Montgomery, MN
Population 3,366 · Minnesota
About Montgomery, MN
Montgomery is a small community in Minnesota with a population of 3,366 residents. The median household income is $74,018 per year, which is above the national average. The median age in Montgomery is 39.1 years.
Housing in Montgomery has a median home value of $218,900 and median monthly rent of $896. Of the 1,467 total housing units, the majority are owner-occupied, with 1,132 owner-occupied and 267 renter-occupied units.
The unemployment rate in Montgomery is 3.5% and the poverty rate is 5.8%. 20.3% of residents hold a bachelor's degree or higher. The average commute time is 23.4 minutes.
Cost of Living in Montgomery, MN
Compared to national averages, Montgomery has a median household income of $74,018 (2% below the national median of $75,149). Home values average $218,900, which is 11% below the national median. Monthly rent at $896 is 23% below the US average of $1,163. Within Minnesota, Montgomery's income is 0% below the state average of $74,221, and home values are 7% above the state median of $204,472.
Why Live in Montgomery, MN?
Montgomery offers affordable housing with a median home value of $218,900, below the US average of $244,900, and rent that’s lower than the national average at $896/month, and a strong job market with an unemployment rate of just 3.5%. Additionally, the city features a low poverty rate of 5.8%, better than the national average, and short commute times averaging just 23.4 minutes.
Potential considerations include median household income ($74,018) 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 3,366 with a median age of 39.1 years. Compare Montgomery with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Montgomery
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Annandale | 3,365 | $50,536 | $195,100 | Compare |
| Breckenridge | 3,369 | $57,344 | $142,000 | Compare |
| Pine City | 3,339 | $51,654 | $181,800 | Compare |
| Jackson | 3,298 | $57,328 | $118,900 | Compare |
| Moose Lake | 3,297 | $61,576 | $205,000 | Compare |
| Sleepy Eye | 3,438 | $64,811 | $138,500 | Compare |
| Benson | 3,449 | $51,124 | $146,100 | Compare |
| Eagle Lake | 3,268 | $97,161 | $249,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Montgomery, MN is 3,366 according to the latest Census data.
What is the median household income in Montgomery?
The median household income in Montgomery, MN is $74,018 per year.
What is the median home value in Montgomery?
The median home value in Montgomery, MN is $218,900.
What is the average rent in Montgomery?
The median monthly rent in Montgomery, MN is $896.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery, MN is 3.5%.