Living in Montgomery Village, Maryland
Cost of living, income, home prices, rent and demographics of Montgomery Village · Census data 2020–2024
Montgomery Village has 34,110 residents with a median age of 37.6. The median household income is $95,348 (8% lower than the Maryland median), the median home value is $388,900, the median rent is $1,916/month.
Montgomery Village at a glance
- Population
- 34,110
- Median age
- 37.6State: 39.4
- Median household income
- $95,348State: $103,678
- Median home value
- $388,900State: $419,900
- Median rent
- $1,916/moState: $1,705
- Homeowners
- 67.5%
- Bachelor's degree or higher
- 42.8%
- Average commute
- 33 min
Is Montgomery Village a good place to live?
Pros: Home values 7% lower than the state median.
Cons: Median household income 8% lower than the Maryland median; an average commute of 33 minutes; unemployment of 6.3%; a poverty rate of 13.1%.
The weather is best in May–June and August–September.
Cost of living in Montgomery Village
Housing is the biggest part of the cost of living. In Montgomery Village the median home value is $388,900, 17% higher than the U.S. median. Renters pay a median of $1,916 per month, which is 39.4% of household income. Homeowners with a mortgage pay $2,226 a month in housing costs.
Montgomery Village median household income
The median household income in Montgomery Village is $95,348 and the income per person is $45,916. 13.1% of residents live below the poverty line (Maryland: 9.4%).
Housing in Montgomery Village: homes for sale and rent
- Housing units
- 12,857
- Owner-occupied
- 67.5%
- Renter-occupied
- 32.5%
- Vacant
- 4.3%Includes seasonal homes
- Median year built
- 1980
- Average household size
- 2.75
Montgomery Village demographics
- Population
- 34,110
- Median age
- 37.6
- Under 18
- 23%
- 65 and older
- 14.1%
- Households
- 12,306
- Foreign-born
- 35%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Montgomery Village ›
Education in Montgomery Village
42.8% of adults 25 and older in Montgomery Village have a bachelor's degree or higher (Maryland: 43.4%), and 20.1% have a graduate or professional degree.
Jobs and commute in Montgomery Village
- Unemployment rate
- 6.3%State: 4.9%
- Average commute
- 33 minState: 31 min
- Work from home
- 18.3%
- Drive alone
- 60.2%
- Public transit
- 7.3%
- Walk to work
- 1.1%
- Homes with broadband
- 92.6%
Montgomery Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montgomery Village | 34,110 | $95,348 | $388,900 | $1,916 |
| Flower Hill | 13,794 | $112,975 | $463,500 | $2,137 |
| Gaithersburg | 69,825 | $112,467 | $496,500 | $2,058 |
| Germantown | 90,719 | $117,546 | $422,400 | $2,040 |
| Washington Grove | 577 | $134,583 | $612,700 | — |
| Laytonsville | 677 | $240,500 | $1,061,500 | $1,438 |
| Clarksburg | 30,487 | $176,678 | $679,400 | $2,495 |
| Redland | 18,665 | $132,153 | $540,200 | $2,221 |
| Damascus | 17,640 | $158,883 | $528,400 | $1,792 |
More for people moving to Montgomery Village
Montgomery Village ZIP code ›Weather and climate ›Living in Montgomery Village: FAQ
What is the median household income in Montgomery Village, MD?
The median household income in Montgomery Village is $95,348, 8% lower than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Montgomery Village?
The median home value in Montgomery Village is $388,900, compared with $419,900 in Maryland.
How much is rent in Montgomery Village?
The median gross rent in Montgomery Village is $1,916 per month, about 39.4% of household income.
Is Montgomery Village, MD a good place to live?
Pluses: home values 7% lower than the state median. Minuses: median household income 8% lower than the Maryland median; an average commute of 33 minutes; unemployment of 6.3%; a poverty rate of 13.1%.
What is the median age in Montgomery Village?
The median age in Montgomery Village is 37.6 years (Maryland: 39.4).
How long is the commute in Montgomery Village?
The average commute to work in Montgomery Village is 33 minutes; 18.3% of workers work from home.
What is the unemployment rate in Montgomery Village?
The unemployment rate in Montgomery Village is 6.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montgomery Village?
42.8% of adults in Montgomery Village 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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