Cost of Living in Montgomery, TX

With a cost of living index of 106, Montgomery, TX is somewhat more expensive than average. Living here is 6% more expensive than the national average and 18% above the Texas state average of 88. Montgomery is a small community of 2,272 residents.

Housing costs are the biggest factor in Montgomery's cost of living. The median monthly rent is $1,342 (2% above the US median of $1,319), and the median home value sits at $366,600 (20% above the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Montgomery is $78,333, which is 4% higher than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Montgomery. The area sees an average annual temperature of 67.7°F, with summers averaging 82°F and winters around 53°F. Annual rainfall totals 47.7 inches spread over roughly 123 days.

Everyday prices in the Houston-Pasadena-The Woodlands, TX (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.