Montgomery is a medium-sized village located in the state of Illinois. With a population of 21,799 people and six associated neighborhoods, Montgomery is the 122nd largest community in Illinois. Montgomery has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Montgomery, where the median household income is $105,240.00.

Montgomery real estate is some of the most expensive in Illinois, although Montgomery house values don't compare to the most expensive real estate in the U.S.

Also of interest is that Montgomery has more people living here who work in computers and math than 95% of the places in the US.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.29% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In Montgomery, however, the average commute to work is quite long. On average, people spend 32.55 minutes each day getting to work, which is significantly higher than the national average.

In terms of college education, Montgomery is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 28.40% of adults 25 and older in the village have at least a bachelor's degree.

The per capita income in Montgomery in 2022 was $34,600, which is middle income relative to Illinois and the nation. This equates to an annual income of $138,400 for a family of four. However, Montgomery contains both very wealthy and poor people as well.

Montgomery is an extremely ethnically-diverse village. The people who call Montgomery home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Montgomery residents report their race to be White, followed by Black or African-American. Montgomery also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 32.28% of the village’s residents. Important ancestries of people in Montgomery include German, Irish, Polish, English, and Italian.

The most common language spoken in Montgomery is English. Other important languages spoken here include Spanish and Langs. of India.