Cost of Living in Montgomery County, VA

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

Median Income

$65,270

Median Rent

$1,161/mo

Median Home

$269,300

Affordability

335

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,362
Property Tax$171
Insurance$90

Total Monthly$1,623
% of Income29.8%

Renting

Median Rent$1,161
Renter's Insurance$25

Total Monthly$1,186
% of Income21.3%

Living in Montgomery County, Virginia

Montgomery County has a median household income of $65,270 with housing costs that represent 29.8% of income for owners and 21.3% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 335 (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 Virginia

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.