Cost of Living in Montgomery, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.1
100 = national avg
-9.9 vs national average
Living Wage (1 Adult)
$39,662
per year
Living Wage (Family of 4)
$93,746
per year
Cost Index by Category
Housing94.3
Food91.3
Transportation82.5
Healthcare93.0
Utilities93.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$764
per month
2 Bedroom
$1,002
per month
The overall cost of living index in Montgomery is 90.1, which is 9.9% below the national average. Housing costs are below the national average at an index of 94.3. A single adult needs to earn approximately $39,662 per year to cover basic expenses.