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.
Cost of living index9694100
Goods & Services index9997100
Groceries index9599100
Health care index10697100
Housing index9286100
Transportation index9597100
Utilities index9793100
An overview of the general cost of living index for Montgomery, GA is displayed above for your reference. Residents in Montgomery, GA enjoy a cost of living index of 96. This index is 3% higher than the Georgia average, and 4% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Montgomery, GA, the average cost of goods and services is 2% higher than it is in Georgia, and it is 1% lower than the national average.
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Did you know?

  • The cost of living in Montgomery is 3% higher than the Georgia average.
  • The cost of living in Montgomery is 4% lower than the national average.
  • The cost of housing in Montgomery is 8% lower than the national average.
  • Georgia general sales tax is 21% lower than the national average.
  • Georgia state income tax is 55% lower than the national average.

Compare Montgomery, GA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Montgomery, GA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Montgomery, GA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Montgomery, GA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Montgomery, GA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Montgomery, GA has a median income of about $53,681 for people who own homes. Based on that number, a person should spend a maximum of $1,252 on expenses related to housing. Renters have a slightly different median income, which is $53,100. Based on this average, renters should spend no more than $1,239 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
The Georgia sales tax and Georgia income tax rates should definitely be considered when determining the overall cost of living in Montgomery, GA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Georgia sales tax is 4% and the maximum surtax is 8%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Georgia income tax rates range from 1% to 6%.

Goods & Services

ItemMontgomeryNational avg.Difference
Haircut $17.14$17.492.0%
Beauty Salon $35.50$38.177.0%
Toothpaste $1.97$2.3215.1%
Shampoo $0.87$1.0114.0%
Movie $11.84$10.7210.4%
Bowling $19.05$13.8637.4%


ItemMontgomeryNational avg.Difference
Ground Beef $3.71$3.904.9%
Fried Chicken $1.36$1.402.6%
Milk $1.97$1.960.4%
Potatoes $3.26$3.182.4%
Pizza $9.99$10.393.9%
Beer $9.84$9.236.6%

Health Care

ItemMontgomeryNational avg.Difference
Optometrist $88.50$106.3416.8%
Doctor $108.33$115.256.0%
Dentist $119.67$98.3821.6%
Ibuprofen $8.31$9.2610.3%
Lipitor $509.58$466.479.2%


ItemMontgomeryNational avg.Difference
Home Price $177,000.00$184,700.004.2%
Avg. Mortgage Payment $773.26$1,273.3239.3%
Apartment Rent $795.00$949.0016.2%


ItemMontgomeryNational avg.Difference
Gasoline $2.39$2.597.9%
Tire Balancing $49.80$48.901.9%


ItemMontgomeryNational avg.Difference
All Electricity$159.64$167.604.8%
Phone $179.40$163.429.8%
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.
Garden City, GA8,88988-12%
Bloomingdale, GA2,70392-8%
Savannah, GA144,71794-6%
Thunderbolt, GA2,60696-4%
Port Wentworth, GA7,05297-3%
Montgomery, GA4,22296-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rockmart, GA4,22289-11%
Goddard, KS4,22495-5%
Falls City, NE4,22578-22%
Chariton, IA4,21980-20%
Calcium, NY4,22597-3%
Montgomery, GA4,22296-4%
Source: The Montgomery, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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