Living in Lake Montezuma, Arizona
Cost of living, income, home prices, rent and demographics of Lake Montezuma · Census data 2020–2024
Lake Montezuma has 4,929 residents with a median age of 61.5. The median household income is $64,455 (19% lower than the Arizona median), the median home value is $285,200, the median rent is $1,238/month.
Lake Montezuma at a glance
- Population
- 4,929
- Median age
- 61.5State: 39
- Median household income
- $64,455State: $79,964
- Median home value
- $285,200State: $394,500
- Median rent
- $1,238/moState: $1,543
- Homeowners
- 65.2%
- Bachelor's degree or higher
- 16.4%
- Average commute
- 31 min
Is Lake Montezuma a good place to live?
Pros: Home values 28% lower than the state median; unemployment of 2.4%; a poverty rate of 9.7%.
Cons: Median household income 19% lower than the Arizona median; an average commute of 31 minutes.
The weather is best in March to May and October.
Cost of living in Lake Montezuma
Housing is the biggest part of the cost of living. In Lake Montezuma the median home value is $285,200, 14% lower than the U.S. median. Renters pay a median of $1,238 per month, which is 22.1% of household income. Homeowners with a mortgage pay $1,394 a month in housing costs.
Lake Montezuma median household income
The median household income in Lake Montezuma is $64,455 and the income per person is $38,033. 9.7% of residents live below the poverty line (Arizona: 12.5%).
Housing in Lake Montezuma: homes for sale and rent
- Housing units
- 2,896
- Owner-occupied
- 65.2%
- Renter-occupied
- 34.8%
- Vacant
- 9.9%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 1.89
Lake Montezuma demographics
- Population
- 4,929
- Median age
- 61.5
- Under 18
- 6.2%
- 65 and older
- 41.8%
- Households
- 2,610
- Foreign-born
- 2.6%
- Veterans
- 15.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Lake Montezuma ›
Education in Lake Montezuma
16.4% of adults 25 and older in Lake Montezuma have a bachelor's degree or higher (Arizona: 33.3%), and 5.3% have a graduate or professional degree.
Jobs and commute in Lake Montezuma
- Unemployment rate
- 2.4%State: 5.1%
- Average commute
- 31 minState: 25 min
- Work from home
- 12.4%
- Drive alone
- 72.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.4%
Lake Montezuma vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Lake Montezuma | 4,929 | $64,455 | $285,200 | $1,238 |
| Camp Verde | 12,521 | $69,203 | $318,100 | $1,059 |
| Cornville | 3,618 | $72,596 | $367,100 | $1,560 |
| Village of Oak Creek (Big Park) | 6,356 | $80,878 | $741,100 | $1,786 |
| Verde Village | 11,930 | $69,331 | $354,200 | $1,173 |
| Cottonwood | 12,580 | $48,448 | $324,100 | $1,120 |
| Sedona | 9,777 | $73,738 | $786,800 | $1,448 |
| Clarkdale | 4,758 | $46,563 | $373,600 | $1,321 |
| Jerome | 231 | $40,096 | $386,800 | $957 |
More for people moving to Lake Montezuma
Lake Montezuma ZIP code ›Weather and climate ›Living in Lake Montezuma: FAQ
What is the median household income in Lake Montezuma, AZ?
The median household income in Lake Montezuma is $64,455, 19% lower than the Arizona median of $79,964 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Lake Montezuma?
The median home value in Lake Montezuma is $285,200, compared with $394,500 in Arizona.
How much is rent in Lake Montezuma?
The median gross rent in Lake Montezuma is $1,238 per month, about 22.1% of household income.
Is Lake Montezuma, AZ a good place to live?
Pluses: home values 28% lower than the state median; unemployment of 2.4%; a poverty rate of 9.7%. Minuses: median household income 19% lower than the Arizona median; an average commute of 31 minutes.
What is the median age in Lake Montezuma?
The median age in Lake Montezuma is 61.5 years (Arizona: 39).
How long is the commute in Lake Montezuma?
The average commute to work in Lake Montezuma is 31 minutes; 12.4% of workers work from home.
What is the unemployment rate in Lake Montezuma?
The unemployment rate in Lake Montezuma is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Lake Montezuma?
16.4% of adults in Lake Montezuma have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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