Montgomery, IL
Population 21,205 · Illinois
About Montgomery, IL
Montgomery is a mid-sized city located in Illinois with a population of 21,205 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,985 per year, which is 29% above the national median of $75,149. The median age of 35.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Montgomery features a median home value of $270,700, which is 11% above the national median of $244,900. This positions Montgomery in a moderately priced market relative to the rest of the country. Median monthly rent is $1,897, 63% above the national average of $1,163/month. Of the 7,452 total housing units, 78% are owner-occupied (5,540 units) and 22% are renter-occupied (1,548 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montgomery shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Montgomery have an average one-way commute time of 33.2 minutes.
Education & Demographics
29.0% of Montgomery residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 24.9% White, 1.1% Hispanic or Latino, 3.0% Black or African American, and 2.3% Asian residents, with 11.9% of the population being foreign-born.
Cost of Living in Montgomery, IL
Compared to national averages, Montgomery has a median household income of $96,985 (29% above the national median of $75,149). Home values average $270,700, which is 11% above the national median. Monthly rent at $1,897 is 63% above the US average of $1,163. Within Illinois, Montgomery's income is 29% above the state average of $75,072, and home values are 63% above the state median of $165,779.
Why Live in Montgomery, IL?
Montgomery offers a strong local economy with a median household income of $96,985, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a low poverty rate of 8.8%, better than the national average.
Montgomery has a population of 21,205 with a median age of 35.1 years. Compare Montgomery with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Montgomery
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Geneva | 21,299 | $136,621 | $415,800 | Compare |
| South Holland | 21,016 | $87,378 | $201,200 | Compare |
| Dolton | 20,979 | $58,706 | $140,500 | Compare |
| Park Forest | 20,898 | $62,305 | $106,200 | Compare |
| East Moline | 20,837 | $63,328 | $135,300 | Compare |
| Grayslake | 20,707 | $113,697 | $293,900 | Compare |
| Carbondale | 21,813 | $29,670 | $124,800 | Compare |
| Darien | 21,855 | $109,354 | $386,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montgomery With Other Cities
Frequently Asked Questions about Montgomery
What is the population of Montgomery, IL?
The population of Montgomery, IL is 21,205 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Montgomery?
The median household income in Montgomery, IL is $96,985 per year, which is 29% above the national median of $75,149.
What is the median home value in Montgomery?
The median home value in Montgomery, IL is $270,700, which is 11% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montgomery?
The median monthly rent in Montgomery, IL is $1,897, which is 63% above the national average of $1,163/month.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery, IL is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montgomery, IL a good place to live?
Montgomery offers above-average incomes, a competitive housing market, and a strong job market. With a population of 21,205 and a median age of 35.1, the city appeals to a broad range of residents.
How educated is Montgomery, IL?
29.0% of residents in Montgomery aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Montgomery?
Key cost-of-living indicators for Montgomery, IL: median home value is $270,700 (11% above national), median rent is $1,897/month, and median household income is $96,985. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Montgomery?
The poverty rate in Montgomery, IL is 8.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Montgomery, IL?
Montgomery's population is 24.9% White, 1.1% Hispanic or Latino, 3.0% Black or African American, 2.3% Asian, and 7.2% two or more races. 11.9% of residents are foreign-born.