1st Advantage MortgageThe median Montgomery County household earns $56,396, and 15% of residents live below the poverty line. A loan makes sense only if its total cost beats your alternatives and the payment fits your budget. Check the lender's Kentucky license first.
On this page
- Getting oriented in Montgomery County
- Homes and rents, Montgomery County
- Paychecks and income spread in Montgomery County
- The Montgomery County job picture
- Montgomery County next to its neighbors
- Places inside Montgomery County
- More Montgomery County figures
- What a median Montgomery County budget can carry
- What the numbers mean for Montgomery County borrowers
- Kentucky lender licensing
- Four steps for Montgomery County borrowers
- Other Kentucky guides
- Frequently asked questions
Getting oriented in Montgomery County
With an estimated 28,395 residents (ACS 2020 to 2024), Montgomery County ranks 37th of 120 in Kentucky for population. Packed into 197 square miles, that is close to 144 residents for every square mile of land. Under the July 2023 OMB definitions, Montgomery County is not part of any metropolitan area. The Census Bureau counts 3 places in the county (3 incorporated, 0 census-designated); the largest is Mount Sterling, with about 7,551 residents, or 27% of the county.
Homes and rents, Montgomery County
Median gross rent, utilities included, comes to $830 in Montgomery County versus $967 statewide. 28% of renting households spend 30% or more of income on rent, and 18% spend half or more. Median value $172,200; median income $56,396; ratio 3.1. In Montgomery County, 68% of occupied homes are owned by the people living in them. Half the housing stock was built before 1987. Nationally, Montgomery County's $830 rent is 5% below the middle county.
| Montgomery County | Kentucky | Difference | |
|---|---|---|---|
| Median gross rent | $830/mo | $967/mo | 14% lower |
| Median home value | $172,200 | $205,600 | 16% lower |
| Owners | 68% | 68% | 0.0 pts |
| Rent-burdened renters | 28% | 45% | -17.3 pts |
| Burdened owners | 23% | 23% | +0.3 pts |
| Mobile homes | 16.4% | 10.7% | +5.7 pts |
| Vacant units | 10% | 10% | -0.3 pts |
Paychecks and income spread in Montgomery County
$56,396 is the median household income for Montgomery County, set against $63,726 for Kentucky. That places it 64th among Kentucky's 120 county-level areas.
| Income band | Share in Montgomery County | Difference from Kentucky |
|---|---|---|
| Under $35,000 | 27.6% | -0.3 pts |
| $35,000 to $99,999 | 47.5% | +5.6 pts |
| $100,000 to $199,999 | 21.7% | -1.2 pts |
| $200,000 or more | 3.3% | -4.0 pts |
About 28% of households earn under $35,000, while 25% clear $100,000. Census counts 15.4% of Montgomery County residents in poverty, against 16.1% across Kentucky. Gini index for Montgomery County: 0.440. Income from any regular source can count, including Social Security, pensions and disability benefits, as long as you can document it.
The Montgomery County job picture
The biggest employer of Montgomery County residents, by industry, is manufacturing at 23% of workers, followed by education and health care (21%). Montgomery County over-indexes on manufacturing: 23% versus 14% in Kentucky. Unemployment in Montgomery County, ACS five-year: 4.0%; Kentucky: 4.9%. 40% of Montgomery County workers get to work in under 15 minutes, while 22% need 45 or more.
| Industry (employed residents 16+) | Montgomery County | Gap to Kentucky |
|---|---|---|
| Manufacturing | 23.0% | +8.7 pts |
| Education and health care | 21.3% | -2.9 pts |
| Retail trade | 15.5% | +4.0 pts |
| Transportation, warehousing and utilities | 7.4% | +0.4 pts |
| Construction | 6.8% | +0.4 pts |
| Professional and administrative services | 6.2% | -2.9 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 next to its neighbors
Distances run center to center, from Bath County at 12 miles out to Nicholas County at 22. Montgomery County's $56,396 median trails 4 of the six and beats 2; the range runs $40,309 (Powell County) to $64,348 (Clark County).
| Adjacent area | How far | HH income (median) | Rent (median) | Owner share |
|---|---|---|---|---|
| Montgomery County | - | $56,396 | $830/mo | 68% |
| Bath County, KY | 12 mi | $56,541 | $659/mo | 75% |
| Clark County, KY | 14 mi | $64,348 | $938/mo | 71% |
| Powell County, KY | 16 mi | $40,309 | $747/mo | 68% |
| Menifee County, KY | 19 mi | $45,096 | $675/mo | 75% |
| Bourbon County, KY | 20 mi | $61,354 | $822/mo | 64% |
| Nicholas County, KY | 22 mi | $59,531 | $728/mo | 74% |
Places inside Montgomery County
Places, by size: the top 3 of 3. Roughly 65% of Montgomery County lives outside all of them, in open country or unnamed settlements. Incomes vary by place: $56,250 at the median in Jeffersonville, $47,625 in Camargo. Median rent ranges from $699 in Mount Sterling to $854 in Camargo. This guide covers each of the 3 places and the rural areas around them.
| Name | Kind | Pop. | Income | Rent | Miles |
|---|---|---|---|---|---|
| Mount Sterling | city | 7,551 | $55,827 | $699 | 3 mi |
| Jeffersonville | city | 1,651 | $56,250 | $792 | 5 mi |
| Camargo | city | 874 | $47,625 | $854 | 3 mi |
More Montgomery County figures
Degree holders: 21% of adults over 25. Health coverage gaps: 7.2% of Montgomery County residents are uninsured.
| People and households | Montgomery County | Compared with Kentucky | Compared with median county |
|---|---|---|---|
| Bachelor's or higher | 20.9% | -6.6 pts | -1.2 pts |
| Work from home | 7.6% | -2.7 pts | -1.1 pts |
| No high school diploma | 13.5% | +2.4 pts | n/a |
| No vehicle | 5.1% | -1.7 pts | -0.3 pts |
| Median age | 40.4 | +1.3 yrs | -1.1 yrs |
| No health insurance | 7.2% | +1.2 pts | -0.7 pts |
| Unemployment (ACS) | 4.0% | -0.9 pts | -0.4 pts |
| Poverty rate | 15.4% | -0.7 pts | +2.2 pts |
| Travel time to work | Workers |
|---|---|
| Under 15 min | 39.8% |
| 15 to 29 min | 22.6% |
| 30 to 44 min | 16.0% |
| 45 to 59 min | 11.5% |
| 60+ min | 10.2% |
What a median Montgomery County budget can carry
Montgomery County at the medians, through a lender's eyes (what DTI means):
- Monthly gross at the median, Montgomery County: $4,700
- Rent at the median, $830, takes 18% of that
- Under a 40% cap, $1,880 total minus rent leaves $1,050
Subtract what you already pay on other debts. A new payment should fit in what remains, with some to spare.
What the numbers mean for Montgomery County borrowers
Montgomery County-specific points to check:
- 22% long commutes. A Montgomery County repair bill is often urgent; compare the shop's financing with a loan in writing.
- Manufactured homes. 16% of Montgomery County housing units are mobile homes, and their repairs are often paid with unsecured loans. Get the quote in writing.
- Credit reports. Pull free reports at AnnualCreditReport.com and dispute errors before applying.
Kentucky lender licensing
Before sharing details with a lender, a Montgomery County resident can confirm its license with the Kentucky Department of Financial Institutions. A CFPB complaint gets forwarded to the company for a response. See the Kentucky state guide for the statewide picture.
Four steps for Montgomery County borrowers
Steps that save money for Montgomery County residents:
- Size the loan to the bill, not to the most a lender offers.
- Collect three written offers and compare APR and total repaid.
- A Kentucky license check takes minutes; do it first.
- Lock paid-off cards after consolidating so balances stay at zero.
Other Kentucky guides
The Kentucky guide covers the whole state.
Frequently asked questions
Is $56,396 a good income in Montgomery County?
It is the county median, so half of Montgomery County households earn more and half less; 25% earn $100,000 or more.
What do renters pay in Montgomery County?
$830 a month at the median, about 18% of median household income.
I live in a small Montgomery County town. Is this my guide?
Yes. If your town has no city guide, this county page is the local one; it covers Mount Sterling, Jeffersonville, Camargo.
Will a Montgomery County address affect my match?
Beyond confirming Kentucky as your state, no. Your answers about amount, credit, income and payments are all that count.
Who do I complain to about a lender in Montgomery County?
Start with the Kentucky Department of Financial Institutions, then the CFPB complaint portal. Keep copies of every message.