Cost of Living in Montgomery, AL
Population: 198,440 • 2026 Data
$55,687
Median Household Income
-28% vs national
$1,059
Median Monthly Rent
-21% vs national
$148,500
Median Home Value
-56% vs national
6.3%
Unemployment Rate
Housing in Montgomery
The median home value in Montgomery, AL is $148,500. Monthly rent for a typical unit averages $1,059, while total monthly housing costs (including utilities and insurance) average $1,023.
Rent-to-income ratio: 22.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Montgomery, AL is $55,687. The unemployment rate stands at 6.3%, with a labor force of 93,419 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.