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Montgomery Village, Maryland

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
34,110
Population
$95,348
Median Income
$388,900
Home Value
37.6
Median Age

Demographics

Montgomery Village has a population of 34,110 with a median age of 37.6. Here is the racial and ethnic breakdown of the population:

Hispanic
32.5%
White
30.0%
Black
23.6%
Asian
14.4%
Demographic Value
Total Population34,110
Median Age37.6
White30.0%
Black or African American23.6%
Asian14.4%
Hispanic or Latino32.5%
Montgomery Village, Maryland — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.Hispanic/Latino: 32.3%White: 29.9%Black: 23.5%Asian: 14.3%34,110PopulationHispanic/LatinoHispanic/Latino32.3%WhiteWhite29.9%BlackBlack23.5%AsianAsian14.3%

Income & Economy

The median household income in Montgomery Village is $95,348, which is 18.3% above the national median of $80,610. The per capita income is $45,916. The poverty rate is 13.1%.

$95,348
Median Household Income
$45,916
Per Capita Income
13.1%
Poverty Rate

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Education

In Montgomery Village, 88.4% of residents age 25+ have a high school diploma or higher, and 42.8% hold a bachelor's degree or higher (20.1% with a graduate or professional degree).

HS Diploma+
88.4%
Bachelor's+
42.8%
Graduate+
20.1%
Education Level % of Adults (25+)
High School Diploma or Higher88.4%
Bachelor's Degree or Higher42.8%
Graduate or Professional Degree20.1%

Housing

The median home value in Montgomery Village is $388,900, above the national median of $303,400. The median monthly rent is $1,916. The homeownership rate is 67.5%.

$388,900
Median Home Value
$1,916/mo
Median Rent
67.5%
Homeownership Rate
Housing Metric Value
Median Home Value$388,900
Median Monthly Rent$1,916
Homeownership Rate67.5%
Vacancy Rate4.3%

Salaries in Maryland

Explore salary data for popular occupations in Maryland:

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Other Cities in Maryland

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Frequently Asked Questions

What is the population of Montgomery Village, Maryland?
The population of Montgomery Village, Maryland is 34,110 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Montgomery Village, Maryland?
The median household income in Montgomery Village, Maryland is $95,348. This is 18.3% above the national median of $80,610.
What is the median home value in Montgomery Village, Maryland?
The median home value in Montgomery Village, Maryland is $388,900. The median monthly rent is $1,916.
What percentage of people in Montgomery Village have a college degree?
In Montgomery Village, Maryland, 42.8% of adults age 25 and older hold a bachelor's degree or higher, and 88.4% have a high school diploma or higher.
Is Montgomery Village, Maryland an affordable place to live?
The home price-to-income ratio in Montgomery Village, Maryland is 4.1x (median home value $388,900 vs. median income $95,348), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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