Montgomery, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Montgomery, Indiana had a total population of 1,111, the 332nd largest town in Indiana, with a median household income of $83,500, which is 16% higher than the state average. The poverty rate is 1.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 1.4% — among the lowest in Indiana.
- Near full employment with an unemployment rate of just 0.6%.
Montgomery Quick Facts
How Montgomery Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,184 | 1,111 | -6.2% |
| Median household income | $93,750 | $83,500 | -10.9% |
| Median home value | $226,000 | $227,800 | +0.8% |
How Montgomery Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Montgomery Rankings in Indiana
Explore Indiana Rankings
Other Cities in Daviess County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Washington | 12,367 | $50,331 | 18.2% | $152,200 |
| Odon | 1,419 | $49,342 | 11.4% | $141,000 |
| Elnora | 531 | $41,786 | 21.7% | $101,300 |
| Plainville | 412 | $51,094 | 16.0% | $100,000 |
| Cannelburg | 178 | $69,583 | 5.9% | $222,200 |
| Raglesville | 139 | N/A | 0.0% | $187,500 |
| Alfordsville | 25 | $48,333 | 4.0% | $121,900 |
Cities Similar to Montgomery
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Sweetser | 1,061 | $80,625 | $153,400 | 28.9% | 11.8% |
| Palestine | 1,085 | $91,653 | $158,200 | 4.3% | 4.5% |
| Clay City | 1,104 | $72,292 | $94,500 | 13.6% | 10.8% |
| Koontz Lake | 1,182 | $80,538 | $143,200 | 19.2% | 11.0% |
| Dayton | 1,168 | $78,289 | $176,300 | 19.0% | 12.1% |
Population Overview
Montgomery is a small community located in Indiana, within Daviess County. The total population is 1,111. It ranks as the 332nd most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Montgomery is 47.6 years. This is 25% higher than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Montgomery is $83,500. This is 16% higher than the state median of $71,957. It is also 3% higher than the national median of $80,734. The poverty rate stands at 1.4%. This is 89% lower than the state poverty rate of 12.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 0.6%. This is 86% lower than the state rate of 4.3%. The median home value is $227,800. Housing costs are 4% higher than the state median of $218,200. With a home-value-to-income ratio of just 2.7x, Montgomery is one of the most affordable housing markets in the area. 85.2% of occupied housing units are owner-occupied. This homeownership rate is 21% higher than the state average of 70.5%.
Race & Ethnicity
Montgomery has a predominantly White (non-Hispanic) population, comprising 95.7% of all residents. Hispanic or Latino residents account for 3.1%. The Hispanic or Latino population (3.1%) is well below the state average of 8.6%. The Asian population (0.3%) is well below the state average of 2.6%.
Education
19.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 33% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.5%.
Data Sources & Methodology
All demographic data for Montgomery, Indiana 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 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. 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, Indiana?
Montgomery, Indiana has a population of 1,111 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Montgomery, IN?
The median household income in Montgomery is $83,500, which is 3% higher than the national median of $80,734.
What is the poverty rate in Montgomery, IN?
The poverty rate in Montgomery is 1.4%. This means approximately 15 residents live below the federal poverty line.
What is the racial makeup of Montgomery, Indiana?
Montgomery's population is 95.7% White, 0.0% Black, 3.1% Hispanic/Latino, and 0.3% Asian.
What is the median home value in Montgomery, IN?
The median home value in Montgomery is $227,800. The home-value-to-income ratio is 2.7x.
How educated is Montgomery, Indiana?
19.6% of adults (25+) in Montgomery hold a bachelor's degree or higher, and 9.4% hold a graduate or professional degree.