Median rent is 6% lower in New York ($1,779/mo vs $1,883/mo). Buying is cheaper in Montgomery Village, where the median home runs $367,100 versus $751,700. Households earn more in Montgomery Village ($96,487 vs $79,713 a year).
City A
Montgomery Village, MD
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Montgomery Village, MD?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Montgomery Village
Maryland
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in New York at $1,779/mo compared to $1,883/mo in Montgomery Village (6% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $367,100 in Montgomery Village — 51% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Maryland's top income tax rate is 5.75% versus 10.90% in New York, so Montgomery Village is more tax-friendly for high earners. Sales tax is 6.00% in Maryland and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Montgomery Village
Income tax: 5.75%
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Montgomery Village.
Pick Montgomery Village if you prioritize higher median household income ($96,487/yr).
Pick Montgomery Village if you prioritize lower state income tax (5.75%).
Is Montgomery Village cheaper than New York?
Cost of living index data is not yet available for one or both cities.
How much is rent in Montgomery Village vs New York?
Median rent is $1,883/mo in Montgomery Village, MD and $1,779/mo in New York, NY. New York, NY has the lower rent by about 6%.
Which has higher salaries — Montgomery Village or New York?
Median household income is $96,487 in Montgomery Village, MD and $79,713 in New York, NY. Montgomery Village, MD has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Montgomery Village or New York?
Maryland's top income tax rate is 5.75% and New York's is 10.90%. Montgomery Village, MD has the lower rate.
What salary do I need in New York to match my Montgomery Village income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology