Cost of Living in Montgomery, AL
Montgomery has a cost of living index of 82 (100 = national average), making it significantly more affordable than the national average. The median household income is $41,340 and the median home price is $155,000.
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Montgomery at a Glance
Population
200,603
Cost of Living Index
82
Median Income
$41,340
Median Home Price
$155,000
Property Tax Rate
0.40%
Sales Tax Rate
10.00%
Rent Index
62
State
Alabama
Living in Montgomery
Montgomery offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $155,000 is well within reach for many families.
The combined sales tax rate in Montgomery is 10.00%, and the effective property tax rate is 0.40%. Property taxes are relatively low compared to the national average.