Montgomery, TX is a thriving city located about 40 miles north of Houston. It is growing in population and has become a popular destination for individuals looking for a place to call home. The cost of living in Montgomery is slightly higher than the US average, with 2 bedroom rent averaging around $1,550 compared to the US average of $1,430. Grocery costs are also higher in Montgomery at 101 compared to 100 in the US. People who live in Montgomery are able to take advantage of the area's close proximity to larger cities while still enjoying small-town living. Local companies include Montgomery Medical Center, Cypresswood Golf Club, Legends Bank & Trust Company and more. With its growing economy and attractive amenities, it's no surprise that so many people have chosen to call Montgomery home.
Montgomery has an unemployment rate of 7.4%. The US average is 6.0%.
Montgomery has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Montgomery
- The Sales Tax Rate for Montgomery is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Montgomery is 0.0%. 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 $26,703 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery resident is $92,583 a year. The US average is $69,021 a year.