Cost Of Living in Montgomery, NY

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D-

19%

Overall NAT. AVG.

7%

Groceries NAT. AVG.

42%

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	New York	National
Cost of living	119	121	100
Groceries	107	106	100
Health care	107	110	100
Housing	142	144	100
Transportation	108	113	100
Utilities	109	112	100
Lifestyle & Entertainment	112	111	100
Household Items	107	106	100
Education & Childcare	112	118	100

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Homes For Sale In Montgomery, NY

11 Hidden View Dr

Walden, NY

346 Angelo Dr

Montgomery, NY

7 Didio Ln

Montgomery, NY

214 Wallkill Rd

Walden, NY

Cost Of Living Quick Facts

The cost of living in Montgomery is 2% lower than the New York average
The cost of living in Montgomery is 19% higher than the national average
Montgomery housing is 42% higher than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% 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	$156,206	$13,017	$3,645	$4,687
Renters	$80,522	$6,710	$1,879	$2,416

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Montgomery, NY, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Montgomery, homeowners have a median income of $156,206. Using that number, a maximum of $3,645 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $80,522, which means there is a maximum of $1,879 to be spent on the costs of renting a home or apartment.

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	10.9%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cragsmoor, NY	451	89	10.9%
Ellenville, NY	4,150	99	1.0%
Wurtsboro, NY	1,053	105	4.5%
Newburgh, NY	28,811	106	5.5%
Maybrook, NY	3,707	107	6.5%
Montgomery, NY	4,641	119	18.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Poplar Grove, IL	4,641	103	2.9%
Benton, KY	4,641	90	10.1%
Wamego, KS	4,642	93	7.2%
Aurora, NE	4,642	92	8.5%
Saint-Denis-de-Brompton, QC	4,642	n/a
Montgomery, NY	4,641	119	18.6%