Living in Montgomery, Michigan
Cost of living, income, home prices, rent and demographics of Montgomery · Census data 2020–2024
Montgomery has 301 residents with a median age of 36.5. The median household income is $51,250 (30% lower than the Michigan median), the median home value is $95,000, the median rent is $1,167/month.
Montgomery is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Montgomery at a glance
- Population
- 301
- Median age
- 36.5State: 40.2
- Median household income
- $51,250State: $72,875
- Median home value
- $95,000State: $231,600
- Median rent
- $1,167/moState: $1,129
- Homeowners
- 93%
- Bachelor's degree or higher
- 9%
- Average commute
- 26 min
Is Montgomery a good place to live?
Pros: Home values 59% lower than the state median; unemployment of 3.1%.
Cons: Median household income 30% lower than the Michigan median; an average commute of 26 minutes; a poverty rate of 38.5%.
The weather is best in June to September.
Cost of living in Montgomery
Housing is the biggest part of the cost of living. In Montgomery the median home value is $95,000, 71% lower than the U.S. median. Renters pay a median of $1,167 per month. Homeowners with a mortgage pay $975 a month in housing costs.
Montgomery median household income
The median household income in Montgomery is $51,250 and the income per person is $22,007. 38.5% of residents live below the poverty line (Michigan: 13.2%).
Housing in Montgomery: homes for sale and rent
- Housing units
- 135
- Owner-occupied
- 93%
- Renter-occupied
- 7%
- Vacant
- 15.6%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.56
Montgomery demographics
- Population
- 301
- Median age
- 36.5
- Under 18
- 26.9%
- 65 and older
- 11%
- Households
- 114
- Foreign-born
- 0.3%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Montgomery ›
Education in Montgomery
9% of adults 25 and older in Montgomery have a bachelor's degree or higher (Michigan: 32.4%), and 2.5% have a graduate or professional degree.
Jobs and commute in Montgomery
- Unemployment rate
- 3.1%State: 5.7%
- Average commute
- 26 minState: 24 min
- Work from home
- 0%
- Drive alone
- 76.9%
- Public transit
- 0%
- Walk to work
- 1.7%
- Homes with broadband
- 76.3%
Montgomery vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montgomery | 301 | $51,250 | $95,000 | $1,167 |
| Clear Lake | 462 | $92,292 | $757,400 | $1,167 |
| Camden | 608 | $51,250 | $103,100 | $915 |
| Reading | 947 | $49,342 | $107,800 | $835 |
| Fremont | 2,112 | $66,304 | $151,500 | $586 |
| Cambria | 128 | $53,125 | $106,300 | — |
| Lake Seneca | 532 | $86,202 | $193,200 | — |
| Snow Lake | 519 | $76,778 | $373,300 | — |
| Quincy | 1,484 | $59,844 | $121,800 | $874 |
More for people moving to Montgomery
Montgomery ZIP code ›Weather and climate ›Living in Montgomery: FAQ
What is the median household income in Montgomery, MI?
The median household income in Montgomery is $51,250, 30% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Montgomery?
The median home value in Montgomery is $95,000, compared with $231,600 in Michigan.
How much is rent in Montgomery?
The median gross rent in Montgomery is $1,167 per month.
Is Montgomery, MI a good place to live?
Pluses: home values 59% lower than the state median; unemployment of 3.1%. Minuses: median household income 30% lower than the Michigan median; an average commute of 26 minutes; a poverty rate of 38.5%.
What is the median age in Montgomery?
The median age in Montgomery is 36.5 years (Michigan: 40.2).
How long is the commute in Montgomery?
The average commute to work in Montgomery is 26 minutes; 0% of workers work from home.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery is 3.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montgomery?
9% of adults in Montgomery 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.
Last updated: