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CITY

Montgomery

Minnesota · 3,539 residents (2025 est.) · 2.514 sq mi
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The short version

Montgomery has roughly average household income, with a median household income of $79,432. Population has grown 23% since 2000. 17% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $234,700. At a median age of 34.3, residents skew younger than the country as a whole.

At a glance
Average income
near the US median
US median: $82,259
Younger
median age 34.3
US median: 38.9
Less educated
17% hold a bachelor's degree
US average: 36%
Less affordable
home values up 46%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
3,434
+23%since 2000
from 2,794 in 2000
1990 – 2025
Population density
1,366 / sq mi
+23%since 2000
from 1,111 / sq mi in 2000
US average: 281
Median age
34.3
+2%since 2000
from 33.6 in 2000
US average: 38.9

PEP 2025 EST:3,539 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2K3K3K3K4K1990201020202024Montgomery
20243K
1990201020202024
Section 02

Income & economy

Median household income
$79,432
+28%inflation adjusted, since 2000
from $34,145 in 2000
US average: $82,259
1990 – 2024
Per capita income
$38,231
+137%since 2000
from $16,128 in 2000
US average: $44,673
Households earning $100K+
53.3%
+31.3 ptssince 2009
from 22.0% in 2009
US average: 53.3%
Poverty rate
5.8%
−5.9 ptssince 2000
from 11.6% in 2000
US average: 12.5%
Income inequality (Gini)
0.371
+13%since 2010
from 0.329 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade22.8%
US avg: 9.9%
Information9.2%
US avg: 10.8%
Wholesale trade8.2%
US avg: 6.9%
Finance & insurance7.8%
US avg: 5.9%
Professional, scientific, technical6.5%
US avg: 5.1%
Other services4.8%
US avg: 6.7%
Public administration4.8%
US avg: 4.8%
Transportation & warehousing2%
US avg: 2.2%
Agriculture, forestry, fishing1.9%
US avg: 1.6%
Construction1.9%
US avg: 1.2%
Education & health services1.4%
US avg: 0.9%
Arts, entertainment, food0.7%
US avg: 1.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$234,700
+46%inflation adjusted, since 2000
from $88,100 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$974
+16%inflation adjusted, since 2000
from $461 in 2000
US average: $1,442
Owner-occupied
74.8%
−2.0 ptssince 2000
from 76.8% in 2000
25.2% rent
Vacancy rate
2.9%
−7.8 ptssince 2009
from 10.7% in 2009
US average: 10.0%
Owner cost-burdened
19.1%
−4.0 ptssince 2009
from 23.1% in 2009
US average: 22.9%
Renter cost-burdened
44.1%
+14.5 ptssince 2009
from 29.6% in 2009
US average: 47.4%
Afford Score
3.0
+15%since 2000
from 2.6 in 2000
1990 – 2024
Gentrification Score
49
RELATED:See current rent listings in Montgomery on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic88.4%(2,469)
Black0.3%(9)
Hispanic / Latino9.8%(273)
Asian0.3%(8)
Other0%
Diversity Score23.7%(661)
2024
White, non-Hispanic89.5%(3,075)
Black0.5%(16)
Hispanic / Latino7.3%(251)
Asian0%(0)
Other2.7%(92)
Diversity Score24%(824)
Diversity Score
24
+1%since 2000
from 24 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
17.0%
+2.2 ptssince 2000
from 14.9% in 2000
US average: 35.6%
High school or higher
94.8%
+17.8 ptssince 2000
from 77.0% in 2000
US average: 89.6%
Graduate degree
3.7%
+0.9 ptssince 2000
from 2.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.1 min
+28%since 2000
from 18.0 min in 2000
US average: 26.5
Drive alone to work
71.6%
−15.1 ptssince 2009
from 86.7% in 2009
US average: 68.9%
Carpooled to work
4.1%
−6.2 ptssince 2009
from 10.3% in 2009
US average: 8.5%
Public transit
0.0%
−0.7 ptssince 2009
from 0.7% in 2009
US average: 3.2%
Worked from home
17.5%
+16.5 ptssince 2009
from 1.0% in 2009
US average: 15.0%
Walked to work
6.4%
+5.2 ptssince 2009
from 1.2% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
5.2%
+4.0 ptssince 2009
from 1.2% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
3.0%
−8.4 ptssince 2011
from 11.3% in 2011
US average: 5.2%
Labor force participation
73.3%
−1.2 ptssince 2011
from 74.5% in 2011
US average: 63.5%
Self-employed
12.6%
+1.3 ptssince 2009
from 11.3% in 2009
US average: 13.1%
Management & professional
28.5%
−23.9 ptssince 2009
from 52.3% in 2009
US average: 42.5%
Section 08

People & community

Male
48.7%
−1.0 ptssince 2009
from 49.7% in 2009
Female
51.3%
+1.0 ptssince 2009
from 50.3% in 2009
Foreign born
2.2%
−1.7 ptssince 2009
from 3.9% in 2009
US average: 14.1%
Veterans
6.9%
−45.2 ptssince 2009
from 52.1% in 2009
US average: 6.2%
With a disability
6.5%
−4.6 ptssince 2012
from 11.1% in 2012
US average: 13.3%
Uninsured
3.7%
−85.7 ptssince 2013
from 89.4% in 2013
US average: 8.4%
Broadband at home
90.8%
+21.9 ptssince 2017
from 68.9% in 2017
US average: 91.0%
English only at home
96.3%
+0.2 ptssince 2016
from 96.1% in 2016
US average: 77.7%
Spanish at home
2.6%
+0.6 ptssince 2016
from 2.0% in 2016
US average: 13.6%
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Frequently asked

How many people live in Montgomery, Minnesota?

Montgomery, Minnesota has about 3,434 residents according to the 2024 American Community Survey.

What is the median household income in Montgomery, Minnesota?

The typical household in Montgomery, Minnesota earns about $79,432 a year. Half of households make more than that, and half make less.

Is Montgomery, Minnesota expensive?

In Montgomery, Minnesota, the median home is worth about $234,700, and the typical rent is about $974 a month.

How educated are people in Montgomery, Minnesota?

About 17.0% of adults age 25 and over in Montgomery, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Montgomery, Minnesota?

About 5.8% of people in Montgomery, Minnesota live below the federal poverty line.

Has Montgomery, Minnesota grown since 1990?

Yes, Montgomery, Minnesota has grown since 1990. The population has added about 1,035 residents, a change of about 43 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →