Calculate using real Montgomery data. Median home price: $155,000. Property tax rate: 0.39%.
Montgomery, AL has a cost of living index of 82, where 100 represents the national average. This means living in Montgomery is 18% less expensive the national average.
The median household income in Montgomery, AL is $43,310. Combined with a cost of living index of 82, this provides a picture of purchasing power in the area.
The median home price in Montgomery, AL is $155,000 with a property tax rate of 0.39%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $984.