Montgomery County, IL
Comprehensive housing, income, and cost of living data for Montgomery County, Illinois. Population: 28.4K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Montgomery County, IL?
The median home price in Montgomery County, Illinois is $128.8K. The price-to-income ratio is 2.1x, meaning the median home costs 2.1 times the median household income.
What salary do you need to buy a home in Montgomery County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $36.5K per year to buy the median home in Montgomery County, IL. Monthly housing costs break down to $651 for mortgage, $147 for property tax, and $53.66 for insurance.
What is the property tax rate in Montgomery County?
The effective property tax rate in Montgomery County is 1.37%, which comes to approximately $1,758 per year on the median home.
What is the median household income in Montgomery County?
The median household income in Montgomery County, Illinois is $61.9K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.6%%.
Is Montgomery County a good place to live?
Montgomery County, Illinois has a population of 28.4K. Housing affordability is strong with a price-to-income ratio of 2.1x. The climate averages 54 degrees F with 182 sunny days per year. Compare Montgomery County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.