$1.465.2%
Milk $2.42$2.362.7%
Potatoes $3.74$3.0622.2%
Pizza $8.09$9.2412.5%
Beer $8.97$8.633.9%

Health Care

ItemMcDonoughNational avg.Difference
Optometrist $88.57$99.7811.2%
Doctor $96.50$105.038.1%
Dentist $105.50$88.7018.9%
Ibuprofen $6.29$9.4133.2%
Lipitor $324.65$298.508.8%

Housing

ItemMcDonoughNational avg.Difference
Home Price $126,900.00$175,700.0027.8%
Avg. Mortgage Payment $1,027.50$1,081.035.0%
Apartment Rent $1,004.00$920.009.1%

Transportation

ItemMcDonoughNational avg.Difference
Gasoline $2.25$2.097.8%
Tire Balancing $51.19$45.2913.0%

Utilities

ItemMcDonoughNational avg.Difference
All Electricity$146.37$170.8014.3%
Phone $27.94$28.261.1%
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, StatePopulationCost of Living IndexNational Avg.
Sunny Side, GA8787-13%
Forest Park, GA18,78387-13%
Conley, GA5,67987-13%
Jonesboro, GA4,66189-11%
Experiment, GA2,24189-11%
McDonough, GA22,56097-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kerrville, TX22,56090-10%
Garden City, NY22,543208108%
Brushy Creek, TX22,5371044%
Northdale, FL22,5871011%
Copiague, NY22,52713939%
McDonough, GA22,56097-3%
Source: The McDonough, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.