Montgomery, MI
Population 318 · Michigan
About Montgomery, MI
Montgomery is a small community in Michigan with a population of 318 residents. The median household income is $54,000 per year, which is near the national average. The median age in Montgomery is 35.5 years.
Housing in Montgomery has a median home value of $93,100 and median monthly rent of $1,175. Of the 127 total housing units, the majority are owner-occupied, with 103 owner-occupied and 11 renter-occupied units.
The unemployment rate in Montgomery is 2.7% and the poverty rate is 28.5%. 11.1% of residents hold a bachelor's degree or higher. The average commute time is 25.8 minutes.
Cost of Living in Montgomery, MI
Compared to national averages, Montgomery has a median household income of $54,000 (28% below the national median of $75,149). Home values average $93,100, which is 62% below the national median. Monthly rent at $1,175 is 1% above the US average of $1,163. Within Michigan, Montgomery's income is 18% below the state average of $66,017, and home values are 49% below the state median of $183,391.
Why Live in Montgomery, MI?
Montgomery offers affordable housing with a median home value of $93,100, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.7%.
Potential considerations include median household income ($54,000) that falls below the national average. However, Montgomery’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montgomery has a population of 318 with a median age of 35.5 years. Compare Montgomery with other cities to see how it stacks up, or explore all cities in Michigan.
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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, MI?
The population of Montgomery, MI is 318 according to the latest Census data.
What is the median household income in Montgomery?
The median household income in Montgomery, MI is $54,000 per year.
What is the median home value in Montgomery?
The median home value in Montgomery, MI is $93,100.
What is the average rent in Montgomery?
The median monthly rent in Montgomery, MI is $1,175.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery, MI is 2.7%.