Montgomery, MI
Population 318 · Michigan
About Montgomery, MI
Montgomery is a small community located in Michigan with a population of 318 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,000 per year, which is 28% below the national median of $75,149. The median age of 35.5 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 $93,100, which is 62% below the national median of $244,900. This makes Montgomery one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,175, 1% above the national average of $1,163/month. Of the 127 total housing units, 90% are owner-occupied (103 units) and 10% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montgomery shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 28.5%, above the national average of 12.4%. Workers in Montgomery have an average one-way commute time of 25.8 minutes.
Education & Demographics
11.1% of Montgomery 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 3.1% White, 5.0% Hispanic or Latino, 1.3% Black or African American, and 0.3% Asian residents, with 0.3% of the population being foreign-born.
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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Cities in Michigan with a similar population size.
Demographics
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Economy & Education
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Other Cities in Michigan
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 US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Montgomery?
The median household income in Montgomery, MI is $54,000 per year, which is 28% below the national median of $75,149.
What is the median home value in Montgomery?
The median home value in Montgomery, MI is $93,100, which is 62% below 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, MI is $1,175, which is 1% above the national average of $1,163/month.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery, MI is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montgomery, MI a good place to live?
Montgomery offers a moderate cost of living, affordable housing, and a strong job market. With a population of 318 and a median age of 35.5, the city appeals to a broad range of residents.
How educated is Montgomery, MI?
11.1% 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, MI: median home value is $93,100 (62% below national), median rent is $1,175/month, and median household income is $54,000. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Montgomery?
The poverty rate in Montgomery, MI is 28.5%, 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 Montgomery, MI?
Montgomery's population is 3.1% White, 5.0% Hispanic or Latino, 1.3% Black or African American, 0.3% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.