| Index | Montgomery | Ohio | National |
| Cost of living | 123 | 89 | 100 |
| Groceries | 99 | 97 | 100 |
| Health care | 98 | 96 | 100 |
| Housing | 186 | 74 | 100 |
| Transportation | 96 | 96 | 100 |
| Utilities | 93 | 96 | 100 |
| Lifestyle & Entertainment | 93 | 95 | 100 |
| Household Items | 99 | 97 | 100 |
| Education & Childcare | 92 | 93 | 100 |
Getting a feel for the cost of living in Montgomery is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Montgomery is 123, which is 23% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If you value affordability in your search for a new place to live, Montgomery may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Montgomery falls into this category, which may not align with your desire for an affordable place to call home.
When it comes to the cost of living in Montgomery, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 86.3% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Montgomery affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Montgomery, the median home price is 112.2% higher than the national average and monthly rent prices are 25.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Montgomery boasting a median household income of $177,675, 118.5% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Montgomery comes in at 7.2% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Montgomery, the groceries index is 1.5% lower than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Montgomery, the housing index comes in at 86.3% higher than the national average.
The cost of living data for Montgomery shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $194,952 | $16,246 | $4,549 | $5,849 |
| Renters | $100,018 | $8,335 | $2,334 | $3,001 |
| State | General Sales Tax | With Max Surtax |
| Ohio | 5.75% | 8% |
| State | Income Tax (Low) | Income Tax (High) |
| Ohio | 2.76% | 3.99% |
| City | Population | Cost of Living Index | National Avg. |
| Plainville, OH | 159 | 97 | 3.4% |
| Dillonvale village, OH | 667 | 80 | 20.2% |
| Elmwood Place, OH | 2,132 | 80 | 19.8% |
| Arlington Heights, OH | 855 | 82 | 18.1% |
| Lincoln Heights, OH | 3,478 | 82 | 17.9% |
| Montgomery, OH | 11,045 | 123 | 23.1% |
| City | Population | Cost of Living Index | National Avg. |
| Timonium, MD | 11,051 | 134 | 33.6% |
| Highland Park, MI | 11,056 | 80 | 20.3% |
| Comstock Park, MI | 11,032 | 95 | 4.8% |
| East Liverpool, OH | 11,032 | 79 | 21.0% |
| Taylorville, IL | 11,059 | 86 | 13.9% |
| Montgomery, OH | 11,045 | 123 | 23.1% |
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