Cost of Living in Montgomery County, IL

What does it cost to live in Montgomery County? Income, housing, and affordability breakdown.

Median Income

$61,796

Median Rent

$684/mo

Median Home

$102,000

Affordability

741

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$516
Property Tax$145
Insurance$34

Total Monthly$695
% of Income13.5%

Renting

Median Rent$684
Renter's Insurance$25

Total Monthly$709
% of Income13.3%

Living in Montgomery County, Illinois

Montgomery County has a median household income of $61,796 with housing costs that represent 13.5% of income for owners and 13.3% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 741 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in Illinois

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.