Montgomery County, Iowa
Income Data
At a Glance
How Montgomery County Compares
Detailed Income Statistics
Data Story
About Household Income in Montgomery County, Iowa
Montgomery County income well below US median
Montgomery County's median household income of $63,190 trails the national median of $74,755 by $11,565, a significant 15% gap. This income level reflects economic challenges common to rural agricultural communities.
Among Iowa's lowest-income counties
Montgomery County ranks in the bottom tier of Iowa's 99 counties with a median household income of $63,190, nearly $6,640 below the state average of $69,830. The county faces steeper economic headwinds than most of Iowa.
Montgomery ranks as lowest in region
Montgomery County households earn $5,754 less than Mitchell County ($68,704) and $9,328 less than Monroe County ($72,518). The county's income lags virtually all surrounding areas.
Housing costs squeeze limited budgets
A 14.8% rent-to-income ratio means Montgomery County residents spend roughly $148 monthly in rent per $1,000 of income—approaching the stress threshold of 30%. Limited income combined with modest housing costs creates financial tightness.
Strategic planning matters most here
With median household income 15% below the national average, Montgomery County families must be especially intentional about financial planning. Prioritize building emergency reserves, accessing free financial counseling, and exploring all available assistance programs to create stability for future wealth-building.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Montgomery County median
County median: $63,190 per year
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vs. National Median
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Your monthly income ($5,266) vs. median rent ($782/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.