salaryRent is higher than in 84% of U.S. cities. A typical house costs about 3.8 years of household income. Commutes are long, about 32.6 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $97,400 a year. That is $47 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
No. Rent here is more expensive than in most of Maryland. It is number 155 of 200 cities from cheapest to most expensive.
How much do households earn in Montgomery Village?
Share of households by yearly income. 37.2% of households earn $100,000 or more.
Rent by apartment size in Montgomery Village
| Size | Montgomery Village | U.S. average |
|---|---|---|
| Studio | $1,545 | $1,338 |
| 1 bedroom | $1,912 | $1,324 |
| 2 bedrooms | $1,983 | $1,509 |
| 3 bedrooms | $2,233 | $1,698 |
| 4 bedrooms | $2,652 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Montgomery Village overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Montgomery Village, so the Maryland figure is shown.
Taxes and bills in Montgomery Village
Life in Montgomery Village
Is it cheaper to rent or buy in Montgomery Village?
Renting is cheaper right now: about $263 a month less.
Owning assumes a typical $388,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,890 for the down payment.
Frequently asked questions
What is the average rent in Montgomery Village, MD?
Renting in Montgomery Village costs a median of about $2,435 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Montgomery Village?
To keep rent under 30% of income, you need about $97,400 a year, or $47 an hour at a full-time job.
Is Montgomery Village cheap or expensive?
Montgomery Village is rated OK: rent takes 28.4% of the typical household income of $102,833. It ranks 155th cheapest of 200 Maryland cities we track.
How much are property taxes in Montgomery Village?
The median homeowner in Montgomery Village pays $3,025 a year in property taxes, about 0.78% of the median home value.
Is Montgomery Village more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Montgomery Village?
The median home value in Montgomery Village is $388,900, about 3.8 times the typical yearly household income.
34,110 people live in Montgomery Village. Numbers are typical (middle) values.