Housing costs in Montgomery?
A typical home costs
$505,700, which is 49.6% more expensive than the national average of
$338,100 and 156.7% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Montgomery costs
$1,560 per month, which is 9.1% more than the national average of
$1,430 and 37.2% more than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery, Ohio, a minimum annual income of
$96,840 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, OH is relatively affordable. According to the latest data from BestPlaces, the overall cost of living index for Montgomery is 83.8 which is significantly lower than the national average of 100. The median household income in Montgomery is $71,987. Housing costs are very reasonable with a median home value of $137,400 and median rent at $1,025 per month. Utilities such as electricity are also very affordable with an average monthly expense of just over $100 per month. Additionally, groceries generally cost much less than the national average helping Montgomery residents stretch their budgets even further. All these factors contribute to making Montgomery a great place to live and work for those looking for an affordable lifestyle.