Montgomery, IL, has a cost of living index that is slightly below the nationwide average. The overall index stands at 94, which is 6% lower than the national average of 100. This means that, on average, expenses in Montgomery are more affordable for residents.
Specifically, housing costs in Montgomery are 12% lower than the national average, while groceries are only 5% less expensive. Utilities, transportation, healthcare, and miscellaneous costs are also slightly below the national average, making Montgomery a cost-effective place to live.
Montgomery, Illinois, offers a cost of living that is slightly lower than the nationwide average. The housing index in Montgomery stands at 88, which is 12% below the national average of 100. This suggests that housing costs in Montgomery are more affordable, making it an attractive option for those looking to save on their living expenses.
In addition to housing, the grocery index in Montgomery is 95, which is 5% below the national average. This indicates that groceries in Montgomery are also more affordable compared to the rest of the country. The transportation index, at 97, is just 3% below the national average, showing that commuting costs are nearly on par with the nationwide average. Healthcare costs in Montgomery are slightly lower, with an index of 92, which is 8% below the national average. Miscellaneous expenses, with an index of 90, are 10% lower than the national average. Overall, Montgomery provides a cost of living that is competitive and often more favorable than the average American city.
