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 107, which is 1.1x higher than the national index of 100.
Compared to Illinois, Montgomery has a cost of living index that's 1.1x higher than Illinois's index of 98.
The standard of living in Montgomery ranks as #203 most affordable out of the 336 places we measured in Illinois. By definition, that implies Montgomery ranks as the #133 most expensive place in the Prairie State.
For more reading on life in Montgomery, check out:
Montgomery Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Montgomery. Here is how it fares on each of the criteria:
The Services index in Montgomery is 98.
The Groceries index in Montgomery is 99.
The Health index in Montgomery is 131.
The Housing index in Montgomery is 102.
The Transportation index in Montgomery is 100.
The Utilities index in Montgomery is 97.
| Living Expense | Montgomery | Illinois | National Average |
|---|---|---|---|
| Overall | 107 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 131 | 96 | 100 |
| Housing | 102 | 101 | 100 |
| Transportation | 100 | 99 | 100 |
| Utilities | 97 | 101 | 100 |
Montgomery Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Montgomery Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Montgomery is $325,541.
The Median Rent in Montgomery is $1,984.
The Median Income in Montgomery is $103,734.
The Home Value To Income in Montgomery is 3.1x.
The Rent To Monthly Income in Montgomery is 0.23x.
| Statistic | Montgomery | Illinois | United States |
|---|---|---|---|
| Median Home Value | $325,541 | $285,735 | $332,700 |
| Median Rent | $1,984 | $1,274 | $1,413 |
| Median Income | $103,734 | $83,390 | $80,734 |
| Home Value To Income | 3.1x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.21x |
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
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, 1.0x Montgomery.
Naperville, IL has a cost of living index of 133, 1.2x Montgomery.
Wheaton, IL has a cost of living index of 127, 1.2x Montgomery.
| City | Population | Cost Of Living | Vs. Montgomery |
|---|---|---|---|
| Aurora, IL | 179,898 | 106 | 1.0x |
| Naperville, IL | 150,692 | 133 | 1.2x |
| Wheaton, IL | 53,557 | 127 | 1.2x |
| Downers Grove, IL | 50,054 | 124 | 1.2x |
| Plainfield, IL | 46,708 | 126 | 1.2x |
| Bartlett, IL | 40,501 | 119 | 1.1x |
| Carol Stream, IL | 39,460 | 112 | 1.0x |
| Oswego, IL | 36,375 | 112 | 1.0x |
| Woodridge, IL | 33,941 | 116 | 1.1x |
| Glen Ellyn, IL | 28,390 | 137 | 1.3x |
