Housing costs in Montgomery?
A typical home costs
$280,600, which is 17.0% less expensive than the national average of
$338,100 and 18.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Montgomery costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 33.3% cheaper than the state average of
$1,400.
Can I afford Montgomery?
To live comfortably in Montgomery Virgi County, Virginia, a minimum annual income of
$53,640 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, VA County is significantly lower than the US average. According to The Council for Community and Economic Research (C2ER), Montgomery County has an overall cost of living index of 89.6, compared to the US average of 100. This means that generally it is more affordable to live in Montgomery compared to other areas in the United States. The median house value in the county is $280,600, which is much cheaper than the national average house value of $338,100. Therefore, Montgomery County is a great place to live if you are looking for affordability combined with a high standard of living.