Montgomery County, Virginia
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Montgomery County Compares
Detailed Income Statistics
Income Advisory: Montgomery County
Income Verdict
Montgomery County has a median household income of $70,769 and per capita income of $36,009 — a gap of $34,760, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $1,206/month and a median household income of $70,769, rent consumes approximately 20.4% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $70,769 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $36,009 is in line with national norms for individual earners.
Neighbor Context
Montgomery County earns approximately 5.6% below the Virginia state median household income of $74,957.
Data Story
About Household Income in Montgomery County, Virginia
Montgomery falls short nationally
Montgomery County's median household income of $70,769 trails the national median of $74,755 by $3,986, placing it in the lower-middle tier of U.S. counties. Despite the gap, the county's per capita income of $36,009 suggests income is distributed across a broad population base.
Below Virginia's income standard
Montgomery's $70,769 median falls $4,188 short of Virginia's average of $74,957, ranking it in the lower-middle quartile among the state's jurisdictions. This gap signals Montgomery households earn notably less than the typical Virginia resident.
Trailing similar rural and small counties
Montgomery's $70,769 income ranks below Middlesex ($74,154) and Northumberland ($69,500), though it edges Nelson County slightly. The county sits in the middle band of its regional peer group, neither prosperous nor economically distressed.
Housing costs edge higher here
A rent-to-income ratio of 20.4% means housing takes up one-fifth of median earnings—approaching the affordability threshold. With a median home value of $283,600, many Montgomery households must budget tightly to own a home while maintaining other financial goals.
Strategic saving matters in Montgomery
Moderate incomes and higher housing costs create urgency for budgeting discipline and long-term planning in Montgomery households. Focus on reducing high-interest debt, building an emergency fund, and taking advantage of any employer retirement matching to create financial stability.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Montgomery County median
County median: $70,769 per year
vs. County Median
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($5,897) vs. median rent ($1,206/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.