Cost of Living: Montgomery, AL vs New York, NY

Quick rent-and-take-home comparison

Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Montgomery, AL versus $4,116/mo in New York, NY. In the model, rent is about 15.43% of gross in Montgomery, AL versus 25.92% in New York, NY, so Montgomery, AL tends to feel more affordable for rent.

Take-home in Montgomery, AL

$4,224/mo

Income level: above

Take-home in New York, NY

$4,116/mo

Income level: below

Rent share (1BR) in Montgomery, AL

15.43%

COLI tier: lower-cost

Rent share (1BR) in New York, NY

25.92%

COLI tier: very high-cost

Compare cost of living, rent, housing prices, and salary affordability between Montgomery, AL and New York, NY.

At a glance

Cheaper overall (lower cost-of-living index): Montgomery, AL
Lower rent (median 1BR/2BR): Montgomery, AL
Lower home prices: Montgomery, AL
Higher median household income: New York, NY

Cost of Living Index

Montgomery, AL: 83.2 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)

Montgomery, AL has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.

Median Rent

Montgomery, AL: $1,006/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo

Median rent in New York, NY is $684/mo higher than in Montgomery, AL.

Median Home Price

Montgomery, AL: $148,500 · New York, NY: $751,700

Median home price in New York, NY is $603,200 higher than in Montgomery, AL.

Median Household Income

Montgomery, AL: $55,687 · New York, NY: $79,713

New York, NY has a higher median household income than Montgomery, AL by $24,026.

Montgomery, AL overview · New York, NY overview · Popular comparisons