Montgomery City, MO
Population 2,810 · Missouri
About Montgomery City, MO
Montgomery City is a small town located in Missouri with a population of 2,810 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,707 per year, which is 31% below the national median of $75,149. The median age of 37.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Montgomery City features a median home value of $137,500, which is 44% below the national median of $244,900. This makes Montgomery City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $723, 38% below the national average of $1,163/month. Of the 1,373 total housing units, 65% are owner-occupied (826 units) and 35% are renter-occupied (449 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Montgomery City shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 19.0%, above the national average of 12.4%. Workers in Montgomery City have an average one-way commute time of 25.1 minutes.
Education & Demographics
22.6% of Montgomery City 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 1.7% White, 3.5% Hispanic or Latino, 0.2% Black or African American, and 2.3% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Montgomery City, MO
Compared to national averages, Montgomery City has a median household income of $51,707 (31% below the national median of $75,149). Home values average $137,500, which is 44% below the national median. Monthly rent at $723 is 38% below the US average of $1,163. Within Missouri, Montgomery City's income is 15% below the state average of $61,047, and home values are 9% below the state median of $150,786.
Why Live in Montgomery City, MO?
Montgomery City offers affordable housing with a median home value of $137,500, below the US average of $244,900, and rent that’s lower than the national average at $723/month, and a strong job market with an unemployment rate of just 3.3%.
Potential considerations include median household income ($51,707) that falls below the national average. However, Montgomery City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montgomery City has a population of 2,810 with a median age of 37.9 years. Compare Montgomery City with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Montgomery City
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Moline Acres | 2,806 | $55,069 | $76,500 | Compare |
| Licking | 2,816 | $32,813 | $109,000 | Compare |
| Fayette | 2,800 | $58,750 | $128,700 | Compare |
| Owensville | 2,798 | $50,428 | $133,100 | Compare |
| Knob Noster | 2,824 | $60,294 | $146,700 | Compare |
| Castle Point | 2,792 | $34,679 | $57,300 | Compare |
| Gray Summit | 2,847 | $54,883 | $140,200 | Compare |
| Piedmont | 2,857 | $37,868 | $102,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montgomery City With Other Cities
Frequently Asked Questions about Montgomery City
What is the population of Montgomery City, MO?
The population of Montgomery City, MO is 2,810 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Missouri.
What is the median household income in Montgomery City?
The median household income in Montgomery City, MO is $51,707 per year, which is 31% below the national median of $75,149.
What is the median home value in Montgomery City?
The median home value in Montgomery City, MO is $137,500, which is 44% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montgomery City?
The median monthly rent in Montgomery City, MO is $723, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Montgomery City?
The unemployment rate in Montgomery City, MO is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montgomery City, MO a good place to live?
Montgomery City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,810 and a median age of 37.9, the city appeals to a broad range of residents.
How educated is Montgomery City, MO?
22.6% of residents in Montgomery City 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 City?
Key cost-of-living indicators for Montgomery City, MO: median home value is $137,500 (44% below national), median rent is $723/month, and median household income is $51,707. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Montgomery City?
The poverty rate in Montgomery City, MO is 19.0%, 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 City, MO?
Montgomery City's population is 1.7% White, 3.5% Hispanic or Latino, 0.2% Black or African American, 2.3% Asian, and 5.5% two or more races. 1.1% of residents are foreign-born.