Is Montgomery Village, Maryland a Good Place To Live? - Living In Montgomery Village, MD

Is Montgomery Village, Maryland a good place to live?
Montgomery Village is a city in Maryland state in USA with a population of 34413 residents.. The poverty rate of Montgomery Village is 10.7%, which is 24% lower than national average. The typical household in Montgomery Village earns $82135 a year, compared to the national median of $67,500. Nearly 29% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Montgomery Village, only 86% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Montgomery Village remained 6.7%, which is 43% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Montgomery Village, only 42% of adults have a bachelor's degree and 25% have some college but no degree.

Cost of living in Montgomery Village is 125, which is 25% higher than national average. Median home value in Montgomery Village is $310700 , which is 35% higher than national average. While median income in Montgomery Village remained $82135, which is 22% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
34413
Unemployment
6.7%
43% NAT AVG.
Poverty
10.7%
24% NAT AVG.
Overall Score
7
Median Home Cost
$310700
35% NAT AVG.
Median Income
$82135
22% NAT AVG.
Median Rent
$1637
41% NAT AVG.
Cost Of Living
125
25% NAT AVG.
People Living BPL
1 in 9
Unemployed People
1 in 15
People Earning < $10,000
1 in 18
People Earning < $50,000
29%
People with <= High School
1 in 3
People With Any Degree
1 in 2
Pros & Cons Overview

Jobs80%

Housing90%

Affordability50%

Safety95%

Amenities95%

Diversity100%

Education80%

Commute30%