Montgomery, OH vs Richfield, OH

The cost of living difference between Montgomery, OH and Richfield, OH is dramatic. Richfield is 37.5% cheaper than Montgomery, a gap that translates to thousands of dollars per year in household expenses. Montgomery has a cost index of 120 while Richfield sits at 87, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Montgomery is $1,507/month compared to $1,019/month in Richfield — a 48% difference. Home values follow the same pattern: Richfield is more affordable at $292,000 median vs $505,800.

Median household income in Montgomery is $148,438 compared to $78,426 in Richfield (+89.3%). While Montgomery is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montgomery spend roughly 12.2% of their income on rent, less than the 15.6% in Richfield.