Montgomery County, TN Cost of Living


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United States / Tennessee / / Montgomery County / Cities / Zip Codes
How much do I need to live in Montgomery, Tennessee?
$4,650 / month
for a family, 13.9% less expensive than the national average A total of $55,800 for the year for a family.
$2,533 / month
for a single person, 46.9% less expensive than the national average A total of $30,400 for the year for a single person.

Montgomery cost of living score
89.1
Less expensive
10.9% lower
than the US average
0.9% lower
than the Tennessee average
Montgomery Tennes County, Tennessee gets a BestPlaces Cost of Living score of 89.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.9% lower than the U.S. average and 0.9% higher than the average for Tennessee.

Montgomery County, TN

Housing costs in Montgomery?
A typical home costs $291,700, which is 13.7% less expensive than the national average of $338,100 and 5.2% more expensive than the average Tennessee home, at $277,400. Renting a two-bedroom unit in Montgomery costs $990 per month, which is 30.8% cheaper than the national average of $1,430 and 8.1% cheaper than the state average of $1,070.

Can I afford Montgomery?
To live comfortably in Montgomery Tennes County, Tennessee, a minimum annual income of $55,800 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Montgomery?
The cost of living in Montgomery, TN County is 89.1, which is lower than the national average of 100. This means that the cost of goods and services such as groceries, housing, transportation, and entertainment are comparatively cheaper than other areas in the US. Furthermore, the median value of houses in Montgomery County is $291,700 which is significantly lower than the national average of $338,100. This makes it a more affordable option for people looking to purchase a home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMontgomeryTennesseeUnited States
    Unlock89.9100.0
  96.7  Unlock100.0
    Unlock100.4100.0
  78.1  Unlock100.0
    Unlock$277,400$338,100
  100.5  Unlock100.0
    Unlock90.2100.0
  103.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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