Montgomery town, Indiana Demographics & Population 2026
As of 2026, Montgomery town, Indiana has a total population of 1,184, the 323rd largest city in Indiana, with a median household income of $93,750, which is 34% higher than the state average. The poverty rate is 2.6%.
Key Takeaways
- Household income is 34% above the state average — one of the wealthiest communities in Indiana.
- An exceptionally low poverty rate of 2.6% — among the lowest in Indiana.
- Housing is very affordable with a home-value-to-income ratio of just 2.4x.
- Near full employment with an unemployment rate of just 0.2%.
Montgomery town Quick Facts
How Montgomery town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Montgomery town Rankings in Indiana
Explore Indiana Rankings
Cities Similar to Montgomery town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Cordry Sweetwater Lakes CDP | 1,200 | $100,167 | $284,200 | 37.7% | 3.2% |
| Hudson Lake CDP | 1,245 | $95,116 | $163,500 | 23.2% | 4.4% |
| Prince's Lakes town | 1,257 | $93,125 | $228,800 | 17.8% | 5.5% |
| St. Wendel CDP | 1,120 | $83,182 | $267,900 | 20.6% | 7.0% |
| Mexico CDP | 1,122 | $82,695 | $106,800 | 17.6% | 0.0% |
Population Overview
Montgomery town is a small community located in Indiana, within Owen County. The total population is 1,184. It ranks as the 323rd most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Montgomery town is 46.1 years. This is 21% higher than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Montgomery town is $93,750. This is 34% higher than the state median of $70,051. Compared to the national median of $78,538, household income here is 19% higher. The poverty rate stands at 2.6%. This is 78% lower than the state poverty rate of 12.2%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.2%. This is 96% lower than the state rate of 4.3%. The median home value is $226,000. Housing costs are 12% higher than the state median of $201,600. With a home-value-to-income ratio of just 2.4x, Montgomery town is one of the most affordable housing markets in the area. 85.5% of occupied housing units are owner-occupied. This homeownership rate is 21% higher than the state average of 70.3%.
Race & Ethnicity
Montgomery town has a predominantly White (non-Hispanic) population, comprising 97.3% of all residents. Hispanic or Latino residents account for 2.0%. The Hispanic or Latino population (2.0%) is well below the state average of 8.4%. The Asian population (0.3%) is well below the state average of 2.5%.
Education
16.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 43% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.5%.
Data Sources & Methodology
All demographic data for Montgomery town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Montgomery town, Indiana?
Montgomery town, Indiana has a population of 1,184 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Montgomery town, IN?
The median household income in Montgomery town is $93,750, which is 19% higher the national median of $78,538.
What is the poverty rate in Montgomery town, IN?
The poverty rate in Montgomery town is 2.6%. This means approximately 31 residents live below the federal poverty line.
What is the racial makeup of Montgomery town, Indiana?
Montgomery town's population is 97.3% White, 0.0% Black, 2.0% Hispanic/Latino, and 0.3% Asian.
What is the median home value in Montgomery town, IN?
The median home value in Montgomery town is $226,000. The home-value-to-income ratio is 2.4x.
How educated is Montgomery town, Indiana?
16.5% of adults (25+) in Montgomery town hold a bachelor's degree or higher, and 7.3% hold a graduate or professional degree.