Montgomery County, North Carolina

Income Data

-9% vs. North Carolina average
$55,849
Median Household Income
$30,192
Per Capita Income

At a Glance

Median Household Income
$55,849
-9% vs. state avg
Per Capita Income
$30,192
-23% vs. national
Income-to-Housing Ratio
37.2%
income as % of home value
Rank in North Carolina
#60 / 100
by median household income

How Montgomery County Compares

Montgomery County$55,849
North Carolina Average$61,072
National Median$74,755

Detailed Income Statistics

$55,849
Median Household Income
$30,192
Per Capita Income
$150,300
Median Home Value
37.2%
Income-to-Housing Ratio

Data Story

About Household Income in Montgomery County, North Carolina

Montgomery County falls short nationally

Montgomery County's median household income of $55,849 falls $18,906 short of the U.S. median of $74,755, ranking it among lower-income American counties. The 25% income gap reflects the county's rural character and limited economic diversification.

Below-average earnings within North Carolina

Montgomery County's $55,849 median household income ranks below North Carolina's state average of $61,072 by $5,223, placing it in the lower third of the state's counties. Per capita income of $30,192 is also below state average, indicating constrained individual earning potential.

Struggles among nearby counties

Montgomery County earns $55,849, trailing nearby Mitchell County ($58,089) and Madison County ($58,628) while slightly outpacing McDowell County ($55,527). The county's weak income reflects limited job diversity and rural isolation.

Affordable housing supports families

Montgomery County's 16.2% rent-to-income ratio demonstrates solid housing affordability, staying well below the 30% threshold for sustainable costs. The median home value of $150,300 is among the lowest profiled, offering strong housing security despite modest incomes.

Build wealth through disciplined saving

Montgomery County households earning $55,849 should prioritize an emergency fund and automated savings plans to ensure financial stability. Even small monthly investments in retirement or index funds, enabled by low housing costs, can build meaningful long-term wealth.

Frequently Asked Questions

What is the median household income in Montgomery County, North Carolina?
The median household income in Montgomery County, North Carolina is $55,849, 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 $30,192, 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 $55,849.
How does Montgomery County compare to the North Carolina average?
Montgomery County's median household income of $55,849 is lower than the North Carolina state average of $61,072. The per capita income is $30,192, compared to the state average of $33,920.
What is the per capita income in Montgomery County, North Carolina?
The per capita income in Montgomery County, North Carolina is $30,192, 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.
Is Montgomery County a low-income area in North Carolina?
Montgomery County's median household income of $55,849 is below the North Carolina average of $61,072. The per capita income of $30,192 is also lower than the state average of $33,920. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Montgomery County rank for income in North Carolina?
Montgomery County ranks #60 out of 100 counties in North Carolina by median household income (1 = highest). With a median household income of $55,849 and per capita income of $30,192, 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: $55,849 per year

vs. County Median

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vs. State Average

-9%

vs. National Median

-25%

vs. Montgomery County MedianAbout equal
vs. North Carolina Average9% below
vs. National Median25% below

Income Adequacy

Monthly income covers median rent6.2x

Your monthly income ($4,654) vs. median rent ($753/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.