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.
IndexMontgomeryMichiganNational
Cost of living index8388100
IndexMontgomeryMichiganNational
Goods & Services index10393100
Groceries index9791100
Health care index9394100
Housing index4774100
Transportation index96103100
Utilities index9491100
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Did you know?

  • The cost of living in Montgomery is 5% lower than the Michigan average.
  • The cost of living in Montgomery is 17% lower than the national average.
  • The cost of housing in Montgomery is 53% lower than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Goods & Services index
Groceries index
Health care index
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Transportation index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$22,386$1,866$522$672
Renters$24,750$2,063$577$743

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%

Goods & Services

ItemMontgomeryNational avg.Difference
Haircut $16.34$16.091.6%
Beauty Salon $28.33$37.3324.1%
Toothpaste $2.72$2.4511.3%
Shampoo $1.08$1.007.9%
Movie $10.74$10.284.4%
Bowling $3.29$4.9333.4%

Groceries

ItemMontgomeryNational avg.Difference
Ground Beef $3.56$3.806.4%
Fried Chicken $1.43$1.402.1%
Milk $1.75$2.0113.0%
Potatoes $3.37$3.0112.0%
Pizza $9.00$9.899.0%
Beer $8.93$8.900.4%

Health Care

ItemMontgomeryNational avg.Difference
Optometrist $103.94$102.161.7%
Doctor $98.91$108.368.7%
Dentist $91.49$92.531.1%
Ibuprofen $8.20$9.2811.6%
Lipitor $354.99$425.8216.6%

Housing

ItemMontgomeryNational avg.Difference
Home Price $62,100.00$184,700.0066.4%
Avg. Mortgage Payment $944.18$1,202.4421.5%
Apartment Rent $757.00$949.0020.2%

Transportation

ItemMontgomeryNational avg.Difference
Gasoline $2.16$2.243.6%
Tire Balancing $44.07$46.294.8%

Utilities

ItemMontgomeryNational avg.Difference
All Electricity$139.28$165.9616.1%
Phone $30.32$28.685.7%
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, StatePopulationCost of Living IndexNational Avg.
Holiday City, OH3699-1%
Nettle Lake, OH44981-19%
Camden, MI53782-18%
North Adams, MI57574-26%
Reading, MI1,06274-26%
Montgomery, MI31983-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Teachey, NC31993-7%
Kingston, MO31977-23%
Morgan's Point, TX31997-3%
Diagonal, IA31975-25%
Scott, OH31979-21%
Montgomery, MI31983-17%
Source: The Montgomery, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.