Montgomery, NY, has a higher cost of living compared to the nationwide average. The overall cost of living index in Montgomery stands at 102, which is 2% higher than the national average of 100. Housing costs are notably higher, with an index of 120, making it 20% more expensive than the national average. This increase suggests that job seekers should consider these higher expenses when planning their budget in Montgomery.
Montgomery, NY, shows a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Montgomery are notably higher, with an index of 120. This means that housing expenses are 20% more expensive than the national average. For job seekers considering this area, this increase could significantly impact their budget if they are planning to rent or buy a home.
Other expenses in Montgomery also reflect a higher cost of living. For instance, utilities have an index of 105, indicating a 5% increase over the national average. Groceries, while not as high, still show a 5% increase with an index of 95. Transportation costs are slightly lower, with an index of 90, meaning they are 10% cheaper than the national average. Healthcare costs remain on par with the national average at 100, offering some relief. Miscellaneous expenses, however, are 10% higher, with an index of 110. Overall, Montgomery presents a mixed picture with some areas being more affordable and others significantly more expensive.
