Cost of Living in Montgomery, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
118.0
100 = national avg
+18.0 vs national average
Living Wage (1 Adult)
$51,910
per year
Living Wage (Family of 4)
$122,696
per year
Cost Index by Category
Housing96.5
Food121.7
Transportation143.3
Healthcare117.3
Utilities112.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$764
per month
2 Bedroom
$1,003
per month
The overall cost of living index in Montgomery is 118.0, which is 18.0% above the national average. Housing costs are below the national average at an index of 96.5. A single adult needs to earn approximately $51,910 per year to cover basic expenses.