Cost of Living in Montross, VA

With a cost of living index of 79, Montross, VA is a very affordable place to live. Living here is 21% cheaper than the national average and 25% below the Virginia state average of 104. Montross is a small community of 436 residents.

Housing costs are the biggest factor in Montross's cost of living. The median monthly rent is $810 (39% below the US median of $1,319), and the median home value sits at $241,700 (21% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Montross is $71,500, which is 5% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.