Cost of Living in Montgomery County, TN

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

Median Income

$67,890

Median Rent

$1,128/mo

Median Home

$226,400

Affordability

418

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,145
Property Tax$132
Insurance$75

Total Monthly$1,352
% of Income23.9%

Renting

Median Rent$1,128
Renter's Insurance$25

Total Monthly$1,153
% of Income19.9%

Living in Montgomery County, Tennessee

Montgomery County has a median household income of $67,890 with housing costs that represent 23.9% of income for owners and 19.9% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 418 (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 Tennessee

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.