Housing costs in Montgomery?
A typical home costs
$297,600, which is 12.0% less expensive than the national average of
$338,100 and 34.3% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Montgomery costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 11.4% cheaper than the state average of
$980.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 47558), Indiana, a minimum annual income of
$56,880 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 47558 Montgomery, IN is relatively low compared to other areas. The median home value is $77,000 and the median rent is just $610, making it affordable to live in this area. Additionally, the overall cost of living index score for 47558 Montgomery is 80, which is 20% lower than the US average. This means that consumers can expect to pay less for basic goods and services here than they would in other parts of the country. All in all, 47558 Montgomery is an attractive place to live for those looking for a great quality of life at an affordable cost.