Montgomery County, Illinois
Income Data
At a Glance
How Montgomery County Compares
Detailed Income Statistics
Data Story
About Household Income in Montgomery County, Illinois
Montgomery faces income challenges
Montgomery County's median household income of $61,863 trails the national median of $74,755 by $12,892, or 17.2%. This significant gap reflects lower earning power compared to the typical American household.
Below Illinois state average
At $61,863, Montgomery County falls $6,717 short of Illinois's state average of $68,580, a deficit of 9.8%. The county ranks among Illinois's lower-income regions.
Montgomery trails most peer counties
Montgomery's $61,863 is the lowest income among the eight counties, falling well below Morgan County ($65,175), Moultrie County ($71,676), and significantly behind Monroe County ($101,635). Only concentrated effort on economic development can narrow this gap.
Housing costs press Montgomery budgets
Montgomery's 13.9% rent-to-income ratio is the highest in the county cluster, signaling moderate cost burden. With lower median income and modest median home values of $102,200, households have limited cushion for unexpected expenses.
Every dollar counts for Montgomery families
Lower incomes make disciplined budgeting essential for Montgomery households. Prioritize building small emergency savings first, then explore employer-sponsored retirement plans and low-cost investment options to begin wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Montgomery County median
County median: $61,863 per year
vs. County Median
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vs. State Average
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vs. National Median
-17%
Income Adequacy
Your monthly income ($5,155) vs. median rent ($715/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.