Montgomery, IL Cost Of Living
Cost Of Living In Montgomery, IL Summary
Cost of living in Montgomery research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Montgomery is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Montgomery is 112, with 100 being the average.
The cost of living index in Montgomery is 1.1x higher than the national average.
Montgomery ranks as the #229 cheapest in Illinois out of 336.
Montgomery ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Montgomery is $320,487.
The median income in Montgomery is $96,985.
Table Of Contents
Montgomery's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Montgomery, IL?
According to the most recent data on the cost of living, Montgomery has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Illinois, Montgomery has a cost of living index that's 1.2x higher than Illinois's index of 97.
The standard of living in Montgomery ranks as #229 most affordable out of the 336 places we measured in Illinois. By definition, that implies Montgomery ranks as the #107 most expensive place in the Prairie State.
For more reading on life in Montgomery, check out:
In Illinois
In America
Montgomery Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Montgomery. Here is how it fairs on each of the criteria:
The Services index in Montgomery is 107.
The Groceries index in Montgomery is 96.
The Health index in Montgomery is 99.
The Housing index in Montgomery is 132.
The Transportation index in Montgomery is 116.
The Utilities index in Montgomery is 81.
| Living Expense | Montgomery | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 112 | 97 | 100 | |
| Services | 107 | 95 | 100 | |
| Groceries | 96 | 99 | 100 | |
| Health | 99 | 93 | 100 | |
| Housing | 132 | 95 | 100 | |
| Transportation | 116 | 102 | 100 | |
| Utilities | 81 | 91 | 100 | |
Montgomery, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Montgomery is $320,487.
The Median Rent in Montgomery is $1,897.
The Median Income in Montgomery is $96,985.
The Home Value To Income in Montgomery is 3.3x.
The Rent To Monthly Income in Montgomery is 0.23x.
| Statistic | Montgomery | Illinois | United States |
|---|---|---|---|
| Median Home Value | $320,487 | $283,508 | $303,400 |
| Median Rent | $1,897 | $1,227 | $1,348 |
| Median Income | $96,985 | $81,702 | $78,538 |
| Home Value To Income | 3.3x | 3.5x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Montgomery, IL Costs By Category
Detailed Montgomery Services Costs Vs. Illinois
| Item | Montgomery | Illinois |
|---|---|---|
| Shampoo | $1.32 | $1.28 |
| Movie | $9.99 | $12.13 |
| Bowling | $16.0 | $18 |
| Haircut | $19.72 | $24.26 |
| Beauty Salon | $37.22 | $45.56 |
Detailed Montgomery Groceries Costs Vs. Illinois
| Item | Montgomery | Illinois |
|---|---|---|
| Ground Beef | $5.94 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $5.08 | $4.93 |
| Pizza | $10.69 | $12.09 |
| Beer | $9.61 | $10.41 |
| Toothpaste | $3.72 | $3.7 |
Detailed Montgomery Health Costs Vs. Illinois
| Item | Montgomery | Illinois |
|---|---|---|
| Optometrist | $86.67 | $125.68 |
| Doctor | $110.0 | $135.78 |
| Dentist | $82.0 | $113.29 |
Detailed Montgomery Transportation Costs Vs. Illinois
| Item | Montgomery | Illinois |
|---|---|---|
| Gasoline | $3.52 | $3.46 |
| Tire Balancing | $45.0 | $59.92 |
Detailed Montgomery Utilities Costs Vs. Illinois
| Item | Montgomery | Illinois |
|---|---|---|
| All Electricity | $156.87 | $193.99 |
| Phone | $198.03 | $192.25 |
Montgomery SnackAbility
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Cost Of Living In Cities Around Montgomery
The cost of living varies in the cities and towns around Montgomery. Here's a quick look at the cost of living in the most populous nearby places:
Aurora, IL has a cost of living index of 106, 0.9x Montgomery.
Naperville, IL has a cost of living index of 133, 1.2x Montgomery.
Wheaton, IL has a cost of living index of 128, 1.1x Montgomery.
| City | Population | Cost Of Living | Vs. Montgomery |
|---|---|---|---|
| Aurora, IL | 179,867 | 106 | 0.9x |
| Naperville, IL | 149,424 | 133 | 1.2x |
| Wheaton, IL | 53,453 | 128 | 1.1x |
| Downers Grove, IL | 49,867 | 125 | 1.1x |
| Plainfield, IL | 45,705 | 123 | 1.1x |
| Bartlett, IL | 40,531 | 122 | 1.1x |
| Carol Stream, IL | 39,427 | 114 | 1.0x |
| Oswego, IL | 35,463 | 115 | 1.0x |
| Woodridge, IL | 33,889 | 115 | 1.0x |
| Glen Ellyn, IL | 28,270 | 135 | 1.2x |
