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CITY · 2020 ACS

Montgomery

Minnesota · 3,249 residents · 2.514 sq mi
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The short version

Montgomery has lower-than-average household income, with a median household income of $56,042. Population has grown 16% since 2000. 11% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $175,300.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 37.0
US median: 38.8
Less educated
11% hold a bachelor's degree
US average: 33%
Less affordable
home values up 32%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
3,249
+16%since 2000
from 2,794 in 2000
1990 – 2025
Population density
1,292 / sq mi
+16%since 2000
from 1,111 / sq mi in 2000
US average: 280
Median age
37.0
+10%since 2000
from 33.6 in 2000
US average: 38.8
Population, 1990 – 2024
2K3K3K3K4K1990201020202024Montgomery
20243K
1990201020202024
Section 02

Income & economy

Median household income
$56,042
+9%inflation adjusted, since 2000
from $34,145 in 2000
US average: $66,278
1990 – 2024
Per capita income
$28,064
+74%since 2000
from $16,128 in 2000
US average: $35,364
Households earning $100K+
35.7%
+13.7 ptssince 2009
from 22.0% in 2009
US average: 43.9%
Poverty rate
10.6%
−1.1 ptssince 2000
from 11.6% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade20.4%
US avg: 10%
Wholesale trade17.9%
US avg: 6.7%
Information8.5%
US avg: 11.1%
Transportation & warehousing3.9%
US avg: 2.5%
Finance & insurance3.3%
US avg: 5.5%
Professional, scientific, technical3.3%
US avg: 4.7%
Other services2.8%
US avg: 6.6%
Public administration2.4%
US avg: 4.7%
Agriculture, forestry, fishing1.9%
US avg: 1.7%
Construction1.9%
US avg: 1.2%
Arts, entertainment, food1.3%
US avg: 2%
Manufacturing0%
US avg: 0.5%
Education & health services0%
US avg: 0.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$175,300
+32%inflation adjusted, since 2000
from $88,100 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$864
+25%inflation adjusted, since 2000
from $461 in 2000
US average: $1,124
Owner-occupied
74.7%
−2.2 ptssince 2000
from 76.8% in 2000
25.3% rent
Afford Score
3.1
+21%since 2000
from 2.6 in 2000
1990 – 2024
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)
2020
White, non-Hispanic86.8%(2,819)
Black0.7%(24)
Hispanic / Latino7.8%(254)
Asian0.5%(16)
Other5.9%(192)
Diversity Score32.9%(1,069)
Diversity Score
33
+39%since 2000
from 24 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
10.8%
−4.1 ptssince 2000
from 14.9% in 2000
US average: 32.9%
High school or higher
94.4%
+17.4 ptssince 2000
from 77.0% in 2000
US average: 88.5%
Graduate degree
1.5%
−1.3 ptssince 2000
from 2.8% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
30.4 min
+69%since 2000
from 18.0 min in 2000
US average: 26.9
Drive alone to work
73.3%
−13.4 ptssince 2009
from 86.7% in 2009
US average: 75.1%
No vehicle available
2.6%
+1.4 ptssince 2009
from 1.2% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
1.9%
−9.5 ptssince 2011
from 11.3% in 2011
US average: 5.4%
Labor force participation
71.6%
−3.0 ptssince 2011
from 74.5% in 2011
US average: 63.4%
Management & professional
31.7%
−20.6 ptssince 2009
from 52.3% in 2009
US average: 39.3%
Section 08

People & community

Male
45.5%
−4.2 ptssince 2009
from 49.7% in 2009
Female
54.5%
+4.2 ptssince 2009
from 50.3% in 2009
Foreign born
2.4%
−1.6 ptssince 2009
from 3.9% in 2009
US average: 13.5%
Uninsured
5.0%
−84.4 ptssince 2013
from 89.4% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Montgomery to nearby cities

MONTGOMERY VS
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Home value$350,500+100%
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MONTGOMERY VS
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MONTGOMERY VS
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MONTGOMERY VS
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Frequently asked

How many people live in Montgomery, Minnesota?

Montgomery, Minnesota has about 3,249 residents according to the 2020 American Community Survey.

What is the median household income in Montgomery, Minnesota?

The typical household in Montgomery, Minnesota earns about $56,042 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 $175,300, and the typical rent is about $864 a month.

How educated are people in Montgomery, Minnesota?

About 10.8% 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 10.6% 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 850 residents, a change of about 35 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 →