How much do households in the Montgomery, AL area spend on rent?
Refreshed annually
About $1,095, or 32% of their income, in 2020–2024. This is measured by comparing median, or average, rent and median monthly income for renting households.
$1.1K
median monthly rent in Montgomery, AL area (2020–2024)
32%
average share of income spent on rent in Montgomery, AL area (2020–2024)
Comparing rent to renter income provides one measure of rental affordability. The Montgomery, AL area’s median rent was about $1,095 per month in 2020–2024. Typical monthly income among renting households was about $3,423 per month during that same period.
A typical household spent about $1,095 on rent in the Montgomery, AL area.
Median gross rent and median renter household income, 2020–2024
Dividing rent by income provides what is called a rent-to-income ratio. A higher ratio of rent-to-income indicates rent is less affordable while a lower ratio indicates greater affordability.
The Department of Housing and Urban Development considers households with a rent-to-income ratio of more than 30%, that is, households that spend more than 30% their income on housing, to be cost-burdened. Cost-burdened households may have less money for other necessities such as food, healthcare, or savings. When median monthly rent is more than 30% of median monthly income, it means a typical household would meet the definition of housing cost-burdened.
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Do households in the Montgomery, AL area spend more or less on rent than other Alabama metros?
The Montgomery, AL area’s rent-to-income ratio ranked 5 out of 13 Alabama metros.
Ratio of median gross rent to median renter household income, 2020–2024
Compared to other metro areas in the state, the Montgomery, AL area had the fourth highest median rent and fifth highest median renter-household income. (Metro areas are made up of economically interconnected counties that include at least one urban area. A single metro area can include multiple cities and cross state lines.) Out of the 13 metros in the state, the Montgomery, AL area’s rent-to-income ratio ranked fifth highest.
Do households in the Montgomery, AL area spend more or less on rent than other mid-sized metros?
The mid-sized metro median rent-to-income ratio was 31.9%.
Ratio of median gross rent to median renter household income, 2020–2024
The Montgomery, AL area is a mid-sized metro, which has between 250,000 and 1 million people. Compared to other mid-sized metros, the Montgomery, AL area’s rent-to income ratio is similar to the average.
Renter income and rent, mid-sized metro areas (2020–2024)
| 1. | $6,707 | |
| 2. | $6,419 | |
| 3. | $6,399 | |
| 4. | $6,169 | |
| 5. | $6,112 | |
| 6. | $5,890 | |
| 7. | $5,855 | |
| 8. | $5,845 | |
| 9. | $5,484 | |
| 10. | $5,392 |
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
