Montgomery County, MD Cost of Living


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Montgomery cost of living score
138.5
More expensive
38.5% higher
than the US average
23.9% higher
than the Maryland average
Montgomery Maryl County, Maryland gets a BestPlaces Cost of Living score of 138.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 38.5% higher than the U.S. average and 23.9% lower than the average for Maryland.

Montgomery County, MD

Housing costs in Montgomery?
A typical home costs $556,100, which is 64.5% more expensive than the national average of $338,100 and 43.3% more expensive than the average Maryland home, at $388,100. Renting a two-bedroom unit in Montgomery costs $1,840 per month, which is 28.7% more than the national average of $1,430 and 12.0% more than the state average of $1,620.

Can I afford Montgomery?
To live comfortably in Montgomery Maryl County, Maryland, a minimum annual income of $106,560 for a family, and $64,800 for a single person is recommended.

What does A.I. say about Montgomery?
The cost of living in Montgomery, MD County is significantly higher than the US average. With a cost of living index of 138.5, expenses related to housing, groceries, utilities, transportation and healthcare are all more expensive in Montgomery County than the nationwide average. Coupled with the house median value being more than double the US average at $556,100, this area is not only a desirable place to live but also an expensive one.
   Cost of living score
     CategoriesMontgomeryMarylandUnited States
  138.5111.8100.0
  113105.2100
  86.884.2100.0
  192.0124.1100.0
  $556,100$388,100$338,100
  104.8%105.6%100.0%
  138.7119.3100.0
  149.9112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Montgomery
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Huge county. Many areas are going downhill and feel less safe by the month. Very hard to get around just by walking. Even if you live in walking distance to downtown  More

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