Montgomery, IL Cost Of Living

The latest cost of living statistics for Montgomery. Includes statistics on rent, mortgages, healthcare, and other costs for Montgomery compared to the state and national averages.

Cost of living in Montgomery, Illinois

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:

107 Cost of living index 1.1x higher vs US
#203 Cheapest in Illinois (of 336)
#3,261 Cheapest in the U.S. (of 6,489)
$325,541 Median home value
$1,984 Median rent
$103,734 Median income
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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.

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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

Services
Montgomery 98
Illinois avg 99
Groceries
Montgomery 99
Illinois avg 99
Health
Montgomery 131
Illinois avg 96
Housing
Montgomery 102
Illinois avg 101
Transportation
Montgomery 100
Illinois avg 99
Utilities
Montgomery 97
Illinois avg 101

Index where 100 = national average. Source: cost-of-living index 2026.

For more reading on cost of living around Illinois, check out:

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Source: Cost-of-living index 2026, normalized to US average = 100

Montgomery, IL Housing Cost Breakdown

$325,541Median Home Value
$1,984Median Rent
$103,734Median Income

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

6Overall SnackAbility
Jobs 8.5/10
Housing 8.5/10
Affordability 8.5/10
Diversity 8.5/10
Safety 8.5/10
Amenities 8.5/10
Education 8/10
Commute 4/10

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