Housing costs in Montgomery?
A typical home costs
$458,200, which is 35.5% more expensive than the national average of
$338,100 and 54.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Montgomery costs
$1,530 per month, which is 19.5% more than the national average of
$1,280 and 15.0% more than the state average of
$1,300.
Can I afford Montgomery?
To live comfortably in Montgomery (zip 77316), Texas, a minimum annual income of
$87,840 for a family, and
$51,200 for a single person is recommended.
What does A.I. say about Montgomery?
The cost of living in 77316 Montgomery, TX is slightly higher than the US average. Housing costs account for the largest portion of the cost of living for residents, with median home prices around $214,700 and median rent prices around $1,200. Other areas that contribute to the cost of living in this area include healthcare (14% above the national average), transportation (7% above the national average), and groceries (2% below the national average). Overall, residents can expect to pay slightly more for their day-to-day expenses than those across other parts of the country.