Pros and Cons of Living In Montgomery Village, Maryland. Is Montgomery Village, MD a Nice Place To Live or Retire?

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Montgomery Village, Maryland

Moving to Montgomery Village In Maryland ? Is Montgomery Village, MD a Nice Place To Live? Pros and Cons of Living in Montgomery Village, Maryland. Find out the best and worst about to live, raise a family or retire in Montgomery Village.

DEMOGRAPHICS

Population
34413
Unemployment
6.7%
43% NAT AVG.
Poverty
10.7%
24% NAT AVG.
Cost Of Living
125
25% NAT AVG.

ECONOMICS

Median Home Cost
$310700
35% NAT AVG.
Median Income
$82135
22% NAT AVG.
Median Rent
$1637
41% NAT AVG.
Overall Score
7

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 9
Unemployed People
1 in 15
People Earning < $10,000
1 in 18
People Earning < $50,000
29%
People With Any Degree
1 in 2

ETHNICITY

Ethnicity Montgomery Village USA
White 26% 60.1%
African American 22.8% 12.2%
American Indian 0.2% 0.6%
Asian 13.7% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.8% 2.8%
Hispanic 32.8% 18.2%
Other 0.7% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Montgomery Village USA
Less than $10,000 5.6% 5.8%
$10,000 to $14,999 2.4% 4.1%
$15,000 to $24,999 4.1% 8.5%
$25,000 to $34,999 6.6% 8.6%
$35,000 to $49,999 10.3% 12.0%
$50,000 to $74,999 16% 17.2%
$75,000 to $99,999 13.7% 12.8%
$100,000 to $149,999 18.4% 15.6%
$150,000 to $199,999 10.3% 7.1%

EDUCATION

Education Montgomery Village USA
< 9th Grade 10% 5.0%
9-12th Grade 4% 7.0%
High School or GED 19% 27.0%
Other College 18% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 23% 20.0%
Master's Degree 14% 9.0%
Professional Degree 3% 2.0%
Doctorate Degree 2% 1.0%
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. 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.

Cost of living in Montgomery Village is 125, which is 25% higher than national average. In Montgomery Village, only 42% of adults have a bachelor's degree and 25% have some college but no degree. 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.
Montgomery Village Scorecard

Jobs80%

Housing90%

Affordability50%

Safety95%

Amenities95%

Diversity100%

Education80%

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