Montgomery vs Raleigh

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Montgomery has the same purchasing power as $96,835 in Raleigh.

Conversely, $75,000 in Raleigh equals $58,088 in Montgomery.

Living in Montgomery vs Raleigh

Housing Costs

Montgomery's housing index of 49 is lower Raleigh's 107, translating to median home prices of $162,000 vs $370,000. The $208,000 difference in home prices means roughly $13,524 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,000/mo in Montgomery compared to $1,500/mo in Raleigh, a monthly difference of $500.

Grocery & Food Costs

Grocery expenses index at 99 in Montgomery and 100 in Raleigh. A household spending the national average of $475/month on groceries would pay approximately $470/month in Montgomery vs $475/month in Raleigh. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 115 in Montgomery and 94 in Raleigh. Monthly utility bills average approximately $460 in Montgomery vs $376 in Raleigh. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 78 in Montgomery and 108 in Raleigh. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 30-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $56,800 in Montgomery and $67,266 in Raleigh. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $71,899 and $65,947 respectively. Montgomery residents enjoy stronger real purchasing power despite lower nominal wages.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,325/month to housing in Montgomery vs $1,570/month in Raleigh. In Montgomery, median rent of $1,000/mo fits within this budget. In Raleigh, median rent of $1,500/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 58 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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