The cost of living in Montgomery, NY, shows a balanced approach compared to the nationwide average, which is set at 100. Housing costs are relatively lower, with an index of 95, meaning it costs 5% less here than the national average. In contrast, groceries and healthcare indexes are higher, at 105 and 102, respectively, indicating 5% and 2% more expensive than the average.
Utilities also follow a similar trend, with an index of 95, suggesting a 5% decrease in cost. Transportation and miscellaneous costs also align closely with the national average, standing at 98 and 100, respectively. These figures illustrate that Montgomery, NY, offers a slightly lower cost of living in some categories, making it an attractive location for budget-conscious professionals.
The cost of living in Montgomery, NY, is slightly lower than the nationwide average, which is set at 100. Housing in Montgomery is 95% of the national average, suggesting that residents can find more affordable homes. Lower housing costs can help ease the overall financial burden for families and individuals.
When it comes to groceries, Montgomery's cost is slightly higher at 105% of the national average. Although grocery expenses are marginally elevated, the overall difference is modest. Utilities in Montgomery are also lower, coming in at 95% of the national average, providing a savings opportunity. Transportation costs sit at 98%, which means residents may spend a little less on getting around. Healthcare costs are close to the national average at 102%, and miscellaneous expenses are exactly at par with the nationwide average of 100%. This balanced cost structure makes Montgomery a potentially attractive option for those looking to manage their living expenses effectively.
