Montgomery Village, MD vs New Carrollton, MD

Montgomery Village, MD and New Carrollton, MD have a very similar cost of living, with only a 2.7% difference in their overall index. Montgomery Village scores 126 while New Carrollton scores 122 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Montgomery Village is $1,883/month compared to $1,745/month in New Carrollton — a 8% difference. Interestingly, home values tell a different story: while New Carrollton has cheaper rent, Montgomery Village actually has lower median home values ($367,100 vs $378,300).

Median household income in Montgomery Village is $96,487 compared to $80,292 in New Carrollton (+20.2%). While Montgomery Village 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 Village spend roughly 23.4% of their income on rent, less than the 26.1% in New Carrollton.

Climate-wise, New Carrollton is notably warmer with an average of 59.3°F compared to 55.7°F in Montgomery Village. Montgomery Village receives more rainfall at 43.2" per year compared to 41.8" in New Carrollton.