Montgomery, IN
Population 1,184 · Indiana
About Montgomery, IN
Montgomery is a small community in Indiana with a population of 1,184 residents. The median household income is $93,750 per year, which is above the national average. The median age in Montgomery is 46.1 years.
Housing in Montgomery has a median home value of $226,000 and median monthly rent of $827. Of the 402 total housing units, the majority are owner-occupied, with 335 owner-occupied and 57 renter-occupied units.
The unemployment rate in Montgomery is 0.2% and the poverty rate is 2.6%. 16.5% of residents hold a bachelor's degree or higher. The average commute time is 21.9 minutes.
How Montgomery Ranks in Indiana
Cost of Living in Montgomery, IN
Compared to national averages, Montgomery has a median household income of $93,750 (25% above the national median of $75,149). Home values average $226,000, which is 8% below the national median. Monthly rent at $827 is 29% below the US average of $1,163. Within Indiana, Montgomery's income is 35% above the state average of $69,330, and home values are 38% above the state median of $163,409.
Why Live in Montgomery, IN?
Montgomery offers a strong local economy with a median household income of $93,750, well above the national average, and affordable housing with a median home value of $226,000, below the US average of $244,900, and rent that’s lower than the national average at $827/month. Additionally, the city features a strong job market with an unemployment rate of just 0.2%, and a low poverty rate of 2.6%, better than the national average, and short commute times averaging just 21.9 minutes.
Montgomery has a population of 1,184 with a median age of 46.1 years. Compare Montgomery with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Montgomery
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Clay City | 1,186 | $68,036 | $86,700 | Compare |
| Ashley | 1,174 | $56,667 | $117,600 | Compare |
| Morocco | 1,169 | $60,000 | $113,500 | Compare |
| Cordry Sweetwater Lakes | 1,200 | $100,167 | $284,200 | Compare |
| Long Beach | 1,201 | $128,750 | $660,300 | Compare |
| Warren | 1,205 | $64,773 | $107,100 | Compare |
| Ladoga | 1,155 | $72,188 | $123,700 | Compare |
| Ogden Dunes | 1,213 | $116,042 | $455,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
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 Montgomery
What is the population of Montgomery, IN?
The population of Montgomery, IN is 1,184 according to the latest Census data.
What is the median household income in Montgomery?
The median household income in Montgomery, IN is $93,750 per year.
What is the median home value in Montgomery?
The median home value in Montgomery, IN is $226,000.
What is the average rent in Montgomery?
The median monthly rent in Montgomery, IN is $827.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery, IN is 0.2%.