COST OF LIVING Montgomery Alabama
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Overall 75.8 82.3
Grocery 92.9 94.4
Health 106.4 102.2
Housing 36.4 55.9
Is Montgomery County expensive to live?
If you want to live in Montgomery County, you've got to a make a bit of money. Montgomery County families of four need to make $104,464 — or $8,705 a month — to attain a "modest yet adequate" standard of living, according to the EPI.6 May 2019
Is Montgomery Alabama low cost of living?
Montgomery, Alabama's cost of living is 8% lower than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
Is Montgomery TX expensive?
Montgomery is ranked 192 out of 273 cities across the US in terms of cost of living. The cost of living in Montgomery is 90.3% of the national average.
Is it expensive to live in Montgomery Alabama?
Cost of Living in Montgomery, Alabama by Expense Category Montgomery's housing expenses are 17% lower than the national average and the utility prices are 7% higher than the national average. Transportation expenses like bus fares and gas prices are 7% lower than the national average.
Is Montgomery a poor city?
Montgomery is a city located in Montgomery County Alabama. The average household income in Montgomery is $68,149 with a poverty rate of 20.63%. The median rental costs in recent years comes to $881 per month, and the median house value is $121,200.
Is Montgomery Alabama a good place to live?
With affordable home prices, inexpensive taxes and a low cost of living, Montgomery is a great city to stretch a salary or a pension. Family homes here cost lower than the national average, and Alabama has some of the lowest property tax rates in the nation.
How much does it cost to live comfortably in Alabama?
To retire comfortably in the state of Alabama starting today, you will need to have saved at least $65,000.
Is Montgomery Alabama a safe place to live?
Is Montgomery, AL Safe? The D- grade means the rate of crime is much higher than the average US city. Montgomery is in the 13th percentile for safety, meaning 87% of cities are safer and 13% of cities are more dangerous. The rate of crime in Montgomery is 55.56 per 1,000 residents during a standard year.
What's it like living in Montgomery Alabama?
An Affordable Place to Live & Work in the South For one, it's a budget-friendly option! The cost of living in Montgomery is 11% lower than the national average, and the cost of housing is 30% lower than the national average, with a median home price at $116,600 and median rent at $827.3 Nov 2021
Is Montgomery Alabama a poor city?
What is the poverty rate in Montgomery, Alabama? The poverty rate in Montgomery is 22.1%. One out of every 4.5 residents of Montgomery lives in poverty.
Is Alabama expensive to live in?
Living in Alabama is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 13.6% less than they do on average nationwide. Compared with all other states, Alabama has the third lowest overall cost of living.
What is the average living cost in Alabama?
COST OF LIVING Alabama United States
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Overall 82.3 100
Grocery 94.4 100
Health 102.2 100
Housing 55.9 100
Is living in Alabama cheap?
Alabama has one of the lowest housing costs in the country. Most people generally take for granted that Alabama has one of the lowest costs of living in the country. It turns out, however, that there are 11 states that are cheaper to call home than Alabama. Alabama was ranked the 12th least-expensive state.29 Dec 2016