Housing costs in Montgomery?
A typical home costs
$270,200, which is 20.1% less expensive than the national average of
$338,100 and 11.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Montgomery costs
$1,470 per month, which is 2.8% more than the national average of
$1,430 and 14.3% more than the state average of
$1,260.
Can I afford Montgomery?
To live comfortably in Montgomery, Illinois, a minimum annual income of
$51,840 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in Montgomery, IL is relatively low compared to the national average. The median home cost is $183,200, which is significantly less than the national median of around $225,000. Similarly, the median monthly rent in Montgomery is around $1,065 compared to the national average of around $1,400. Other costs such as groceries and utilities are also lower than the national averages. Overall, Montgomery has an affordable cost of living that makes it a great option for those looking to live comfortably on a budget.