Cost of Living in Montgomery County, New York
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Montgomery County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Montgomery County, New York
Montgomery County matches state affordability
Renters spend exactly 17.6% of income on housing, matching New York's state average precisely, though household incomes are notably lower at $62,923. Median rent of $921 per month sits just below the state average of $1,133, but the lower income base makes the burden feel heavier for working families.
Middle tier affordability with lower incomes
Montgomery County's rent-to-income ratio mirrors the state average, but the county's lower-than-average median household income places it at a disadvantage compared to wealthier regions. At $62,923, the median household income trails the state's general profile, making housing feel less affordable on real terms.
Rent comparable, income lagging behind
Montgomery's $921 rent falls in the middle range of neighbors, but its $62,923 median income is the lowest among nearby counties—Lewis ($68,329), Livingston ($72,464), and Madison ($73,141) all earn more. This income disadvantage makes housing more burdensome, despite rent costs remaining reasonable.
Tight margins on modest incomes
With median household income of $62,923, residents spend roughly $11,052 yearly on rent (17.6%) and $12,012 on ownership costs if mortgaged. The lower income base means less discretionary spending available after housing costs compared to neighbors, creating tighter household budgets overall.
Montgomery County: affordable but income-conscious
Montgomery offers reasonable rents and homes near $141,600, but the lower median income of $62,923 suggests tight household budgets even at these moderate costs. Relocators should verify job prospects and wage levels carefully before moving; affordability here hinges heavily on finding well-compensated work.
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
17.6%
of gross income
Max Housing (28% Rule)
$1,468
per month
Owner Cost Burden
19.1%
of gross income
You can likely afford the median home in Montgomery County
Median home value is $141,600. Estimated monthly cost: $1,130 vs. your max of $1,468.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.