Cost Of Living In Montgomery, IN

Montgomery cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Montgomery	Indiana	National
Cost of living index	82	87	100
Index	Montgomery	Indiana	National
Goods & Services index	99	94	100
Groceries index	108	94	100
Health care index	93	95	100
Housing index	46	73	100
Transportation index	94	92	100
Utilities index	83	90	100

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The cost of living in Montgomery is 6% lower than the Indiana average.
The cost of living in Montgomery is 18% lower than the national average.
The cost of housing in Montgomery is 54% lower than the national average.
Indiana general sales tax is 37% higher than the national average.
Indiana state income tax is 48% higher than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$57,917	$4,826	$1,351	$1,738
Renters	$20,417	$1,701	$476	$613

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.3%	3.3%

Goods & Services

Item	Montgomery	National avg.	Difference
Haircut	$15.85	$15.56	1.8%
Beauty Salon	$37.65	$36.11	4.3%
Toothpaste	$2.06	$2.47	16.6%
Shampoo	$0.96	$0.96	1.0%
Movie	$10.47	$10.13	3.4%
Bowling	$4.06	$4.74	14.3%

Groceries

Item	Montgomery	National avg.	Difference
Ground Beef	$4.29	$3.98	7.6%
Fried Chicken	$1.39	$1.41	1.3%
Milk	$2.11	$2.06	2.3%
Potatoes	$3.31	$2.98	10.9%
Pizza	$9.83	$9.47	3.8%
Beer	$9.21	$8.79	4.7%

Health Care

Item	Montgomery	National avg.	Difference
Optometrist	$136.79	$101.04	35.4%
Doctor	$76.69	$107.44	28.6%
Dentist	$81.31	$90.42	10.1%
Ibuprofen	$10.99	$9.28	18.4%
Lipitor	$428.12	$426.50	0.4%

Housing

Item	Montgomery	National avg.	Difference
Home Price	$81,900.00	$175,700.00	53.4%
Avg. Mortgage Payment	$938.33	$1,133.23	17.2%
Apartment Rent	$400.00	$920.00	56.5%

Transportation

Item	Montgomery	National avg.	Difference
Gasoline	$1.98	$1.99	0.7%
Tire Balancing	$37.50	$45.76	18.0%

Utilities

Item	Montgomery	National avg.	Difference
All Electricity	$151.45	$163.81	7.5%
Phone	$19.96	$28.39	29.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Raglesville, IN	70	97	-3%
Ragsdale, IN	122	74	-26%
Alfordsville, IN	84	75	-25%
Freelandville, IN	495	78	-22%
Bicknell, IN	2,961	79	-21%
Montgomery, IN	370	82	-18%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Snydertown borough, PA	370	96	-4%
Templeton, IA	370	83	-17%
Fenwick Island, DE	370	168	68%
Yampa, CO	370	104	4%
Maquon, IL	370	81	-19%
Montgomery, IN	370	82	-18%

Source: The Montgomery, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Montgomery, IN Cost of Living