salaryRent is higher than in 56% of U.S. cities. Household incomes are higher than in 92% of U.S. cities. A typical house costs about 3.3 years of household income. Most homes (90.1%) are owned, so rentals can be hard to find. It is a highly educated city: 73.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $71,000 a year. That is $34 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
No. Rent here is more expensive than in most of Ohio. It is number 244 of 288 cities from cheapest to most expensive.
How much do households earn in Montgomery?
Share of households by yearly income. 62.5% of households earn $100,000 or more.
Rent by apartment size in Montgomery
| Size | Montgomery | U.S. average |
|---|---|---|
| 1 bedroom | $1,429 | $1,324 |
| 2 bedrooms | $1,898 | $1,509 |
| 3 bedrooms | $3,526 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Montgomery overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Montgomery, so the Ohio figure is shown.
Taxes and bills in Montgomery
Life in Montgomery
Is it cheaper to rent or buy in Montgomery?
Renting is cheaper right now: about $2,007 a month less.
Owning assumes a typical $545,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $54,510 for the down payment.
Frequently asked questions
What is the average rent in Montgomery, OH?
Renting in Montgomery costs a median of about $1,775 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in Montgomery?
To keep rent under 30% of income, you need about $71,000 a year, or $34 an hour at a full-time job.
Is Montgomery cheap or expensive?
Montgomery is rated Cheap: rent takes 13.1% of the typical household income of $162,848. It ranks 244th cheapest of 288 Ohio cities we track.
How much are property taxes in Montgomery?
The median homeowner in Montgomery pays $8,614 a year in property taxes, about 1.58% of the median home value.
Is Montgomery more expensive than the national average?
Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Montgomery?
The median home value in Montgomery is $545,100, about 3.3 times the typical yearly household income.
10,855 people live in Montgomery. Numbers are typical (middle) values.