Montezuma, IN
Population 900 · Indiana
About Montezuma, IN
Montezuma is a small community located in Indiana with a population of 900 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,750 per year, which is 42% below the national median of $75,149. The median age of 38.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Montezuma features a median home value of $65,300, which is 73% below the national median of $244,900. This makes Montezuma one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $925, 20% below the national average of $1,163/month. Of the 436 total housing units, 72% are owner-occupied (270 units) and 28% are renter-occupied (105 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montezuma shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.9%, above the national average of 12.4%. Workers in Montezuma have an average one-way commute time of 22.2 minutes.
Education & Demographics
6.6% of Montezuma residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 13.6% White, 1.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
How Montezuma Ranks in Indiana
Cost of Living in Montezuma, IN
Compared to national averages, Montezuma has a median household income of $43,750 (42% below the national median of $75,149). Home values average $65,300, which is 73% below the national median. Monthly rent at $925 is 20% below the US average of $1,163. Within Indiana, Montezuma's income is 37% below the state average of $69,330, and home values are 60% below the state median of $163,409.
Why Live in Montezuma, IN?
Montezuma offers affordable housing with a median home value of $65,300, below the US average of $244,900, and rent that’s lower than the national average at $925/month, and a strong job market with an unemployment rate of just 3.0%. Additionally, the city features short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($43,750) that falls below the national average. However, Montezuma’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montezuma has a population of 900 with a median age of 38.9 years. Compare Montezuma with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Montezuma
What is the population of Montezuma, IN?
The population of Montezuma, IN is 900 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Montezuma?
The median household income in Montezuma, IN is $43,750 per year, which is 42% below the national median of $75,149.
What is the median home value in Montezuma?
The median home value in Montezuma, IN is $65,300, which is 73% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montezuma?
The median monthly rent in Montezuma, IN is $925, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Montezuma?
The unemployment rate in Montezuma, IN is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montezuma, IN a good place to live?
Montezuma offers a moderate cost of living, affordable housing, and a strong job market. With a population of 900 and a median age of 38.9, the city appeals to a broad range of residents.
How educated is Montezuma, IN?
6.6% of residents in Montezuma 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 Montezuma?
Key cost-of-living indicators for Montezuma, IN: median home value is $65,300 (73% below national), median rent is $925/month, and median household income is $43,750. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Montezuma?
The poverty rate in Montezuma, IN is 15.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Montezuma, IN?
Montezuma's population is 13.6% White, 1.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.2% two or more races. 2.4% of residents are foreign-born.