Housing costs in Montgomery Village?
A typical home costs
$337,900, which is 0.1% less expensive than the national average of
$338,100 and 12.9% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Montgomery Village costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and 3.0% more than the state average of
$1,620.
Can I afford Montgomery Village?
To live comfortably in Montgomery Village, Maryland, a minimum annual income of
$64,800 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Montgomery Village?
The cost of living in Montgomery Village, MD is slightly higher than the U.S. average, but it is still an affordable place to live. The median home price in the area is about $330,000, which is much lower than many other nearby cities. In addition, there are a variety of housing options available in Montgomery Village ranging from low-cost rentals to more expensive single-family homes and townhouses. In terms of taxes, income tax rates are similar to those found throughout the state of Maryland. The cost of groceries and other goods also tends to be slightly higher than the national average, though it varies depending on location and time of year. All in all, living in Montgomery Village can be considered an affordable option with plenty of amenities and entertainment options nearby for residents to enjoy.