Cost of Living in Montgomery County, MO

How far does a $70,000 salary go in Montgomery County? Estimated income taxes on that gross salary total approximately $9,721 per year — combining federal taxes with Missouri's state income tax. Subtract rent for a 2-bedroom apartment ($888/month based on HUD Fair Market Rents for the Montgomery County metro area) and the estimated annual take-home is $49,623, or roughly $4,135 per month for everything else: food, transportation, savings, and discretionary spending.

At a $70,000 salary, the estimated 2-bedroom rent in Montgomery County represents approximately 15% of gross income. That is well within the 30% rule of thumb that financial advisors typically recommend, leaving significant room for savings and discretionary spending.