Discretionary Income in Montgomery, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Montgomery, AL is ranked 42nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Montgomery, AL
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,162
Discretionary Income
$3,567
With a gross annual salary of $100,000 in Montgomery, AL, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Montgomery is $3,162, you would have around $3,567 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Montgomery, AL, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Montgomery, AL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Montgomery, AL |
|---|---|
| $30,000 | -$930 |
| $40,000 | -$238 |
| $50,000 | $453 |
| $60,000 | $1,133 |
| $70,000 | $1,742 |
| $80,000 | $2,350 |
| $90,000 | $2,958 |
| $100,000 | $3,567 |
| $110,000 | $4,174 |
| $120,000 | $4,765 |
| $130,000 | $5,357 |
| $140,000 | $5,949 |
| $150,000 | $6,540 |
| $175,000 | $8,019 |
| $200,000 | $9,472 |
| $250,000 | $12,084 |
| $300,000 | $14,584 |
| $350,000 | $17,084 |
| $400,000 | $19,584 |
| $450,000 | $22,084 |
| $500,000 | $24,584 |
Discretionary Income in Montgomery, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Montgomery, AL is ranked 61st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Montgomery, AL
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$2,109
Discretionary Income
$4,620
With a gross annual salary of $100,000 in Montgomery, AL, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Montgomery is $2,109, singles would have around $4,620 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Montgomery, AL, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Montgomery, AL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Montgomery, AL |
|---|---|
| $30,000 | $123 |
| $40,000 | $815 |
| $50,000 | $1,507 |
| $60,000 | $2,186 |
| $70,000 | $2,795 |
| $80,000 | $3,403 |
| $90,000 | $4,011 |
| $100,000 | $4,620 |
| $110,000 | $5,227 |
| $120,000 | $5,818 |
| $130,000 | $6,410 |
| $140,000 | $7,002 |
| $150,000 | $7,593 |
| $175,000 | $9,073 |
| $200,000 | $10,525 |
| $250,000 | $13,138 |
| $300,000 | $15,638 |
| $350,000 | $18,138 |
| $400,000 | $20,638 |
| $450,000 | $23,138 |
| $500,000 | $25,638 |
Discretionary Income in Montgomery, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Montgomery, AL is ranked 34th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Montgomery, AL
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,091
Discretionary Income
$3,637
With a gross annual salary of $100,000 in Montgomery, AL, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Montgomery is $3,091, couples would have around $3,637 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Montgomery, AL, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Montgomery, AL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Montgomery, AL |
|---|---|
| $30,000 | -$860 |
| $40,000 | -$168 |
| $50,000 | $524 |
| $60,000 | $1,204 |
| $70,000 | $1,812 |
| $80,000 | $2,420 |
| $90,000 | $3,029 |
| $100,000 | $3,637 |
| $110,000 | $4,244 |
| $120,000 | $4,836 |
| $130,000 | $5,427 |
| $140,000 | $6,019 |
| $150,000 | $6,611 |
| $175,000 | $8,090 |
| $200,000 | $9,542 |
| $250,000 | $12,155 |
| $300,000 | $14,655 |
| $350,000 | $17,155 |
| $400,000 | $19,589 |
| $450,000 | $22,006 |
| $500,000 | $24,423 |
Discretionary Income in Montgomery, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Montgomery, AL is ranked 40th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Montgomery, AL
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$3,075
Discretionary Income
$3,915
With a gross annual salary of $100,000 in Montgomery, AL, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Montgomery is $3,075, single parents would have around $3,915 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Montgomery, AL, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Montgomery, AL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Montgomery, AL |
|---|---|
| $30,000 | -$776 |
| $40,000 | -$74 |
| $50,000 | $618 |
| $60,000 | $1,309 |
| $70,000 | $2,001 |
| $80,000 | $2,693 |
| $90,000 | $3,307 |
| $100,000 | $3,915 |
| $110,000 | $4,523 |
| $120,000 | $5,125 |
| $130,000 | $5,717 |
| $140,000 | $6,308 |
| $150,000 | $6,900 |
| $175,000 | $8,379 |
| $200,000 | $9,858 |
| $250,000 | $12,503 |
| $300,000 | $15,008 |
| $350,000 | $17,508 |
| $400,000 | $20,008 |
| $450,000 | $22,508 |
| $500,000 | $25,008 |
Discretionary Income in Montgomery, AL in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Montgomery, AL is ranked 40th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Montgomery, AL
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$4,372
Discretionary Income
$2,858
With a gross annual salary of $100,000 in Montgomery, AL, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Montgomery is $4,372, families would have around $2,858 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Montgomery, AL, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Montgomery, AL in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Montgomery, AL |
|---|---|
| $30,000 | -$2,016 |
| $40,000 | -$1,308 |
| $50,000 | -$600 |
| $60,000 | $91 |
| $70,000 | $783 |
| $80,000 | $1,475 |
| $90,000 | $2,166 |
| $100,000 | $2,858 |
| $110,000 | $3,550 |
| $120,000 | $4,218 |
| $130,000 | $4,826 |
| $140,000 | $5,434 |
| $150,000 | $6,043 |
| $175,000 | $7,563 |
| $200,000 | $9,084 |
| $250,000 | $12,073 |
| $300,000 | $15,032 |
| $350,000 | $17,990 |
| $400,000 | $20,894 |
| $450,000 | $23,519 |
| $500,000 | $26,120 |