Michigan · Census place 55220
Montgomery village, MI
Quick answer
Montgomery village has 318 residents, ranking #615 of 745 places in Michigan. Median household income is $54,000, the median home is worth $93,100 and median gross rent runs $1,175 a month.
- Population
- 318Montgomery village residents
- Median household income
- $54,000Past 12 months, inflation adjusted
- Median home value
- $93,100Owner-occupied units
- Median gross rent
- $1,175Rent plus utilities, monthly
- Median age
- 35.5 yrsAll residents
- Homeownership rate
- 90.4%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 26.1% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 28.5% of residents and 90.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Gaastra city 324
- Gagetown village 324
- Onekama village 323
- Hersey village 317
- Boyne Falls village 315
- Breedsville village 315
- Glen Arbor CDP 313
Keep going
More Michigan coverage.