Housing costs in Montgomery?
A typical home costs
$376,600, which is 11.4% more expensive than the national average of
$338,100 and 8.9% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Montgomery costs
$1,660 per month, which is 16.1% more than the national average of
$1,430 and 18.1% cheaper than the state average of
$1,960.
Can I afford Montgomery?
To live comfortably in Montgomery, New York, a minimum annual income of
$72,000 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, NY is relatively affordable. The median home price is around $195,000 depending on location, which is significantly lower than the average for New York State. Food and transportation costs are also lower than the state's average. The tax rate is generally lower in this area as well. Generally speaking, Montgomery offers a cost of living that is much more reasonable than other parts of the state.