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ZipNumbers

Illinois · Census place 50218

Montgomery village, IL

Quick answer

Montgomery village has 21,205 residents, ranking #113 of 1462 places in Illinois. Median household income is $96,985, the median home is worth $270,700 and median gross rent runs $1,897 a month.

Population
21,205Montgomery village residents
Median household income
$96,985Past 12 months, inflation adjusted
Median home value
$270,700Owner-occupied units
Median gross rent
$1,897Rent plus utilities, monthly
Median age
35.1 yrsAll residents
Homeownership rate
78.2%Owner-occupied households

What the numbers mean in Montgomery village

Housing cost measured against local earnings.

A household earning the Montgomery village median would spend about 23.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.8% of residents and 78.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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