Montgomery County, IN Cost of Living


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How much do I need to live in Montgomery, Indiana?
$2,910 / month
for a family, 46.1% less expensive than the national average A total of $34,920 for the year for a family.
$2,200 / month
for a single person, 53.8% less expensive than the national average A total of $26,400 for the year for a single person.

Montgomery cost of living score
75.4
Less expensive
24.6% lower
than the US average
9.9% lower
than the Indiana average
Montgomery Indi County, Indiana gets a BestPlaces Cost of Living score of 75.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.6% lower than the U.S. average and 9.9% higher than the average for Indiana.

Montgomery County, IN

Housing costs in Montgomery?
A typical home costs $183,100, which is 45.8% less expensive than the national average of $338,100 and 17.4% less expensive than the average Indiana home, at $221,600. Renting a two-bedroom unit in Montgomery costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 15.3% cheaper than the state average of $980.

Can I afford Montgomery?
To live comfortably in Montgomery Indi County, Indiana, a minimum annual income of $34,920 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 County is 75.4, significantly lower than the US average of 100. This is great news if you are looking to purchase a home in the area, as the median house value in Montgomery County is $183,100 - making it much more affordable than the US average house value of $338,100. With a lower cost of living and more attainable housing prices, Montgomery County can be an ideal place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMontgomeryIndianaUnited States
    Unlock83.7100.0
  91.5  Unlock100.0
    Unlock94.4100.0
  48.7  Unlock100.0
    Unlock$221,600$338,100
  98.6  Unlock100.0
    Unlock85.4100.0
  80.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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