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Blacksburg-Christiansburg-Radford, VA

Cost of living in Montgomery County, VA

Part of the Blacksburg Metro Area

Estimated monthly cost
$2,879/mo
for a single person, all categories combined

Population 99,159 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $968 34%
Healthcare $480 17%
Federal tax $365 13%
Groceries $355 12%
Transport $320 11%
Energy $202 7%
State tax $134 5%
Water $55 2%

Rent in Montgomery County

Fair Market Rents by bedroom count.

Studio
$925
per month
1 bedroom
$968
per month
2 bedroom
$1,231
per month
3 bedroom
$1,647
per month
4 bedroom
$2,067
per month

Source: HUD FMR FY2025

Income and earnings in Montgomery County

Annual earnings figures from the Census ACS.

Household income
$70,769
per year
Individual earnings
$32,364
per year
Per capita
$36,009
per year

Source: ACS 2019-2023 5-Year.

Home values in Montgomery County

Average values reported by homeowners.

Average home value
$283,600
Annual property tax
$2,174

Source: ACS 2019-2023 5-Year

Energy costs in Montgomery County

Estimated monthly electricity and gas costs.

Electricity
$153
per month · 14.6¢/kWh
Natural gas
$49
per month
Annual total
$2,424
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
5.0%

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 Virginia.

State income tax
5.8%
Top marginal rate
State sales tax
5.3%
Combined sales tax
5.8%
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
17.8 min
Drive alone
70.3%
Public transit
3.3%
Work from home
12.4%

Source: ACS

Monthly cost estimates for Montgomery County

What it costs to live in Montgomery County each month.

Single person
$2,879
per month
  • Rent $968
  • Energy $202
  • Water $55
  • Groceries $355
  • Transport $320
  • Healthcare $480
  • Federal tax $365
  • State tax $134
Couple
$4,556
per month
  • Rent $1,231
  • Energy $242
  • Water $65
  • Groceries $588
  • Transport $420
  • Healthcare $864
  • Federal tax $828
  • State tax $318
Family
$7,134
per month
  • Rent $1,647
  • Energy $303
  • Water $75
  • Groceries $893
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $828
  • State tax $318

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, VA, a one-bedroom apartment averages $968 per month, a two-bedroom averages $1,231 per month, a three-bedroom averages $1,647 per month, according to HUD Fair Market Rent data.

What is the average salary in Montgomery County?

In Montgomery County, VA, the average household income is $70,769 per year and individual earnings for full-time workers average $32,364 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, VA is approximately $2,879 per month for a single person, $4,556 for a couple, $7,134 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, VA is 5.75%, which includes the Virginia state rate of 5.30% plus an average local rate of 0.45%.

Is Montgomery County an affordable place to live?

Based on the data, a single person in Montgomery County, VA would need approximately $2,879 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $70,769 per year ($5,897 per month). Montgomery County is relatively affordable compared to the national average.

How much does healthcare cost in Montgomery County?

The ACA marketplace benchmark premium in Montgomery County, VA is approximately $480 per month for an individual. Approximately 5.0% 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, VA is $283,600, with average annual property taxes of $2,174, according to U.S. Census Bureau data.

How does Montgomery County compare to other areas?

You can compare Montgomery County, VA with any other US county using our comparison tool at /compare. Montgomery County is in the Blacksburg-Christiansburg-Radford, VA metro area.

Other counties in Virginia

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

See all counties in Virginia

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