Living in Montgomery, New Jersey
Cost of living, income, home prices, rent and demographics of Montgomery · Census data 2020–2024
Montgomery has 23,841 residents with a median age of 43.1. The median household income is $226,771 (119% higher than the New Jersey median), the median home value is $795,200, the median rent is $2,188/month.
Montgomery at a glance
- Population
- 23,841
- Median age
- 43.1State: 40.1
- Median household income
- $226,771State: $103,556
- Median home value
- $795,200State: $454,400
- Median rent
- $2,188/moState: $1,720
- Homeowners
- 84.6%
- Bachelor's degree or higher
- 80.4%
- Average commute
- 37 min
Is Montgomery a good place to live?
Pros: Median household income 119% higher than the New Jersey median; unemployment of 3.9%; a poverty rate of 3.7%.
Cons: Home values 75% higher than the state median; an average commute of 37 minutes.
The weather is best in May–June and August–September.
Cost of living in Montgomery
Housing is the biggest part of the cost of living. In Montgomery the median home value is $795,200, 139% higher than the U.S. median. Renters pay a median of $2,188 per month, which is 31.7% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Montgomery median household income
The median household income in Montgomery is $226,771 and the income per person is $95,544. 3.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Montgomery: homes for sale and rent
- Housing units
- 8,488
- Owner-occupied
- 84.6%
- Renter-occupied
- 15.4%
- Vacant
- 0.3%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.80
Montgomery demographics
- Population
- 23,841
- Median age
- 43.1
- Under 18
- 24.5%
- 65 and older
- 14.7%
- Households
- 8,466
- Foreign-born
- 35.3%
- Veterans
- 1.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Montgomery ›
Education in Montgomery
80.4% of adults 25 and older in Montgomery have a bachelor's degree or higher (New Jersey: 43.6%), and 46.2% have a graduate or professional degree.
Jobs and commute in Montgomery
- Unemployment rate
- 3.9%State: 6.3%
- Average commute
- 37 minState: 31 min
- Work from home
- 32.9%
- Drive alone
- 52.4%
- Public transit
- 5.5%
- Walk to work
- 2.2%
- Homes with broadband
- 97.6%
Montgomery vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montgomery | 23,841 | $226,771 | $795,200 | $2,188 |
| Harlingen | 593 | $231,923 | $800,900 | — |
| Rocky Hill | 819 | $148,056 | $597,200 | $1,799 |
| Belle Mead | 6,394 | $223,250 | $810,300 | $2,627 |
| East Rocky Hill | 235 | $211,731 | $844,800 | — |
| Griggstown | 812 | $168,393 | $595,500 | — |
| Kingston | 1,670 | $110,813 | $475,900 | $1,765 |
| Princeton | 30,756 | $192,079 | $1,050,600 | $2,636 |
| Ten Mile Run | 2,492 | $162,868 | $710,200 | — |
More for people moving to Montgomery
Montgomery ZIP code ›Weather and climate ›Living in Montgomery: FAQ
What is the median household income in Montgomery, NJ?
The median household income in Montgomery is $226,771, 119% higher than the New Jersey median of $103,556 (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 $795,200, compared with $454,400 in New Jersey.
How much is rent in Montgomery?
The median gross rent in Montgomery is $2,188 per month, about 31.7% of household income.
Is Montgomery, NJ a good place to live?
Pluses: median household income 119% higher than the New Jersey median; unemployment of 3.9%; a poverty rate of 3.7%. Minuses: home values 75% higher than the state median; an average commute of 37 minutes.
What is the median age in Montgomery?
The median age in Montgomery is 43.1 years (New Jersey: 40.1).
How long is the commute in Montgomery?
The average commute to work in Montgomery is 37 minutes; 32.9% of workers work from home.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montgomery?
80.4% 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.
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