Cost of Living in Montgomery County, Ohio

$968/mo
Median Monthly Rent
$167,400
Median Home Value
11% above state averageUnaffordable

At a Glance

Median Monthly Rent
$968/mo
11% above state average
Median Home Value
$167,400
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$968/mo
Ohio Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$968/mo
Median Gross Rent
$167,400
Median Home Value
$1,064/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Montgomery County, Ohio

Montgomery: Above the National Affordability Line

Renters in Montgomery County spend 18.0% of their income on rent, slightly above the national benchmark of 15% but reflecting the county's median household income of $64,403—about 14% below the national average of $74,755. While housing costs are higher here than in many rural Ohio counties, they remain more accessible than in coastal metros where rent-to-income ratios often exceed 25%.

Montgomery Ranks Mid-Pack in Ohio

At 18.0%, Montgomery's rent-to-income ratio exceeds Ohio's state average of 15.6%, placing it in the less affordable half of the state's counties. The median rent of $968 per month also runs $95 above the state median, a difference driven by Montgomery's size and economic activity as a mid-sized urban county.

Pricier Than Rural Neighbors

Montgomery's $968 median rent substantially outpaces nearby rural counties like Morrow ($942) and Muskingum ($811), though homeownership costs are comparable—Montgomery's median owner cost of $1,064 sits between Morrow's $1,097 and Muskingum's $888. The trade-off reflects Montgomery's denser job market and urban amenities, drawing higher rental demand.

Housing Absorbs Nearly One-Fifth of Income

For renters, the $968 monthly rent consumes roughly 18% of the median household income, while homeowners allocate about 20% of income toward their $1,064 monthly owner cost. Together, these figures reveal that housing remains the largest single expense for most Montgomery County households, leaving limited discretionary income for other necessities.

Consider Montgomery for Urban Amenities

If you're relocating to Ohio, Montgomery offers more jobs and services than rural counties but at a measurable affordability cost. Renters prioritizing walkability and employment options should compare Montgomery's 18.0% rent-to-income ratio against more rural options like Paulding (13.2%) or Perry (13.5%), where housing is cheaper but opportunities are fewer.

Affordability Calculator

See how your income compares to housing costs in Montgomery County

$

Rent Burden

18.0%

of gross income

Max Housing (28% Rule)

$1,503

per month

Owner Cost Burden

19.8%

of gross income

You can likely afford the median home in Montgomery County

Median home value is $167,400. Estimated monthly cost: $1,336 vs. your max of $1,503.

Rent Affordability Guide

Your rent-to-income ratio18.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Montgomery County, Ohio?
Montgomery County, Ohio has a median monthly rent of $968/mo and a median home value of $167,400. 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 $968/mo. This is 11% above state average for Ohio.
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 $968/mo is 11% above state average of $873/mo for Ohio.
What is the median home value in Montgomery County?
The median home value in Montgomery County, Ohio is $167,400. This is 41% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.