Cost of Living in Montgomery County, IN

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

Median Income

$62,937

Median Rent

$787/mo

Median Home

$156,400

Affordability

569

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$791
Property Tax$78
Insurance$52

Total Monthly$921
% of Income17.6%

Renting

Median Rent$787
Renter's Insurance$25

Total Monthly$812
% of Income15%

Living in Montgomery County, Indiana

Montgomery County has a median household income of $62,937 with housing costs that represent 17.6% of income for owners and 15% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 569 (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 Indiana

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.