Montgomery County, Kentucky

Income Data

+3% vs. Kentucky average
$57,468
Median Household Income
$28,562
Per Capita Income

At a Glance

Median Household Income
$57,468
+3% vs. state avg
Per Capita Income
$28,562
-28% vs. national
Income-to-Housing Ratio
35.1%
income as % of home value
Rank in Kentucky
#56 / 120
by median household income

How Montgomery County Compares

Montgomery County$57,468
Kentucky Average$55,909
National Median$74,755

Detailed Income Statistics

$57,468
Median Household Income
$28,562
Per Capita Income
$163,800
Median Home Value
35.1%
Income-to-Housing Ratio

Data Story

About Household Income in Montgomery County, Kentucky

Montgomery trails national median

Montgomery County's median household income of $57,468 falls $17,287 short of the U.S. median of $74,755—a 23% gap. While below the national average, Montgomery's income level indicates a working economy with moderate stability, though significant room for improvement.

Montgomery slightly above state average

At $57,468, Montgomery County's median household income exceeds the Kentucky state median of $55,909 by $1,559. This modest 3% advantage shows Montgomery residents earn roughly in line with typical Kentuckians, reflecting an average county economy without pronounced strength or weakness.

Montgomery in the middle pack

Montgomery County's $57,468 median household income sits between wealthier Mercer County ($63,115) to the east and lower-income Morgan County ($47,493) to the north. The county's position reflects moderate economic conditions compared to more prosperous and more struggling neighbors.

Housing costs require attention

Montgomery County's rent-to-income ratio of 16.6% is elevated but manageable, consuming a notable share of household earnings. The median home value of $163,800 is moderate for the region, though renters and homebuyers should budget carefully given limited household income margins.

Montgomery can build gradually

Montgomery County residents should establish steady savings habits and take full advantage of employer retirement plans. Consider lower-cost index funds and long-term investment strategies to turn consistent earnings into meaningful wealth accumulation over time.

Frequently Asked Questions

What is the median household income in Montgomery County, Kentucky?
The median household income in Montgomery County, Kentucky is $57,468, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Montgomery County?
The per capita income in Montgomery County is $28,562, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $57,468.
How does Montgomery County compare to the Kentucky average?
Montgomery County's median household income of $57,468 is higher than the Kentucky state average of $55,909. The per capita income is $28,562, compared to the state average of $29,616.
What is the per capita income in Montgomery County, Kentucky?
The per capita income in Montgomery County, Kentucky is $28,562, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Montgomery County income higher than the Kentucky average?
Montgomery County's median household income of $57,468 is higher than the Kentucky average of $55,909. This difference of $1,559 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Montgomery County rank for income in Kentucky?
Montgomery County ranks #56 out of 120 counties in Kentucky by median household income (1 = highest). With a median household income of $57,468 and per capita income of $28,562, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Montgomery County

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Your income is above the Montgomery County median

County median: $57,468 per year

vs. County Median

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vs. State Average

+3%

vs. National Median

-23%

vs. Montgomery County MedianAbout equal
vs. Kentucky Average3% above
vs. National Median23% below

Income Adequacy

Monthly income covers median rent6.0x

Your monthly income ($4,789) vs. median rent ($796/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.