Cost of Living in Montgomery, MI

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17%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
48%
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 Michigan National
Cost of living8391100
Groceries9898100
Health care9697100
Housing5276100
Transportation9796100
Utilities101100100
Lifestyle & Entertainment9396100
Household Items9898100
Education & Childcare9595100
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Homes For Sale In Montgomery, MI

property for sale

8833 W Territorial Rd

Camden, MI
property for sale

9874 Highland Dr

Montgomery, MI
property for sale

E Southern Rd

Montgomery, MI
property for sale

325 S Main St

Montgomery, MI

Cost Of Living Quick Facts

  • The cost of living in Montgomery is 8% lower than the Michigan average
  • The cost of living in Montgomery is 17% lower than the national average
  • Montgomery housing is 48% lower than the national average
  • Michigan general sales tax is 18% higher than the national average
  • Michigan state income tax is 64% higher than the national average

Most Affordable Places to Live in and Around Montgomery

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Compare Montgomery, MI Cost of Living

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      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$68,786$5,732$1,605$2,064
      Renters$51,072$4,256$1,192$1,532

      Michigan Sales Tax

      State General Sales Tax With Max Surtax
      Michigan 6% 6%

      Michigan Income Tax

      State Income Tax (Low) Income Tax (High)
      Michigan 4.25% 4.25%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Nettle Lake, OH3137425.9%
      Reading, MI9918218.3%
      Allen, MI2888218.0%
      Camden, MI7168316.6%
      Montpelier, OH4,0938416.4%
      Montgomery, MI3688316.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bellamy, AL3687722.7%
      Branch, LA3687426.3%
      Otter Lake, MI3688514.7%
      Macks Creek, MO3688218.3%
      Casar, NC3688317.3%
      Montgomery, MI3688316.7%
      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.
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