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The total population of Montgomery is estimated to be 3,326 with 1,625 males (48.86%) and 1,701 females (51.14%). There are 76 more females than males in Montgomery.
The median household income in Montgomery was $62,883 in 2021, which marked an a decrease of 620(0.98%) from $63,503 in 2020. This income is 84.29% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Montgomery sees its highest median household income among householders in the age group of 25 to 44 years old, at $83,939. Overall, the median household income for the city of Montgomery stands at $62,883.
In Montgomery, the median income for all workers aged 15 years and older, regardless of work hours, was $44,272 for males and $33,448 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,809 for males and $53,708 for females.
In Montgomery, population is primarily represented by White households, reporting a median income of $62,555.
In 2022, the population of Montgomery was 3,485, a 2.86% increase year-by-year from 2021. Previously, in 2021, Montgomery's population was 3,388, an increase of 3.80% compared to a population of 3,264 in 2020.
The median age in Montgomery, MN is 37.2, as per 2021 ACS 5-Year Estimates. Of the total population, 21.35% were under the age of 15, 19.68% aged 15 to 29, 41.74% aged 30 to 64, 15.60% aged 65 to 84, and 1.64% were 85 years of age and older.
Racial distribution of Montgomery population: 91.35% are White, 1.92% are Black or African American, 1.88% are American Indian and Alaska Native, 1.30% are some other race and 3.55% are multiracial.