Housing costs in Montgomery?
A typical home costs
$134,700, which is 60.2% less expensive than the national average of
$338,100 and 38.4% less expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Montgomery costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 35.8% cheaper than the state average of
$1,100.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 49255), Michigan, a minimum annual income of
$25,920 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, MI (49255) is slightly higher than the national average. This is due to the fact that it is an affluent suburb of Detroit, a major city in Michigan. The median home price in Montgomery is approximately $212,000 which is higher than the state average of $130,000. Additionally, the cost of groceries and essential goods and services are also higher due to the more affluent surroundings. All in all, Montgomery is a pleasant place to live but one should expect to pay a little more for the privilege.