Cost of Living: Montgomery, AL vs Elizabeth, NJ (2026)

Montgomery

Alabama
64
VS

Elizabeth

New Jersey
112

Montgomery is 43% cheaper than Elizabeth.

$1,059/mo ↓ 28%
Median Rent
$1,463/mo ↑ 38%
$55,687/yr ↓ 13%
Median Income
$63,874/yr ↑ 15%
$148,500 ↓ 62%
Home Value
$393,500 ↑ 165%
$1,023/mo ↓ 34%
Owner Costs
$1,543/mo ↑ 51%
198,440
Population
135,887

Tax Comparison

5.0%
Income Tax
10.75%
4.0%
State Sales Tax
6.625%
0.41%
Property Tax
2.23%

Affordability

22.8%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Montgomery, AL and Elizabeth, NJ, the overall cost of living indices are 64 and 112 respectively (national median = 100). Rent is $404/month cheaper in Montgomery, saving renters about $4,848/year.

Median household income is $8,187/year higher in Elizabeth. Home values also differ significantly — the median in Montgomery is $148,500 compared to $393,500 in Elizabeth.

Alabama has a lower income tax rate, making Montgomery slightly more tax-friendly.

Frequently Asked Questions

Montgomery vs Elizabeth — common questions

Is Montgomery or Elizabeth cheaper to live in?
Based on our cost index, Montgomery is cheaper to live in with an index of 64 compared to 112 (US average = 100).
What is the rent difference between Montgomery and Elizabeth?
Median rent in Montgomery is $1,059/month and in Elizabeth it's $1,463/month — a difference of $404/month.
Which city has higher income, Montgomery or Elizabeth?
Median household income is $55,687 in Montgomery and $63,874 in Elizabeth. Median household income is $8,187/year higher in Elizabeth.
How do taxes compare between Alabama and New Jersey?
Alabama has 5.0% income tax, 4.0% sales tax, and 0.41% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Montgomery or Elizabeth?
It depends on your priorities. Montgomery has a cost index of 64 with median rent of $1,059/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Montgomery details → View Elizabeth details →

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