Cost of living
Montgomery, Ohio
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Montgomery, OH is #10 on the list Top 100 Most Educated Cities in America in 2023, #13 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2023, #54 on the list Top 100 Best Places to Raise a Family in the Midwest in 2023, #49 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2022, #90 on the list Top 100 Most Educated Cities in America in 2022
Cost of living in Montgomery, Ohio
Cost of living compared to USAmoderate
Cost of living compared to Ohiothe highest
Median household incomethe highest
Is it expensive to live in Montgomery, Ohio? When calculating the cost of living in Montgomery, Ohio we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Montgomery, Ohio is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio, while median household income in Montgomery is $118,977 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio.
Taxes in Montgomery, Ohio
The sales tax rate in Montgomery, Ohio is 7.8%. Last year, the average property taxes paid was 1.8% Montgomery, Ohio.
Here is the table with the State Income Taxes in the state of Ohio:
State Income Tax Brackets (Single):
| Income Bracket Threshold | Income Bracket Ceiling | Ohio Income Tax Rate |
|---|---|---|
| $0 | $25,000 | 0.0% |
| $25,000 | $44,250 | 2.765% |
| $44,250 | $88,450 | 3.226% |
| $88,450 | $110,650 | 3.688% |
| $110,650 | $9,999,999 | 3.99% |
State Income Tax Brackets (Married):
| Income Bracket Threshold | Income Bracket Ceiling | Ohio Income Tax Rate |
|---|---|---|
| $0 | $25,000 | 0.0% |
| $25,000 | $44,250 | 2.765% |
| $44,250 | $88,450 | 3.226% |
| $88,450 | $110,650 | 3.688% |
| $110,650 | $9,999,999 | 3.99% |
Housing costs in Montgomery, Ohio
The average cost of a single-family home compared to USAhigh
The average cost of a single-family home compared to Ohiothe highest
In Montgomery, Ohio, 89.0% of the population owns their homes, while approximately 11.0% rent. The average cost of a single-family home in Montgomery, Ohio in 2022 is $308,821 which is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Ohio. The average one-bedroom apartment cost is approximately $1,131 per month.
| Rental Size | Monthly Cost | Compared to Ohio |
|---|---|---|
| 1 Bedroom | $1,131 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 2 Bedroom | $1,480 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 3 Bedroom | $1,982 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
| 4 Bedroom | $2,229 | the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Pros and Cons of living in Montgomery, Ohio in reviews from users in their own words:
| Pros | Cons |
|---|---|
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