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Mount Sterling, KY

Cost of living in Montgomery County, KY

Estimated monthly cost
$2,604/mo
for a single person, all categories combined

Population 28,271 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $661 25%
Healthcare $480 18%
Federal tax $456 18%
Transport $320 12%
Groceries $312 12%
Energy $194 7%
State tax $126 5%
Water $55 2%

Rent in Montgomery County

Fair Market Rents by bedroom count.

Studio
$624
per month
1 bedroom
$661
per month
2 bedroom
$867
per month
3 bedroom
$1,145
per month
4 bedroom
$1,149
per month

Source: HUD FMR FY2025

Income and earnings in Montgomery County

Annual earnings figures from the Census ACS.

Household income
$57,468
per year
Individual earnings
$37,917
per year
Per capita
$28,562
per year

Source: ACS 2019-2023 5-Year.

Home values in Montgomery County

Average values reported by homeowners.

Average home value
$163,800
Annual property tax
$1,222

Source: ACS 2019-2023 5-Year

Energy costs in Montgomery County

Estimated monthly electricity and gas costs.

Electricity
$140
per month · 13.3¢/kWh
Natural gas
$54
per month
Annual total
$2,328
per year

Source: EIA

Healthcare in Montgomery County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
8.0%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Montgomery County

State and local tax rates for Kentucky.

State income tax
4.0%
Flat rate
State sales tax
6.0%
Combined sales tax
6.0%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Montgomery County

Commute patterns and estimated costs.

Average commute
25.8 min
Drive alone
83.1%
Public transit
0.1%
Work from home
7.1%

Source: ACS

Monthly cost estimates for Montgomery County

What it costs to live in Montgomery County each month.

Single person
$2,604
per month
  • Rent $661
  • Energy $194
  • Water $55
  • Groceries $312
  • Transport $320
  • Healthcare $480
  • Federal tax $456
  • State tax $126
Couple
$3,768
per month
  • Rent $867
  • Energy $233
  • Water $65
  • Groceries $517
  • Transport $420
  • Healthcare $864
  • Federal tax $610
  • State tax $192
Family
$6,167
per month
  • Rent $1,145
  • Energy $291
  • Water $75
  • Groceries $784
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $610
  • State tax $192

Frequently asked questions about Montgomery County

Common questions about cost of living, rent and salary.

What is the average rent in Montgomery County?

In Montgomery County, KY, a one-bedroom apartment averages $661 per month, a two-bedroom averages $867 per month, a three-bedroom averages $1,145 per month, according to HUD Fair Market Rent data.

What is the average salary in Montgomery County?

In Montgomery County, KY, the average household income is $57,468 per year and individual earnings for full-time workers average $37,917 per year, according to U.S. Census Bureau data.

What is the cost of living in Montgomery County?

The estimated cost of living in Montgomery County, KY is approximately $2,604 per month for a single person, $3,768 for a couple, $6,167 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Montgomery County?

The combined sales tax rate in Montgomery County, KY is 6.00%, which includes the Kentucky state rate of 6.00% plus an average local rate of 0.00%.

Is Montgomery County an affordable place to live?

Based on the data, a single person in Montgomery County, KY would need approximately $2,604 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $57,468 per year ($4,789 per month). Montgomery County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Montgomery County?

The ACA marketplace benchmark premium in Montgomery County, KY is approximately $480 per month for an individual. Approximately 8.0% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Montgomery County?

The average home value in Montgomery County, KY is $163,800, with average annual property taxes of $1,222, according to U.S. Census Bureau data.

How does Montgomery County compare to other areas?

You can compare Montgomery County, KY with any other US county using our comparison tool at /compare. Montgomery County is in the Mount Sterling, KY metro area.

Other counties in Kentucky

Browse the full list of counties in Kentucky, ranked by cost of living.

See all counties in Kentucky

Compare Montgomery County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources