1st Advantage MortgageMontgomery County (38,312 residents) has a $71,479 median household income and $858 median rent, by the latest Census five-year survey. County medians do not set your terms. Shop at least three lenders, including a credit union serving Montgomery County, and confirm each one's Indiana license.
On this page
- Montgomery County in brief
- Household income in Montgomery County
- Montgomery County housing compared with Indiana
- How Montgomery County residents earn a living
- Montgomery County against other Indiana counties
- Census places in Montgomery County
- Counties near Montgomery County
- Reading the Montgomery County data as a borrower
- More Montgomery County figures
- A Montgomery County household budget, worked through
- Indiana rules that apply in Montgomery County
- Four steps for Montgomery County borrowers
- Related local guides
- Frequently asked questions
Montgomery County in brief
Roughly 38,312 residents live in Montgomery County, Indiana, 39th by population among the state's 92 counties and county equivalents. Its 505 square miles average 76 people per square mile, by the 2024 Census Gazetteer. Metro status: none; Montgomery County sits outside the 2023 OMB metro areas. The Census Bureau counts 12 places in the county (11 incorporated, 1 census-designated); the largest is Crawfordsville, with about 16,491 residents, or 43% of the county.
Household income in Montgomery County
The median household income in Montgomery County is $71,479, close to the statewide $71,957. In the state ranking that is 35th of 92.
| Household income | Montgomery County | vs Indiana |
|---|---|---|
| Under $35,000 | 20.9% | -1.6 pts |
| $35,000 to $99,999 | 45.2% | +1.8 pts |
| $100,000 to $199,999 | 27.9% | +2.1 pts |
| $200,000 or more | 5.9% | -2.3 pts |
Some 21% of households here live on less than $35,000 a year; 34% have six-figure incomes. Census counts 10.5% of Montgomery County residents in poverty, against 12.3% across Indiana. The Gini index of income inequality is 0.418 (0 is perfect equality). For a borrower in Montgomery County, the county median is only context: a lender looks at the income you can document, so pay stubs, benefit letters or tax returns matter more than any average.
Montgomery County housing compared with Indiana
Half of Montgomery County renters pay more than $858 a month and half pay less; the Indiana midpoint is $1,062. Cost-burdened renters, paying 30%-plus of income: 43% in Montgomery County, 48% statewide. Montgomery County homes are worth $171,800 at the median, a 2.4-to-1 ratio to income. Homeowners 80%, renters 20%. Median construction year: 1967. Nationally, Montgomery County's $858 rent is 2% below the middle county.
| Measure | Montgomery County | Indiana | Gap |
|---|---|---|---|
| Median gross rent | $858/mo | $1,062/mo | 19% lower |
| Median home value | $171,800 | $218,200 | 21% lower |
| Owners | 80% | 71% | +9.7 pts |
| Rent-burdened renters | 43% | 48% | -5.1 pts |
| Burdened owners | 17% | 20% | -3.6 pts |
| Mobile homes | 7.0% | 4.4% | +2.6 pts |
Owners with equity have a second option. Weigh a secured line against an unsecured loan by risk as well as cost before you choose (how they compare).
How Montgomery County residents earn a living
Manufacturing employs 25% of working residents, the largest share; education and health care is next with 20%. Montgomery County over-indexes on manufacturing: 25% versus 18% in Indiana. ACS puts five-year average unemployment at 3.3% in Montgomery County. Commutes of 45 minutes-plus: 15%; under 15 minutes: 40%.
| Where residents work | Montgomery County | Difference from Indiana |
|---|---|---|
| Manufacturing | 25.3% | +7.2 pts |
| Education and health care | 19.7% | -3.8 pts |
| Retail trade | 11.6% | +0.8 pts |
| Arts, lodging and food service | 7.5% | -0.3 pts |
| Construction | 6.6% | 0.0 pts |
| Other services | 5.8% | +1.2 pts |
Seasonal work is common in many Montgomery County industries; if that is you, show a full year of income rather than one strong month.
Montgomery County against other Indiana counties
- Few Indiana counties match Montgomery County on the housing vacancy rate: 6% here, 9% for the state, ranking 14th lowest of 92. Low vacancy tends to push rents up over time.
- On the uninsured rate, Montgomery County sits near the top of Indiana at 8.2%, 19th highest of 92. Hospital payment plans are usually interest-free; compare before a loan.
Census places in Montgomery County
Places, by size: the top 12 of 12. Roughly 41% of Montgomery County lives outside all of them, in open country or unnamed settlements. Lake Holiday ($109,306) and Crawfordsville ($55,033) mark the top and bottom of Montgomery County's income range among larger places. No Montgomery County place has a separate guide yet; this county page serves all 12.
| Place | Type | Population | Median income | Median rent | From county center |
|---|---|---|---|---|---|
| Crawfordsville | city | 16,491 | $55,033 | $857 | 0 mi |
| Ladoga | town | 1,144 | $61,667 | $825 | 10 mi |
| Lake Holiday | CDP | 845 | $109,306 | n/a | 6 mi |
| Waynetown | town | 805 | $60,583 | $1,013 | 10 mi |
| Darlington | town | 798 | $57,656 | $791 | 8 mi |
| Linden | town | 590 | $67,981 | $735 | 10 mi |
| New Market | town | 509 | $67,969 | $935 | 6 mi |
| Waveland | town | 475 | $52,292 | $850 | 14 mi |
| New Richmond | town | 433 | $80,329 | $875 | 12 mi |
| New Ross | town | 364 | $64,167 | $917 | 11 mi |
| Wingate | town | 296 | $64,375 | n/a | 13 mi |
| Alamo | town | 45 | n/a | n/a | 9 mi |
CDP: census-designated place, an unincorporated community mapped for statistics.
Counties near Montgomery County
The six counties whose centers lie closest to Montgomery County's, from 19 to 28 miles away. 3 of the six report a higher median household income than Montgomery County; Boone County is highest at $111,250 and Tippecanoe County lowest at $60,636.
| Adjacent area | How far | HH income (median) | Rent (median) | Owner share |
|---|---|---|---|---|
| Montgomery County | - | $71,479 | $858/mo | 80% |
| Fountain County, IN | 19 mi | $62,542 | $843/mo | 75% |
| Boone County, IN | 22 mi | $111,250 | $1,359/mo | 79% |
| Tippecanoe County, IN | 24 mi | $60,636 | $1,124/mo | 53% |
| Parke County, IN | 24 mi | $68,485 | $704/mo | 82% |
| Putnam County, IN | 26 mi | $78,378 | $884/mo | 75% |
| Hendricks County, IN | 28 mi | $101,144 | $1,436/mo | 78% |
Reading the Montgomery County data as a borrower
Based on the Montgomery County data above, these borrowing questions are most likely to matter locally.
- Credit reports. Pull free reports at AnnualCreditReport.com and dispute errors before applying.
- Advance-fee offers. No legitimate lender asks a Montgomery County borrower to pay first (scam signs).
- Combining balances. It helps when total cost falls and the cards stay paid down (consolidation).
More Montgomery County figures
In Montgomery County, 20% of adults have at least a four-year degree (29% in Indiana). 8.2% of residents have no health coverage.
| Measure | Montgomery County | Gap to Indiana | Gap to typical U.S. county |
|---|---|---|---|
| Median age | 40.4 | +2.3 yrs | -1.1 yrs |
| Bachelor's or higher | 20.4% | -9.1 pts | -1.7 pts |
| No high school diploma | 10.4% | +0.8 pts | n/a |
| No health insurance | 8.2% | +0.9 pts | +0.4 pts |
| No vehicle | 5.6% | -0.7 pts | +0.1 pts |
| Work from home | 7.4% | -3.3 pts | -1.2 pts |
| Poverty rate | 10.5% | -1.8 pts | -2.7 pts |
| Unemployment (ACS) | 3.3% | -1.0 pts | -1.1 pts |
| One-way commute | Share of Montgomery County workers |
|---|---|
| Under 15 min | 40.1% |
| 15 to 29 min | 29.1% |
| 30 to 44 min | 15.6% |
| 45 to 59 min | 9.0% |
| 60+ min | 6.1% |
A Montgomery County household budget, worked through
DTI math using Montgomery County medians ($71,479 income, $858 rent):
- Median income divided by twelve: $5,957 before taxes
- Housing at the median rent of $858 uses 14%
- At 36%, room after rent is $1,286 a month
- 43% debt-to-income limit: $1,703 left for all other debt payments
These are gross figures; take-home pay in Montgomery County will be lower after taxes and deductions.
Indiana rules that apply in Montgomery County
Consumer lenders serving Montgomery County are licensed by the state, not the county; in Indiana that is the Indiana Department of Financial Institutions. Federal complaints: consumerfinance.gov. The Indiana guide covers state rules in more detail.
Four steps for Montgomery County borrowers
Quick steps for Montgomery County:
- Borrow the amount the job needs; extra cash adds interest.
- Collect three written offers and compare APR and total repaid.
- Look the lender up with the state regulator first.
- Pick the shortest term whose payment still fits.
Related local guides
No city in Montgomery County has its own guide yet; the state page is next up.
Frequently asked questions
What is the median household income in Montgomery County?
$71,479 a year in the 2020 to 2024 Census survey, versus $71,957 for Indiana. It ranks 35th of 92 in the state.
What is the median rent in Montgomery County, IN?
$858 a month, utilities included, or $10,296 a year.
I own my home in Montgomery County. Personal loan or HELOC?
A HELOC uses the house as collateral; a personal loan usually does not. With 80% of homes owner-occupied here, many readers can compare both in writing.
Which towns does the Montgomery County guide cover?
Every community in the county, unincorporated areas included. The largest of its 12 Census places: Crawfordsville, Ladoga, Lake Holiday, Waynetown, Darlington.
Are Montgomery County applicants treated differently?
No. Everyone answers the same questions and is screened on the same objective points; lending partners set their own criteria under fair-lending laws.