Housing costs in Montgomery?
A typical home costs
$268,900, which is 20.5% less expensive than the national average of
$338,100 and 13.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Montgomery costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$1,240.
Can I afford Montgomery?
To live comfortably in Montgomery, Minnesota, a minimum annual income of
$51,480 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Montgomery?
Montgomery, MN has an affordable cost of living compared to the national average. According to Best Places, the cost of living index for Montgomery is 84.3, which is 16% lower than the US average. Housing costs are especially competitive in Montgomery with a median home price of $179,800 and monthly rent ranging from around $650-$1100. The area also provides plenty of options for shoppers, with several big box stores and strip malls plus local businesses scattered throughout the town. Groceries and utility costs are also reasonable with little fluctuation in prices from month to month. All in all, Montgomery offers an affordable standard of living without sacrificing quality services or amenities.