Cost Of Living in Montgomery, IN

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5%

Overall NAT. AVG.

4%

Groceries NAT. AVG.

9%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Montgomery	Indiana	National
Cost of living	95	89	100
Groceries	96	97	100
Health care	98	97	100
Housing	91	72	100
Transportation	95	96	100
Utilities	97	96	100
Lifestyle & Entertainment	96	95	100
Household Items	99	98	100
Education & Childcare	103	94	100

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Homes For Sale In Montgomery, IN

234 S 2nd St

Montgomery, IN

8965 E US Highway 50

Cannelburg, IN

520 N 450 E

Washington, IN

540 W Hastings St

Montgomery, IN

Cost Of Living Quick Facts

The cost of living in Montgomery is 7% higher than the Indiana average
The cost of living in Montgomery is 5% lower than the national average
Montgomery housing is 9% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 21% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$108,412	$9,034	$2,529	$3,253
Renters	$47,907	$3,992	$1,118	$1,437

Indiana Sales Tax

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

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.15%	3.15%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Raglesville, IN	108	97	2.8%
Ragsdale, IN	254	97	3.1%
Westphalia, IN	52	97	3.1%
Alfordsville, IN	37	97	2.8%
Burns City, IN	36	97	2.8%
Montgomery, IN	1,048	95	4.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Salamatof, AK	1,048	119	19.3%
West Park, CA	1,048	111	11.0%
Winthrop, IA	1,048	88	11.9%
Terrytown, NE	1,048	86	13.8%
Roslyn Harbor, NY	1,048	268	167.8%
Montgomery, IN	1,048	95	4.6%