Cost of Living in Montgomery Village, MD

Population: 34,161 • 2026 Data

$96,487
Median Household Income
+25% vs national
$1,883
Median Monthly Rent
+40% vs national
$367,100
Median Home Value
+8% vs national
7.0%
Unemployment Rate

Housing in Montgomery Village

The median home value in Montgomery Village, MD is $367,100. Monthly rent for a typical unit averages $1,883, while total monthly housing costs (including utilities and insurance) average $1,939.

Rent-to-income ratio: 23.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.

Income and Employment

The median household income in Montgomery Village, MD is $96,487. The unemployment rate stands at 7.0%, with a labor force of 19,525 people.

Other Cities in Maryland

Baltimore, MD → Columbia, MD → Germantown, MD → Waldorf, MD → Silver Spring, MD → Frederick, MD → Ellicott City, MD → Glen Burnie, MD →

Data Sources

All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.

Verify at data.census.gov