Montgomeryville 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.
IndexMontgomeryvillePennsylvaniaNational
Cost of living index130100100
IndexMontgomeryvillePennsylvaniaNational
Goods & Services index10899100
Groceries index116102100
Health care index10690100
Housing index16993100
Transportation index115109100
Utilities index124115100
The above illustration supplies generalized information for the Montgomeryville, PA cost of living index. Compared to other cities in Pennsylvania and cities across the country, the cost of living index in Montgomeryville, PA is 130, which is 30% higher than the Pennsylvania average and 30% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Montgomeryville, PA are 10% higher than the average for Pennsylvania and 8% higher than the rest of the country.

Did you know?

  • The cost of living in Montgomeryville is 30% higher than the Pennsylvania average.
  • The cost of living in Montgomeryville is 30% higher than the national average.
  • The cost of housing in Montgomeryville is 69% higher than the national average.
  • Pennsylvania general sales tax is 18% higher than the national average.
  • Pennsylvania state income tax is 38% higher than the national average.

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Salary Calculator

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Groceries index
Health care index
Housing index
Transportation index
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The salary calculator allows you to compare how much your current salary in Montgomeryville, PA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Montgomeryville, PA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Montgomeryville, PA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$109,063$9,089$2,545$3,272
Renters$63,447$5,287$1,480$1,904
If you want to find a good determining factor for the cost of living and the general affordability of housing in Montgomeryville, PA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Montgomeryville, PA, the median monthly income is $109,063 for those who own their own homes. Under the standard rule, that income level would allow for $2,545 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $63,447, per the median income in the area. That would allow for renters to spend up to $1,480 on monthly rental expenses.

Pennsylvania Sales Tax

StateGeneral Sales TaxWith Max Surtax
Pennsylvania6%8%

Pennsylvania Income Tax

StateIncome Tax (Low)Income Tax (High)
Pennsylvania3.07%3.07%
When assessing the complete cost of living in Montgomeryville, PA, the Pennsylvania income tax and the Pennsylvania sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Pennsylvania maximum surtax is 8%, and the Pennsylvania sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3.07% to 3.07% in Pennsylvania.

Goods & Services

ItemMontgomeryvilleNational avg.Difference
Haircut $17.96$15.5615.4%
Beauty Salon $54.38$36.1150.6%
Toothpaste $2.34$2.475.5%
Shampoo $0.99$0.962.6%
Movie $11.55$10.1314.0%
Bowling $5.13$4.748.4%

Groceries

ItemMontgomeryvilleNational avg.Difference
Ground Beef $3.87$3.983.0%
Fried Chicken $1.68$1.4119.2%
Milk $1.97$2.064.5%
Potatoes $3.44$2.9815.2%
Pizza $10.38$9.479.6%
Beer $8.18$8.797.0%

Health Care

ItemMontgomeryvilleNational avg.Difference
Optometrist $102.70$101.041.6%
Doctor $124.15$107.4415.6%
Dentist $97.92$90.428.3%
Ibuprofen $9.59$9.283.3%
Lipitor $386.87$426.509.3%

Housing

ItemMontgomeryvilleNational avg.Difference
Home Price $309,700.00$175,700.0076.3%
Avg. Mortgage Payment $1,520.01$1,133.2334.1%
Apartment Rent $1,405.00$920.0052.7%

Transportation

ItemMontgomeryvilleNational avg.Difference
Gasoline $2.23$1.9911.9%
Tire Balancing $55.56$45.7621.4%

Utilities

ItemMontgomeryvilleNational avg.Difference
All Electricity$182.53$163.8111.4%
Phone $40.01$28.3940.9%
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, StatePopulationCost of Living IndexNational Avg.
Arcadia University, PA62311313%
Eagleville, PA29298-2%
Schwenksville, PA1,4151066%
Norristown, PA34,4541077%
East Greenville, PA2,9571088%
Montgomeryville, PA12,97713030%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Commerce, CA12,97512525%
Monticello, MN12,9741000%
Huron, SD12,98285-15%
Auburn, IN12,97284-16%
Minden, LA12,98881-19%
Montgomeryville, PA12,97713030%
Source: The Montgomeryville, PA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.