Salary Needed to Live in Montgomery as a Family
A family of four (2 adults, 2 children) needs approximately $48,280/year to live comfortably in Montgomery, AL — including 15% savings.
Comfortable Salary
$48,280
with 15% savings
Bare Minimum
$38,624
no savings buffer
Monthly Expenses
$2,414
18% below national avg
Detailed Monthly Budget for a Family in Montgomery
| Expense | Montgomery | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $157 | $209 | -25% |
| 🛒 Groceries | $49 | $44 | +11% |
| ⚡ Utilities | $20 | $28 | -29% |
| 🚗 Transportation | $35 | $44 | -20% |
| 🛡️ Car Insurance | $143 | $223 | -36% |
| 🏥 Health Insurance | $53 | $56 | -5% |
| Childcare/After-school | $1,008 | $1,200 | -16% |
| Internet + Phones | $151 | $180 | -16% |
| Children Activities | $210 | $250 | -16% |
| Dining Out | $294 | $350 | -16% |
| School Supplies & Clothing | $168 | $200 | -16% |
| Healthcare Co-pays | $126 | $150 | -16% |
| Total Monthly | $2,414 | $2,934 | -18% |
How We Calculated the Salary
Monthly expenses:$2,414
Target savings (15%):$533/mo
Monthly after-tax needed:$2,947
Effective tax rate:25%
Gross annual salary needed:$48,280
Other Household Types in Montgomery
Related Pages
FAQ
What salary does a family with kids need in Montgomery?
A family with kids needs approximately $48,280/year ($4,023/month gross) to live comfortably in Montgomery with a 15% savings rate.
How much is rent for a family with kids in Montgomery?
A 3br apartment/house in Montgomery costs approximately $157/month, which is the largest single expense at 7% of the total budget.
Is Montgomery affordable for a family with kids?
Yes, Montgomery is 18% more affordable than the national average for a family with kids.