Montgomery, NY
Population 3,800 · New York
About Montgomery, NY
Montgomery is a small town located in New York with a population of 3,800 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,348 per year, which is 18% above the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Montgomery features a median home value of $345,700, which is 41% above the national median of $244,900. This positions Montgomery in a moderately priced market relative to the rest of the country. Median monthly rent is $1,473, 27% above the national average of $1,163/month. Of the 1,600 total housing units, 68% are owner-occupied (1,047 units) and 32% are renter-occupied (488 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montgomery shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.3%, above the national average of 12.4%. Workers in Montgomery have an average one-way commute time of 32.4 minutes.
Education & Demographics
31.8% of Montgomery residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.9% White, 2.3% Hispanic or Latino, 20.4% Black or African American, and 12.7% Asian residents, with 7.4% of the population being foreign-born.
How Montgomery Ranks in New York
Cost of Living in Montgomery, NY
Compared to national averages, Montgomery has a median household income of $88,348 (18% above the national median of $75,149). Home values average $345,700, which is 41% above the national median. Monthly rent at $1,473 is 27% above the US average of $1,163. Within New York, Montgomery's income is 9% below the state average of $96,987, and home values are 11% below the state median of $387,181.
Why Live in Montgomery, NY?
Montgomery offers a strong local economy with a median household income of $88,348, well above the national average, and a strong job market with an unemployment rate of just 1.0%.
Montgomery has a population of 3,800 with a median age of 39.8 years. Compare Montgomery with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Montgomery
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Catskill | 3,803 | $73,906 | $228,700 | Compare |
| Manhasset Hills | 3,789 | $192,198 | $1,059,800 | Compare |
| Owego | 3,823 | $57,240 | $143,000 | Compare |
| Glenwood Landing | 3,776 | $126,628 | $861,000 | Compare |
| Lansing | 3,837 | $75,901 | $403,900 | Compare |
| Sloan | 3,757 | $69,954 | $120,000 | Compare |
| South Glens Falls | 3,739 | $57,865 | $189,800 | Compare |
| Sidney | 3,865 | $49,226 | $116,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Montgomery With Other Cities
Frequently Asked Questions about Montgomery
What is the population of Montgomery, NY?
The population of Montgomery, NY is 3,800 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Montgomery?
The median household income in Montgomery, NY is $88,348 per year, which is 18% above the national median of $75,149.
What is the median home value in Montgomery?
The median home value in Montgomery, NY is $345,700, which is 41% above 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, NY is $1,473, which is 27% above the national average of $1,163/month.
What is the unemployment rate in Montgomery?
The unemployment rate in Montgomery, NY is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Montgomery, NY a good place to live?
Montgomery offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,800 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Montgomery, NY?
31.8% 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, NY: median home value is $345,700 (41% above national), median rent is $1,473/month, and median household income is $88,348. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Montgomery?
The poverty rate in Montgomery, NY is 13.3%, 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, NY?
Montgomery's population is 0.9% White, 2.3% Hispanic or Latino, 20.4% Black or African American, 12.7% Asian, and 13.8% two or more races. 7.4% of residents are foreign-born.