Cost of Living in Montgomery County, Indiana

$827/mo

Median Monthly Rent

$166,300

Median Home Value

6% below state averageUnaffordable

At a Glance

Median Monthly Rent

$827/mo

6% below state average

Median Home Value

$166,300

41% below national

Rent-to-Income Ratio

28.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Montgomery County Compares

Median monthly rent comparison

Montgomery County$827/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$827/mo

Median Gross Rent

$166,300

Median Home Value

$951/mo

Monthly Owner Cost

28.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Montgomery County, Indiana

Montgomery County beats national affordability

Montgomery County renters spend 14.9% of income on housing, below both the national threshold and Indiana's 15.6% state average. With a median household income of $66,571—just shy of the national median—the county delivers strong affordability relative to earnings.

Better than Indiana average

At 14.9%, Montgomery County's rent-to-income ratio outperforms the state average of 15.6%, marking it as one of Indiana's more affordable counties. The $827 median rent runs $56 below state average, contributing to this advantage.

Solid affordability in a regional range

Montgomery County's $827 rent sits between Martin County's unbeatable $643 and Monroe County's steep $1,151, occupying the lower-middle range. The county offers better affordability than Marion, Monroe, and Newton Counties while remaining slightly more expensive than Martin County.

Montgomery's efficient housing spending

Renters earning Montgomery County's $66,571 median income pay $827 monthly, dedicating just 14.9% to housing. Homeowners with a median home value of $166,300 face $951 in monthly costs—a manageable burden in context of county incomes.

Smart affordability in central Indiana

Montgomery County offers genuine affordability advantages for families earning middle-range Indiana incomes without requiring relocation to rural areas. It balances housing costs with community access, making it an attractive option for those seeking Indiana value.

Affordability Calculator

See how your income compares to housing costs in Montgomery County

Your Annual Household Income

Rent Burden

14.9%

of gross income

Max Housing (28% Rule)

$1,553

per month

Owner Cost Burden

17.1%

of gross income

You can likely afford the median home in Montgomery County

Median home value is $166,300. Estimated monthly cost: $1,328 vs. your max of $1,553.

Rent Affordability Guide

Your rent-to-income ratio14.9%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Montgomery County, Indiana?

Montgomery County, Indiana has a median monthly rent of $827/mo and a median home value of $166,300. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.

What is the median rent in Montgomery County?

The median gross rent in Montgomery County is $827/mo. This is 6% below state average for Indiana.

Is Montgomery County affordable?

Montgomery County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Montgomery County's rent compare to the state average?

Montgomery County's median rent of $827/mo is 6% below state average of $883/mo for Indiana.

What is the median home value in Montgomery County?

The median home value in Montgomery County, Indiana is $166,300. This is 41% below the national median home value of $281,900.