Cost of Living in Montgomery County, Virginia
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, Virginia
Montgomery rents pinch compared to nation
At 20.4%, Montgomery County's rent-to-income ratio exceeds both the Virginia state average (18.6%) and signals tighter affordability than the national landscape. With a median household income of $70,769—below the national median of $74,755—housing costs take a larger slice of paychecks here.
Below-average affordability statewide
Montgomery ranks in Virginia's less affordable half, with a rent-to-income ratio 1.8 points above state average and median rent $66 higher than the state median of $1,140. The combination of lower incomes and higher rents places affordability pressure on renters throughout the county.
Higher rents than most rural peers
Montgomery's $1,206 median rent significantly exceeds nearby Nelson County ($950) and Northampton County ($780), though the county offers stronger income prospects than those neighbors. Compared to Middlesex County's $1,071 rent, Montgomery renters pay roughly $135 more monthly for comparable housing.
Housing absorbs more than one-fifth of income
Renters dedicate $1,206 monthly to housing on a median income of $70,769, consuming over 20% of household earnings. Homeowners face a somewhat lighter burden at $996 monthly, or about 17% of income, reflecting the county's mixed affordability picture.
Consider lower-cost alternatives nearby
If affordability is your priority, Montgomery County's 20.4% rent-to-income ratio suggests exploring nearby Nelson or Northampton counties first. However, if you need Montgomery's employment and service networks, factor the higher housing costs into your relocation budget—plan for roughly $1,200 monthly rent.
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
20.4%
of gross income
Max Housing (28% Rule)
$1,651
per month
Owner Cost Burden
16.9%
of gross income
The median home in Montgomery County may be a stretch
Median home value is $283,600. Estimated monthly cost: $2,264 vs. your max of $1,651.
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.