Minnesota · Census place 43738
Montgomery city, MN
Quick answer
Montgomery city has 3,366 residents, ranking #200 of 914 places in Minnesota. Median household income is $74,018, the median home is worth $218,900 and median gross rent runs $896 a month.
- Population
- 3,366Montgomery city residents
- Median household income
- $74,018Past 12 months, inflation adjusted
- Median home value
- $218,900Owner-occupied units
- Median gross rent
- $896Rent plus utilities, monthly
- Median age
- 39.1 yrsAll residents
- Homeownership rate
- 80.9%Owner-occupied households
What the numbers mean in Montgomery city
Housing cost measured against local earnings.
A household earning the Montgomery city median would spend about 14.5% 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 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.8% of residents and 80.9% 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 Minnesota.
- Benson city 3,449
- Sleepy Eye city 3,438
- Breckenridge city 3,369
- Annandale city 3,365
- Pine City city 3,339
- Jackson city 3,298
- Moose Lake city 3,297
Keep going
More Minnesota coverage.