Montgomery, MN demographics:
population, income, and more

Total population
3,434
2.0% year-over-year change
Median household income
$79,432/yr
7.3% year-over-year change
Housing units
1,426
-2.8% year-over-year change

Montgomery population

How many people live in Montgomery

Montgomery is home to 3,434 residents, according to the most recent Census data. Gender-wise, 48.7% of Montgomery locals are male, and 51.3% are female.

Total population
3,434
2.0% year-over-year change
Gender ratio
Male
48.7%
1,673
Female
51.3%
1,761
Value Percent YoY change
Male 1,673 48.7% 2.1%
Female 1,761 51.3% 1.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Montgomery is 34, with the population distributed as follows: about 22.6% are children under 15, then 12.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 28.8% of the population, while another 19.8% fall into the 45 to 64 bracket. Finally, around 16.2% are 65 or older.

Median age
34.3
Age breakdown
Under 15
22.6%
15 to 24
12.6%
25 to 44
28.8%
45 to 64
19.8%
Over 65
16.2%
Value Percent YoY change
Under 15 777 22.6% 12.1%
15 to 24 431 12.6% 11.4%
25 to 44 990 28.8% -0.2%
45 to 64 679 19.8% 4.0%
Over 65 557 16.2% -13.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Montgomery, 97.3% of the population are US-born citizens, while 1.1% have gained naturalized citizenship. At the same time, 1.5% of residents are non-citizens. There’s also a share of 3.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.3%
Non-U.S.-born citizens
1.1%
Non-citizens
1.5%
Value Percent YoY change
U.S.-born citizens 3,342 97.3% 1.9%
Non-U.S.-born citizens 39 1.1% 143.8%
Non-citizens 53 1.5% -24.3%
Racial breakdown
White
93.9%
Black or African American
0.5%
American Indian and Alaska Native
0.6%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.7%
Other
1.4%
Value Percent
White 3,223 93.9%
Black or African American 16 0.5%
American Indian and Alaska Native 20 0.6%
Two or more races 127 3.7%
Other 48 1.4%

Households in Montgomery

A peek inside Montgomery households

Montgomery has 1,384 households, with an average of 2 members in each. Of these, 64.5% are families, while the remaining 35.5% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,384
-1.1% year-over-year change
Average people per household
2
Non-family households
491
Family households
893
Value Percent YoY change
Non-family households 491 35.5% -7.5%
Family households 893 64.5% 2.9%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Montgomery

The housing landscape of Montgomery

Montgomery's housing consists of 1,426 units, with 75.2% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 7.8% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.8% of the housing landscape.

Housing units
1,426
-2.8% year-over-year change
Housing types
Value Percent
1 unit, detached 1,073 75.2%
1 unit, attached 111 7.8%
2 units 114 8%
5 to 9 units 20 1.4%
10 to 19 units 36 2.5%
20 to 49 units 61 4.3%
Mobile home 11 0.8%
Homes built since 2020
0
% year-over-year change

The age of buildings in Montgomery

In Montgomery, the median construction year is 1964. About 33% of homes were built before the 1940s, with another 1.6% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 470 33% -8.6%
Built between 1940 and 1949 23 1.6% -46.5%
Built between 1950 and 1959 165 11.6% 19.6%
Built between 1960 and 1969 134 9.4% -12.4%
Built between 1970 and 1979 116 8.1% 0.9%
Built between 1980 and 1989 55 3.9% -6.8%
Built between 1990 and 1999 86 6% -12.2%
Built between 2000 and 2009 221 15.5% 15.1%
Built between 2010 and 2019 156 10.9% 0.7%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Montgomery occupancy rates

Out of the 1,384 occupied housing units in Montgomery, 74.8% are owner-occupied, while 25.2% are lived in by tenants. Meanwhile, 2.9% of all homes on the local market sit vacant.

Occupied housing units
1,384
-1.1% year-over-year change
Occupancy breakdown
Renter occupied
349
Owner occupied
1,035
Value Percent YoY
change
Renter occupied 349 25.2% 30.7%
Owner occupied 1,035 74.8% -8.6%
Unoccupied housing units
2.9%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Montgomery housing costs

Housing costs in Montgomery come to a median of $1,252 per month, while tenants specifically pay a median gross rent of $974.

Median housing costs per month
$1,252/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Montgomery
$974/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Montgomery

Montgomery education at a glance

About 42.7% of the population in Montgomery went to high school, while 22.4% pursued college studies. Another 16.5% earned an associate degree and 14.4% hold a bachelor’s. Meanwhile, 3.3% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 21 0.8% -34.4%
High school diploma 1,073 42.7% 11.5%
College diploma 562 22.4% 1.4%
Associate degree 414 16.5% -3.3%
Bachelor's degree 363 14.4% -17.3%
Graduate degree 82 3.3% -28.1%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Montgomery

How much people earn in Montgomery

The average annual household income in Montgomery was $92,204 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +7.6% change from the previous year. At the same time, the median income stood at $79,432, reflecting a +7.3% shift over the same period.

Average household income in Montgomery
$92,204/year
7.6% year-over-year change
Median household income in Montgomery
$79,432/year
7.3% year-over-year change

Montgomery income by age

In Montgomery, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $97,063. Those with someone between 45 and 64 in charge, often well established professionally, earn $106,375 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $49,423, while those led by someone over 65, many of whom may be retired, have about $60,250 in earnings. Overall, 94.4% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $49,423 -41.0%
25 - 44 $97,063 13.9%
45 - 64 $106,375 54.1%
Over 65 $60,250 12.6%
Above poverty level
3,159
Below poverty level
187
Value Percent YoY
change
Above poverty level 3,159 94.4% 2.7%
Below poverty level 187 5.6% 3.3%

Average renter income in Montgomery

To get a better sense of what renters earn on average in Montgomery, their median household income was $36,284 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 32.2%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$36,284
Rent-to-income ratio
32.2%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Montgomery

Workforce and job types in Montgomery

The job market in Montgomery is powered by 1,838 working residents, spread across a range of industries and roles. 68.5% of the working population are employed in professional or administrative positions, while 31.5% are in hands-on or service-based jobs. Also, 7.1% run their own businesses, 66.9% are employed by private companies, and 13.4% work in the public sector.

Workforce demographics

Working population
1,838
3.0% year-over-year change
White collar
1,259
Blue collar
579
Value Percent YoY change
White collar 1,259 68.5% -2.4%
Blue collar 579 31.5% 17.0%
Employer type
Self employees
7.1%
Private companies
66.9%
Governmental workers
13.4%
Not for profit companies
12.6%
Value Percent YoY change
Self employees 131 7.1% -23.4%
Private companies 1,229 66.9% 7.6%
Governmental workers 247 13.4% -13.9%
Not for profit companies 231 12.6% 24.9%
Unemployment rate
3.0%
-12.5% year-over-year change

Available workforce

The unemployment rate in Montgomery stands at 3%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Montgomery

How people get around in Montgomery

Commuting methods vary: 75.7% of residents travel by personal vehicle and 6.4% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 1,399 75.7% 1.8%
Walk 119 6.4% -24.7%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Montgomery by zipcode?

Zipcode Population Number of households Median income Average income
56069 4,991 2,005 $87,118 $100,688

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FAQs about Montgomery demographics 

What is the total population of Montgomery?

Montgomery has a total population of 3,434 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.0% compared to a year ago.

What is the gender ratio in Montgomery?

The gender ratio in Montgomery is as follows:
  • 48.7% males (1,673 residents)
  • 51.3% females (1,761 residents)

What is the median age in Montgomery?

The median age in Montgomery is 34.3.

What is the age distribution of the population in Montgomery?

The age distribution in Montgomery is as follows:
  • Under 15: 22.6% (777 residents)
  • Ages 15-24: 12.6% (431 residents)
  • Ages 25-44: 28.8% (990 residents)
  • Ages 45-64: 19.8% (679 residents)
  • Over 65: 16.2% (557 residents)

What is the racial and ethnic makeup of Montgomery?

The racial and ethnic makeup of Montgomery is as follows:
  • White: 93.9% (3,223 residents)
  • Black or African American: 0.5% (16 residents)
  • American Indian and Alaska Native: 0.6% (20 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 3.7% (127 residents)
  • Other: 1.4% (48 residents)

What percentage of the population in Montgomery are U.S.-born citizens?

U.S.-born citizens represent 97.3% of the population in Montgomery.

How many housing units are there in Montgomery?

There are 1,426 housing units in Montgomery, reflecting a -2.8% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Montgomery and what is the average household size?

Montgomery has a total of 1,384 households, with an average of 2 people in each.

What is the median household income in Montgomery?

Montgomery has a median household income of $79,432, representing a +7.3% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Montgomery?

The employment rate is 97% in Montgomery, with a workforce of 1,838 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 68.5% (1,259 residents)
  • Blue-collar workers: 31.5% (579 residents)

Places of employment:
  • Self-employed: 7.1% (131 residents)
  • Private companies: 66.9% (1,229 residents)
  • Governmental workers: 13.4% (247 residents)
  • Not-for-profit companies: 12.6% (231 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025