Montgomery, IL
Discover how far your salary goes in Montgomery. Compare taxes, rent, and living costs.
20,262
5.0%
$1,463
/month
+5%
above avg
How far would your salary go in Montgomery?
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Rent Prices in Montgomery
Studio
$1,170
/month
$14,040/year
1 Bedroom
$1,463
/month
$17,556/year
2 Bedroom
$1,975
/month
$23,700/year
3 Bedroom
$2,560
/month
$30,720/year
Taxes in Illinois
State Income Tax
Illinois
For a $100k salary, that's ~$4,950/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Montgomery, IL?▼
Montgomery has a cost of living index of 125, which is 25% above the national average. A 1-bedroom apartment costs around $1,463/month.
What is the state income tax in Illinois?▼
Illinois has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.
How much is rent in Montgomery?▼
The median rent for a 1-bedroom apartment in Montgomery is $1,463/month. For a 2-bedroom, expect to pay around $1,975/month. This is 5% above the national average.
Is Montgomery a good place to live?▼
Montgomery is a town with a population of 20,262. The cost of living is above average, making it more expensive than average for the US.
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