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.
IndexMontgomeryMinnesotaNational
Cost of living index90104100
IndexMontgomeryMinnesotaNational
Goods & Services index98109100
Groceries index103106100
Health care index118110100
Housing index65100100
Transportation index99100100
Utilities index9798100
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Did you know?

  • The cost of living in Montgomery is 14% lower than the Minnesota average.
  • The cost of living in Montgomery is 10% lower than the national average.
  • The cost of housing in Montgomery is 35% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

Compare Montgomery, MN Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$66,983$5,582$1,563$2,010
      Renters$41,472$3,456$968$1,244

      Minnesota Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Minnesota6.875%7.875%

      Minnesota Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Minnesota5.35%9.85%

      Goods & Services

      ItemMontgomeryNational avg.Difference
      Haircut $22.50$17.4928.6%
      Beauty Salon $27.60$38.1727.7%
      Toothpaste $2.23$2.323.9%
      Shampoo $0.99$1.012.2%
      Movie $9.75$10.729.1%
      Bowling $10.00$13.8627.9%

      Groceries

      ItemMontgomeryNational avg.Difference
      Ground Beef $3.43$3.9012.0%
      Fried Chicken $2.73$1.4095.6%
      Milk $1.73$1.9611.8%
      Potatoes $3.24$3.181.8%
      Pizza $11.99$10.3915.4%
      Beer $8.99$9.232.6%

      Health Care

      ItemMontgomeryNational avg.Difference
      Optometrist $111.30$106.344.7%
      Doctor $204.33$115.2577.3%
      Dentist $101.00$98.382.7%
      Ibuprofen $10.69$9.2615.4%
      Lipitor $348.93$466.4725.2%

      Housing

      ItemMontgomeryNational avg.Difference
      Home Price $115,100.00$184,700.0037.7%
      Avg. Mortgage Payment $745.67$1,273.3241.4%
      Apartment Rent $676.00$949.0028.8%

      Transportation

      ItemMontgomeryNational avg.Difference
      Gasoline $2.64$2.591.8%
      Tire Balancing $47.33$48.903.2%

      Utilities

      ItemMontgomeryNational avg.Difference
      All Electricity$161.10$167.603.9%
      Phone $179.21$163.429.7%
      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.
      Kilkenny, MN21189-11%
      Le Center, MN2,40489-11%
      Cleveland, MN69292-8%
      Faribault, MN23,53093-7%
      Belle Plaine, MN6,89298-2%
      Montgomery, MN2,91990-10%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Lakewood, NY2,91985-15%
      Chincoteague, VA2,91911212%
      The Plains, OH2,91886-14%
      Milaca, MN2,91894-6%
      Cache, OK2,91886-14%
      Montgomery, MN2,91990-10%
      Source: The Montgomery, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.