Cost of Living in Montgomery, NY
Housing
The housing market plays a significant role in determining the cost of living in Montgomery, NY.
- Housing Index: 120.0 / 100
- Median Home Price is: $346000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1880 per month
In Montgomery, NY, the housing index stands at 120.0, indicating a higher cost of living compared to national averages. With a median home price of 346000, purchasing property may be less accessible for some buyers. Additionally, the average rent for a 2-bedroom apartment is at 1800, while renting a 2-bedroom house costs about 1880. It’s advisable to weigh your financial capacity against the living standards and amenities in the area before relocating. Keep in mind that competitive job opportunities and lifestyle factors may also influence your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Montgomery, NY.
- Electricity Price: $26.08 USD (median by state)
- Natural Gas Price: $18.13 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Montgomery, NY could entail higher utility costs. Electricity costs sit at $26.08, while natural gas is priced at $18.13 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Montgomery is a financially viable option for your relocation.