Housing costs in Montgomery?
A typical home costs
$556,100, which is 64.5% more expensive than the national average of
$338,100 and 43.3% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Montgomery costs
$1,840 per month, which is 28.7% more than the national average of
$1,430 and 12.0% more than the state average of
$1,620.
Can I afford Montgomery?
To live comfortably in Montgomery Maryl County, Maryland, a minimum annual income of
$106,560 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, MD County is significantly higher than the US average. With a cost of living index of 138.5, expenses related to housing, groceries, utilities, transportation and healthcare are all more expensive in Montgomery County than the nationwide average. Coupled with the house median value being more than double the US average at $556,100, this area is not only a desirable place to live but also an expensive one.