Cost of Living in Montgomery Village, MD
Population 34,110 · Census ACS 2020–2024 5-year estimates
The median rent in Montgomery Village, MD is $1,916/month, 12% higher than the Maryland median and 36% higher than the U.S. median. The median home value is $388,900, 17% higher than the national median. Households earn a median of $95,348 a year, 8% lower than the state median.
Affordability
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Montgomery Village vs. Maryland vs. U.S.
| Montgomery Village | Maryland | U.S. | |
|---|---|---|---|
| Median rent | $1,916 | $1,705 | $1,413 |
| Median home value | $388,900 | $419,900 | $332,700 |
| Median household income | $95,348 | $103,678 | $80,734 |
| Homeownership rate | 67.5% | 67.6% | 65.2% |
| Bachelor's degree or higher | 42.8% | 43.4% | 35.7% |
| Poverty rate | 13.1% | 9.4% | 12.5% |
| Unemployment rate | 6.3% | 4.9% | 5.2% |
| Work from home | 18.3% | 19.3% | 15.1% |
| Median age | 37.6 | 39.4 | 38.9 |
FAQ
What is the average rent in Montgomery Village, MD?
The median gross rent in Montgomery Village, MD is $1,916 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Montgomery Village, MD?
Using the common 30% rule, renting a median-priced home takes about $76,640 a year in gross income.
Is Montgomery Village, MD expensive to live in?
Rent there is 36% higher than the U.S. median, and the median home costs about 4.1 times the median household income.
Other cities in Maryland
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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