The small, charming city of Montgomery, Texas, is tucked away in the western portion of the Houston-The Woodlands-Sugar Land Metro area. Covering just over five square miles and home to just a few thousand people, Montgomery is the epitome of a close-knit community – and counted among the oldest towns in the state.
Even with its nearly 200 years of history, Montgomery has an even brighter future. In the past few years, this hidden gem has welcomed new residents drawn by its scenic surroundings, peaceful atmosphere, and many amenities. In the last decade, the city has grown by approximately 60%. And if you’re considering becoming one of the newest Montgomery residents, you’ll be pleased to learn that you can enjoy a high quality of life at an affordable cost here.
What is the average cost of living in Montgomery, TX?
How much does it cost to live in Montgomery, TX? When you compare various data sources, Montgomery is generally estimated to be equal to or more affordable than the average cost of living in the U.S. Some estimates state that the Montgomery cost of living is up to 10% less than the national average.
If you’re moving to Montgomery from a large city, such as San Francisco or Los Angeles, you will likely find that your expenses are far less here. Compared to other cities in the Houston-The Woodlands-Sugar Land metropolitan area, Montgomery tends to be slightly less expensive as well.
In calculating the cost of living in any city, several key factors are taken into account, including expenses such as:
- Goods and services
Montgomery’s cost of living can vary based on your lifestyle, priorities, and more. Using our cost of living guide gives you a good idea of how to budget for expenses – and how to plan for a potential move.
Housing costs in Montgomery
Data shows that Montgomery housing expenses tend to be on par with national averages, even with the constant shifts in the market.
In late 2022, the median home price in Montgomery was about $419,000, with homes and properties for sale ranging from $20,000 to several million dollars. Houses for sale in Montgomery cost about $185 per square foot.
Searching for homes for rent in Montgomery? The average rent is approximately $1,145 for a two-bedroom apartment, and you can find single-family homes for rent for $2,000 and up. The cost of housing in Montgomery is generally less expensive than rent prices in nearby cities like Magnolia and Willis.
If you’re considering rentals in Montgomery, it’s helpful to weigh the cost of rent vs. amenities. For example, our Lakeside Conroe rental homes in Montgomery are large, single-family homes situated around a lakefront park and a dog park. The monthly rent includes our comprehensive property management services so you can enjoy maintenance-free living – we manage landscaping, exterior care, and even interior chores such as replacing light bulbs and air filters.
Food costs in Montgomery
How much do groceries cost in Montgomery, TX? Experts estimate food expenses to be slightly below or equal to the U.S. average, so you can stock up on all the staples without going over budget. The price of groceries, including basics such as bread, milk, and chicken are usually significantly more affordable here.
If you’re going to dine out at one of the restaurants in Montgomery and the surrounding area, meal prices are also about average.
Utility costs in Montgomery
Montgomery’s utility cost is nearly 2% lower than the national average. During the winter, most residents’ electricity bills decrease significantly (due to the mild weather). In the summer, warm temperatures mean you’ll need to use your home’s air conditioning, which can translate into higher utility costs – but overall, the expenses tend to even out over the course of the year.
Transportation costs in Montgomery
Most residents of Montgomery utilize a personal vehicle to get around, which is common throughout Texas. Transportation expenses, such as gas prices in the area are often lower than the national average.
There are options for public transportation via Park and Ride services and the Conroe Connection, which are based in the neighboring community of Conroe.
Healthcare costs in Montgomery
Like most Texas cities, Montgomery’s healthcare costs are slightly above average. Of course, healthcare costs will be unique to your needs and whether or not you require specialized care. Routine preventative care is easily accessible in Montgomery and the nearby Houston metro area, as are a number of specialists for pediatric and adult care.
Goods and services costs in Montgomery
Goods and services, such as pet care, fitness, and personal care, are often equal to or slightly more expensive than they would be in other cities. This is a broad category that includes everything from your monthly gym membership to your dog’s regular appointment at the groomer. So, there is a significant amount of variability when it comes to goods and services expenses, depending on your lifestyle and spending habits.
Taxes in Montgomery
One of the major advantages of living in Texas is that you won’t pay state income tax, which means that residents receive more take-home pay than they might in other locations. Sales tax in Montgomery is 8.25%, as it is in most other Texas cities.
Another benefit to be aware of is the ability to shop tax-free during the state’s tax holiday weekends. These weekends are a fantastic opportunity to make large purchases, such as vehicles, furniture, and appliances, and save a significant amount of money.
How much do I need to earn to live in Montgomery, TX?
According to the MIT Living Wage Calculator, a single adult would need to earn about $16.95 per hour or $35,250 per year to live comfortably. The median household income is approximately $96,000 per year, and ample job opportunities in the area make it possible to enjoy a high quality of life.
Living in Montgomery, TX
Montgomery’s friendly, cozy community is one of the top places to live in Texas, just about an hour and a half from the heart of Downtown Houston. Residents reap the benefits of a quiet, small-town lifestyle while still enjoying big-city amenities within easy reach. You can choose to stay in town or venture into the bustling city and live in a city where historic charm and natural scenery surround you.
In the Wan Bridge built-to-rent master-planned community of Lakeside Conroe, spacious single-family homes offer a modern and luxurious place to call home. Open floor plans, upgraded finishes, and designer-inspired touches provide ample flexibility for families, young professionals, and retirees alike.
Please contact the Wan Bridge team today for more information about our Montgomery rentals, including currently available properties.