Cost of Living in Montgomery County, IN
Population 38,312 · Census ACS 2020–2024 5-year estimates
The median rent in Montgomery County, IN is $858/month, 19% lower than the Indiana median and 39% lower than the U.S. median. The median home value is $171,800, 48% lower than the national median. Households earn a median of $71,479 a year, about the same as the state median.
Affordability
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Montgomery County vs. Indiana vs. U.S.
| Montgomery County | Indiana | U.S. | |
|---|---|---|---|
| Median rent | $858 | $1,062 | $1,413 |
| Median home value | $171,800 | $218,200 | $332,700 |
| Median household income | $71,479 | $71,957 | $80,734 |
| Homeownership rate | 80.3% | 70.6% | 65.2% |
| Bachelor's degree or higher | 20.4% | 29.5% | 35.7% |
| Poverty rate | 10.5% | 12.3% | 12.5% |
| Unemployment rate | 3.3% | 4.3% | 5.2% |
| Work from home | 7.4% | 10.7% | 15.1% |
| Median age | 40.4 | 38.1 | 38.9 |
FAQ
What is the average rent in Montgomery County, IN?
The median gross rent in Montgomery County, IN is $858 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Montgomery County, IN?
Using the common 30% rule, renting a median-priced home takes about $34,320 a year in gross income.
Is Montgomery County, IN expensive to live in?
Rent there is 39% lower than the U.S. median, and the median home costs about 2.4 times the median household income.
Other counties in Indiana
Counties 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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