Cost of Living in Montgomery Village, MD
Population 34,161 · Maryland · Data vintage 2023
(100 = US avg)
One of the defining characteristics of Montgomery Village is a long average commute — 36 minutes one way, compared to a national median of 27. The city's housing pricing is difficult to evaluate without factoring in that daily time cost. Unemployment has stayed elevated relative to the national figure — 7.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Montgomery Village sits roughly 20 miles west of Columbia. Median home values run roughly 24% lower than Columbia's $480,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Montgomery Village
The median home value in Montgomery Village is $367,100 — 20% above the national median of $305,000. Median rent runs $1,883/month, 43% higher than the national median of $1,314/month. The median household income of $96,487/year is 29% higher than the US median of $74,580. The local unemployment rate is 7.0%, above the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Montgomery Village has a cost of living index of 130 versus the US average of 100, meaning it is 30% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Montgomery Village, MD?
Montgomery Village has a cost index of 130 (100 = national average). It is 30% above the national average.
What is average rent in Montgomery Village, MD?
The median gross rent in Montgomery Village is $1,883 per month based on 2023 Census data.
What is the average home price in Montgomery Village?
The median home value in Montgomery Village is $367,100 according to Zillow and Census data.
What is the median income in Montgomery Village?
The median household income in Montgomery Village is $96,487 per year (2023 ACS 5-year estimates).
What is the sales tax in Montgomery Village, MD?
The combined state and local sales tax rate in Montgomery Village is 6.0%. The Maryland state income tax top rate is 5.8%.
Is Montgomery Village, MD affordable?
Montgomery Village is above average in cost of living, with an index of 130 — about 30% higher than the national average.
Montgomery Village at a Glance
- Population
- 34,161
- Median Income
- $96,487
- Home Value
- $367,100
- Median Rent
- $1,883/mo
- Unemployment
- 7.0%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Maryland Rankings
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