Housing costs in Montgomery?
A typical home costs
$352,900, which is 4.4% more expensive than the national average of
$338,100 and 36.7% less expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Montgomery costs
$1,190 per month, which is 16.8% cheaper than the national average of
$1,430 and 79.8% cheaper than the state average of
$2,140.
Can I afford Montgomery?
To live comfortably in Montgomery, Massachusetts, a minimum annual income of
$67,680 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, MA is relatively high compared to other cities in the United States. According to BestPlaces, the cost of living index for Montgomery is 79.8, which is higher than the national average of 75.2. The median home price is $400,000 and rent prices are very high as well. Utility bills are also expensive, with an average electric bill costing around $123 per month and an average water bill costing around $100 per month. Groceries and fuel are also more expensive than most other places in the country. All these factors contribute to making Montgomery a very expensive place to live compared to other cities in the US.