The median household income in Montgomery, MN in 2022 was $60,232, which was 36.7% less than the median annual income of $82,338 across the entire state of Minnesota. Compared to the median income of $34,145 in 2000 this represents an increase of 43.3%. The per capita income in 2022 was $31,809, which means an increase of 49.3% compared to 2000 when it was $16,128.
Whole page based on the data from 2000 / 2022 when the population of Montgomery, Minnesota was 2,794 / 3,339
Income statistics for all residents
Median household income in Montgomery, MN in 2022:
Montgomery:
$60,232
State:
$82,338
Change in median household income between 2000 and 2022:
Montgomery, Minnesota:
+76.4%
State:
+74.8%
Number of households with income < $10k:
Montgomery:
2.8% (37)
State:
4.3% (100,518)
Number of households with income $10k - 20k:
Montgomery:
4.7% (63)
Minnesota:
5.6% (130,945)
Number of households with income $20k - 30k:
Montgomery:
9.9% (133)
Minnesota:
6.1% (140,637)
Number of households with income $30k - 40k:
Montgomery:
14.5% (194)
State:
6.5% (151,862)
Number of households with income $40k - 50k:
Montgomery:
6.5% (87)
State:
6.7% (154,930)
Number of households with income $50k - 60k:
Montgomery:
9.6% (129)
State:
6.9% (159,181)
Number of households with income $60k - 75k:
Montgomery:
9.5% (127)
State:
9.4% (218,220)
Number of households with income $75k - 100k:
Montgomery:
17.0% (228)
Minnesota:
13.8% (319,951)
Number of households with income $100k - 125k:
Montgomery:
9.2% (123)
Minnesota:
10.8% (251,243)
Number of households with income $125k - 150k:
Montgomery:
6.6% (88)
State:
8.2% (190,349)
Number of households with income $150k - 200k:
Montgomery:
6.5% (87)
Minnesota:
10.2% (236,018)
Number of households with income > $200k:
Montgomery:
3.1% (42)
State:
11.6% (268,336)
Aggregate household income in Montgomery in 2022: $103,444,011
Median family income in Montgomery in 2022:
Montgomery:
$77,539
Minnesota:
$105,324
Number of families with income < $10k:
Montgomery:
8.8% (74)
State:
2.2% (31,728)
Number of families with income $10k - 20k:
Montgomery:
0.9% (7)
Minnesota:
2.5% (36,635)
Number of families with income $20k - 30k:
Montgomery:
2.2% (18)
Minnesota:
3.5% (50,742)
Number of families with income $30k - 40k:
Montgomery:
1.8% (15)
Minnesota:
4.4% (64,281)
Number of families with income $40k - 50k:
Montgomery:
12.8% (107)
State:
5.2% (76,436)
Number of families with income $50k - 60k:
Montgomery:
11.5% (96)
State:
5.7% (83,050)
Number of families with income $60k - 75k:
Montgomery:
6.3% (52)
State:
8.8% (127,783)
Number of families with income $75k - 100k:
Montgomery:
18.7% (157)
Minnesota:
14.7% (214,426)
Number of families with income $100k - 125k:
Montgomery:
11.5% (97)
State:
13.1% (190,094)
Number of families with income $125k - 150k:
Montgomery:
10.1% (85)
State:
10.3% (149,830)
Number of families with income $150k - 200k:
Montgomery:
10.4% (88)
Minnesota:
13.6% (197,479)
Number of families with income > $200k:
Montgomery:
5.0% (42)
Minnesota:
16.1% (233,828)
Median non-family income in Montgomery in 2022:
Montgomery:
$34,681
Minnesota:
$48,461
Change in median non-family income between 2000 and 2022:
Montgomery, Minnesota:
+59.0%
Minnesota:
+73.6%
Median per capita income in Montgomery in 2022:
Montgomery:
$31,809
Minnesota:
$45,021
Change in median per capita income between 2000 and 2022:
Montgomery, Minnesota:
+97.2%
Minnesota:
+94.1%
Income statistics for White residents
Median household income in Montgomery, MN in 2022:
Montgomery:
$60,989
State:
$85,697
Change in median household income between 2000 and 2022:
Montgomery, Minnesota:
+72.0%
State:
+77.5%
Number of households with income < $10k:
Montgomery:
2.9% (37)
Minnesota:
3.9% (74,145)
Number of households with income $10k - 20k:
Montgomery:
4.9% (62)
Minnesota:
5.1% (97,289)
Number of households with income $20k - 30k:
Montgomery:
10.0% (127)
State:
5.8% (111,536)
Number of households with income $30k - 40k:
Montgomery:
14.4% (183)
State:
6.2% (118,402)
Number of households with income $40k - 50k:
Montgomery:
6.7% (86)
State:
6.6% (126,331)
Number of households with income $50k - 60k:
Montgomery:
8.3% (106)
State:
6.8% (129,961)
Number of households with income $60k - 75k:
Montgomery:
9.7% (124)
State:
9.4% (181,337)
Number of households with income $75k - 100k:
Montgomery:
17.3% (221)
Minnesota:
13.8% (265,776)
Number of households with income $100k - 125k:
Montgomery:
9.3% (118)
Minnesota:
11.2% (214,803)
Number of households with income $125k - 150k:
Montgomery:
6.7% (86)
Minnesota:
8.6% (164,715)
Number of households with income $150k - 200k:
Montgomery:
6.6% (84)
State:
10.6% (203,283)
Number of households with income > $200k:
Montgomery:
3.2% (41)
State:
12.2% (233,694)
Aggregate household income in Montgomery in 2022: $99,236,137
Median family income in Montgomery in 2022:
Montgomery:
$77,660
State:
$110,049
Number of families with income < $10k:
Montgomery:
8.3% (66)
State:
1.5% (17,407)
Number of families with income $10k - 20k:
Montgomery:
0.9% (7)
State:
1.9% (22,955)
Number of families with income $20k - 30k:
Montgomery:
2.2% (18)
State:
2.9% (34,913)
Number of families with income $30k - 40k:
Montgomery:
1.8% (14)
Minnesota:
3.7% (44,598)
Number of families with income $40k - 50k:
Montgomery:
13.4% (106)
State:
4.9% (58,683)
Number of families with income $50k - 60k:
Montgomery:
9.7% (77)
Minnesota:
5.4% (64,644)
Number of families with income $60k - 75k:
Montgomery:
6.6% (52)
State:
8.9% (105,839)
Number of families with income $75k - 100k:
Montgomery:
18.8% (149)
State:
14.8% (177,106)
Number of families with income $100k - 125k:
Montgomery:
11.9% (94)
Minnesota:
13.6% (162,292)
Number of families with income $125k - 150k:
Montgomery:
10.5% (83)
Minnesota:
10.9% (130,417)
Number of families with income $150k - 200k:
Montgomery:
10.7% (85)
State:
14.3% (171,257)
Number of families with income > $200k:
Montgomery:
5.2% (41)
State:
17.1% (204,721)
Median non-family income in Montgomery in 2022:
Montgomery:
$34,786
Minnesota:
$49,920
Change in median non-family income between 2000 and 2022:
Montgomery, Minnesota:
+60.7%
State:
+76.0%
Median per capita income in Montgomery in 2022:
Montgomery:
$33,169
Minnesota:
$49,507
Change in median per capita income between 2000 and 2022:
Montgomery, Minnesota:
+97.0%
State:
+103.3%
Income statistics for Black or African American residents
Median per capita income in Montgomery in 2022:
Montgomery:
$15,000
State:
$25,146
Change in median per capita income between 2000 and 2022:: -15.5%
Montgomery, Minnesota:
-15.5%
State:
+83.0%
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Montgomery:
0.0% (0)
State:
4.0% (3,834)
Number of households with income $10k - 20k:
Montgomery:
0.0% (0)
Minnesota:
6.1% (5,874)
Number of households with income $20k - 30k:
Montgomery:
64.0% (80)
Minnesota:
9.9% (9,526)
Number of households with income $30k - 40k:
Montgomery:
4.8% (6)
State:
10.1% (9,710)
Number of households with income $40k - 50k:
Montgomery:
0.0% (0)
Minnesota:
8.0% (7,724)
Number of households with income $50k - 60k:
Montgomery:
16.8% (21)
State:
9.6% (9,248)
Number of households with income $60k - 75k:
Montgomery:
0.0% (0)
State:
10.8% (10,444)
Number of households with income $75k - 100k:
Montgomery:
0.0% (0)
State:
15.0% (14,464)
Number of households with income $100k - 125k:
Montgomery:
1.6% (2)
Minnesota:
7.6% (7,348)
Number of households with income $125k - 150k:
Montgomery:
0.0% (0)
State:
5.1% (4,890)
Number of households with income $150k - 200k:
Montgomery:
0.0% (0)
Minnesota:
6.5% (6,257)
Number of households with income > $200k:
Montgomery:
12.8% (16)
State:
7.3% (7,057)
Aggregate household income in Montgomery in 2022: $6,735,954
Median per capita income in Montgomery in 2022:
Montgomery:
$18,692
Minnesota:
$27,748
Income statistics for American Indian and Alaska Native residents
Aggregate household income in Montgomery in 2022: $549,054
Median per capita income in Montgomery in 2022:
Montgomery:
$28,152
Minnesota:
$24,180
Income statistics for Multirace residents
Median household income in Montgomery, MN in 2022:
Montgomery:
$51,813
State:
$74,586
Number of households with income < $10k:
Montgomery:
0.0% (0)
State:
4.8% (5,071)
Number of households with income $10k - 20k:
Montgomery:
0.0% (0)
State:
7.2% (7,697)
Number of households with income $20k - 30k:
Montgomery:
0.0% (0)
State:
8.0% (8,495)
Number of households with income $30k - 40k:
Montgomery:
24.2% (8)
State:
8.9% (9,445)
Number of households with income $40k - 50k:
Montgomery:
0.0% (0)
Minnesota:
6.3% (6,680)
Number of households with income $50k - 60k:
Montgomery:
75.8% (25)
State:
6.7% (7,171)
Number of households with income $60k - 75k:
Montgomery:
0.0% (0)
Minnesota:
8.4% (8,916)
Number of households with income $75k - 100k:
Montgomery:
0.0% (0)
Minnesota:
13.8% (14,719)
Number of households with income $100k - 125k:
Montgomery:
0.0% (0)
State:
10.0% (10,590)
Number of households with income $125k - 150k:
Montgomery:
0.0% (0)
State:
7.3% (7,720)
Number of households with income $150k - 200k:
Montgomery:
0.0% (0)
Minnesota:
8.2% (8,751)
Number of households with income > $200k:
Montgomery:
0.0% (0)
State:
10.5% (11,170)
Aggregate household income in Montgomery in 2022: $1,774,536
Median per capita income in Montgomery in 2022:
Montgomery:
$31,622
Minnesota:
$28,529
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