Cost of Living in Montgomery, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.2
100 = national avg
-8.8 vs national average
Living Wage (1 Adult)
$40,139
per year
Living Wage (Family of 4)
$94,873
per year
Cost Index by Category
Housing94.1
Food92.6
Transportation85.4
Healthcare94.1
Utilities94.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$870
per month
2 Bedroom
$1,016
per month
The overall cost of living index in Montgomery is 91.2, which is 8.8% below the national average. Housing costs are below the national average at an index of 94.1. A single adult needs to earn approximately $40,139 per year to cover basic expenses.