Housing costs in Montgomery?
A typical home costs
$187,300, which is 44.6% less expensive than the national average of
$338,100 and 15.5% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Montgomery costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery, Indiana, a minimum annual income of
$36,000 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, IN is quite low compared to the national average. The overall index for the city is 83.8 which is significantly lower than the US average of 100. This makes it an attractive option for those looking for a more affordable lifestyle. Housing costs are particularly low with median home prices at $81,600 and median rent at $711 per month. In addition to this, utilities such as electricity and gas are around 9% lower than the national average, making it very economical to live in Montgomery, IN.