Montgomery, MI
301Residents
$51,250Median household income
$1,167/moMedian gross rent
$95,000Median home value
36.5Median age
9%Adults with a bachelor’s degree or higher
93%Homes lived in by their owners
1.9×Home value to household income
Median rent takes about 27% of the median household income in Montgomery.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $47,000 a year. In Michigan that leaves roughly $3,162 a month after tax. See the full paycheck breakdown for $45,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.