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Montgomery, Illinois

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
21,515
Population
$103,734
Median Income
$299,500
Home Value
35.3
Median Age

Demographics

Montgomery has a population of 21,515 with a median age of 35.3. Here is the racial and ethnic breakdown of the population:

White
57.9%
Hispanic
32.1%
Black
8.0%
Asian
2.3%
Demographic Value
Total Population21,515
Median Age35.3
White57.9%
Black or African American8.0%
Asian2.3%
Hispanic or Latino32.1%
Montgomery, Illinois — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 57.7%Hispanic/Latino: 32.0%Black: 8.0%Asian: 2.3%21,515PopulationWhiteWhite57.7%Hispanic/LatinoHispanic/Latino32.0%BlackBlack8.0%AsianAsian2.3%

Income & Economy

The median household income in Montgomery is $103,734, which is 28.7% above the national median of $80,610. The per capita income is $37,156. The poverty rate is 6.7%.

$103,734
Median Household Income
$37,156
Per Capita Income
6.7%
Poverty Rate

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Education

In Montgomery, 91.1% of residents age 25+ have a high school diploma or higher, and 28.7% hold a bachelor's degree or higher (5.6% with a graduate or professional degree).

HS Diploma+
91.1%
Bachelor's+
28.7%
Graduate+
5.6%
Education Level % of Adults (25+)
High School Diploma or Higher91.1%
Bachelor's Degree or Higher28.7%
Graduate or Professional Degree5.6%

Housing

The median home value in Montgomery is $299,500, below the national median of $303,400. The median monthly rent is $1,984. The homeownership rate is 79.3%.

$299,500
Median Home Value
$1,984/mo
Median Rent
79.3%
Homeownership Rate
Housing Metric Value
Median Home Value$299,500
Median Monthly Rent$1,984
Homeownership Rate79.3%
Vacancy Rate4.8%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Montgomery, Illinois?
The population of Montgomery, Illinois is 21,515 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Montgomery, Illinois?
The median household income in Montgomery, Illinois is $103,734. This is 28.7% above the national median of $80,610.
What is the median home value in Montgomery, Illinois?
The median home value in Montgomery, Illinois is $299,500. The median monthly rent is $1,984.
What percentage of people in Montgomery have a college degree?
In Montgomery, Illinois, 28.7% of adults age 25 and older hold a bachelor's degree or higher, and 91.1% have a high school diploma or higher.
Is Montgomery, Illinois an affordable place to live?
The home price-to-income ratio in Montgomery, Illinois is 2.9x (median home value $299,500 vs. median income $103,734), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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