Cost of Living in Mcdonough, GA

Housing

The housing market plays a significant role in determining the cost of living in Mcdonough, GA.

• Housing Index: 110.0 / 100
• Median Home Price is: $278000
• Average Rent (2 BR Apartment): $1450 per month
• Average Rent (2 BR House): $1485 per month

When considering a move to Mcdonough, GA, it's essential to evaluate the housing factors at play. With a housing index of 110.0, it indicates a slightly above-average market. The median home price of 278000 suggests a reasonable entry point for homebuyers. However, renting might feel a pinch, especially with average costs for a 2-bedroom apartment at 1450 and a house at 1485. Given these figures, potential residents might find homeownership more favorable than renting, providing long-term stability and investment in an above-average community.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mcdonough, GA.

• Electricity Price: 15.53 USD (median by state)
• Natural Gas Price: $27.53 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Mcdonough, GA could entail higher utility costs. Electricity costs sit at 15.53, while natural gas is priced at 27.53 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $77804

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Mcdonough, GA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.