Montgomery, OH is a city in Hamilton County that has seen steady growth over the years due to its close proximity to Cincinnati. The cost of living in Montgomery is slightly higher than average with the 2 Bedroom Rent being $1,560 per month compared to $1,430 throughout the US. The Grocery Cost Index in Montgomery is 106 versus 100 across the nation which indicates more expensive groceries.
The economy of Montgomery is robust and there are many local companies contributing to its success such as Procter & Gamble, Ak Steel Corporation, and Comair Aviation Solutions. Other notable companies with offices or facilities in Montgomery include Convergys Corporation, Vantiv LLC, and AdvancePierre Foods.
Montgomery has an unemployment rate of 4.4%. The US average is 6.0%.
Montgomery has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery
- The Sales Tax Rate for Montgomery is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montgomery is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montgomery
- The average income of a Montgomery resident is $53,051 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery resident is $131,856 a year. The US average is $69,021 a year.