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Montgomery, Illinois Demographics & Population 2026

During the 2020–2024 ACS period, Montgomery, Illinois had a total population of 21,515, the 112th largest village in Illinois, with a median household income of $103,734, which is 24% higher than the state average. The poverty rate is 6.7%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Montgomery Quick Facts

Population 21,515
Median Household Income $103,734
Median Home Value $299,500
Poverty Rate 6.7%
Unemployment Rate 3.4%
Median Age 35.3 years
Homeownership Rate 79.3%
Affordability Ratio 2.9x
Bachelor's Degree or Higher 28.7%
High School Graduation Rate 91.1%
Diversity Index 60/100
Population 21,515 112th of 1,445
Median Income $103,734 top 20%
Poverty Rate 6.7% 46% lower than national
Median Home Value $299,500 top 20%

How Montgomery Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population21,20521,515+1.5%
Median household income$96,985$103,734+7.0%
Median home value$270,700$299,500+10.6%

How Montgomery Compares

Economy & Housing

Household Income Distribution

Under $25K 4.2%
$25K-$50K 11.3%
$50K-$100K 33.2%
$100K+ 51.3%
Detailed income brackets
Under $10K
1.1%
$10K-$15K
1.9%
$15K-$20K
0.2%
$20K-$25K
1.0%
$25K-$30K
3.5%
$30K-$35K
1.7%
$35K-$40K
1.9%
$40K-$45K
2.2%
$45K-$50K
2.0%
$50K-$60K
6.0%
$60K-$75K
12.8%
$75K-$100K
14.3%
$100K-$125K
18.6%
$125K-$150K
11.8%
$150K-$200K
12.9%
$200K+
8.0%

Employment

3.4% Unemployment Rate State: 5.8%|National: 5.2%
73.5% Labor Force Participation

Housing Overview

Owner 79.3%
Renter 20.7%
Affordability Index Very Affordable
2.9x home value to income ratio
Median gross rent $1,984/mo 23.0% of median household income annually

People & Demographics

Diversity Index

60out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 61 | National average: 61

Education

Montgomery Rankings in Illinois

#112 Population of 1,445
#210 Median Income of 1,374
#356 Education of 1,444
#176 Home Value of 1,372

Other Cities in Kane County

CityPopulationMedian IncomePovertyHome Value
Carpentersville 37,346 $86,917 10.3% $234,100
Algonquin 30,067 $134,525 4.1% $351,000
Huntley 28,005 $88,536 8.6% $334,300
South Elgin 24,217 $127,203 6.5% $339,100
Geneva 21,258 $144,341 3.8% $441,400
North Aurora 18,696 $114,305 6.3% $342,100
Pingree Grove 10,914 $114,294 1.2% $320,800
Campton Hills 10,877 $209,134 2.9% $547,500
Sugar Grove 9,240 $121,207 4.7% $401,900
Gilberts 8,606 $146,333 5.5% $347,300

Cities Similar to Montgomery

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Bloomingdale22,457$102,928$376,50045.0%5.5%
Darien21,879$111,215$398,70052.4%4.2%
Grayslake20,929$113,972$309,50058.5%6.3%
Villa Park22,345$95,015$329,00036.3%4.7%
Roselle22,752$111,318$344,70040.9%4.1%

Population Overview

Montgomery is a small city located in Illinois, within Kane County. The total population is 21,515. It ranks as the 112th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Montgomery is 35.3 years. This is 9% lower than the state median of 39.0 years. With 28.4% of the population under 18, Montgomery has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Montgomery is $103,734. This is 24% higher than the state median of $83,390. It is also 28% higher than the national median of $80,734. The poverty rate stands at 6.7%. This is 43% lower than the state poverty rate of 11.8%. The unemployment rate is 3.4%. This is 42% lower than the state rate of 5.8%. The median home value is $299,500. Housing costs are 14% higher than the state median of $263,300. With a home-value-to-income ratio of just 2.9x, Montgomery is one of the most affordable housing markets in the area. 79.3% of occupied housing units are owner-occupied. This homeownership rate is 18% higher than the state average of 67.1%.

Race & Ethnicity

The largest racial or ethnic group in Montgomery is White (non-Hispanic), making up 53.8% of the population. Hispanic or Latino residents account for 32.0%. The Hispanic or Latino population is significantly higher than the state average (32.0% vs 18.8%). The Asian population (2.1%) is well below the state average of 5.9%.

Education

28.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 24% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.1%.

Data Sources & Methodology

All demographic data for Montgomery, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Montgomery, Illinois?

Montgomery, Illinois has a population of 21,515 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Montgomery, IL?

The median household income in Montgomery is $103,734, which is 28% higher than the national median of $80,734.

What is the poverty rate in Montgomery, IL?

The poverty rate in Montgomery is 6.7%. This means approximately 1,419 residents live below the federal poverty line.

What is the racial makeup of Montgomery, Illinois?

Montgomery's population is 53.8% White, 7.9% Black, 32.0% Hispanic/Latino, and 2.1% Asian.

What is the median home value in Montgomery, IL?

The median home value in Montgomery is $299,500. The home-value-to-income ratio is 2.9x.

How educated is Montgomery, Illinois?

28.7% of adults (25+) in Montgomery hold a bachelor's degree or higher, and 5.6% hold a graduate or professional degree.