Cost of Living in Montgomery, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
59.7
100 = national avg
-40.3 vs national average
Living Wage (1 Adult)
$26,253
per year
Living Wage (Family of 4)
$62,054
per year
Cost Index by Category
Housing62.0
Food70.5
Transportation41.0
Healthcare76.4
Utilities74.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$829
per month
2 Bedroom
$1,036
per month
The overall cost of living index in Montgomery is 59.7, which is 40.3% below the national average. Housing costs are below the national average at an index of 62.0. A single adult needs to earn approximately $26,253 per year to cover basic expenses.