Montgomery is a relatively large city located in the state of Alabama. With a population of 200,602 people and 58 constituent neighborhoods, Montgomery is the second largest community in Alabama.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Montgomery is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Montgomery is a city of sales and office workers, professionals, and service providers. There are especially a lot of people living in Montgomery who work in office and administrative support (13.70%), sales jobs (11.80%), and management occupations (9.24%).
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. .
Montgomery Information and Demographics
The education level of Montgomery citizens is substantially higher than the typical US community, as 30.98% of adults in Montgomery have at least a bachelor's degree.
The per capita income in Montgomery in 2010 was $24,430, which is upper middle income relative to Alabama, and middle income relative to the rest of the US. This equates to an annual income of $97,720 for a family of four. However, Montgomery contains both very wealthy and poor people as well.
Montgomery is an extremely ethnically-diverse city. 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 Black or African-American, followed by White. Important ancestries of people in Montgomery include German, Irish, Scottish, and Scots-Irish.
The most common language spoken in Montgomery is English. Other important languages spoken here include Spanish and Korean.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.
Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.
The chart above shows average housing rental rates. Twelve month historic rental rates are based on rental data for the market in each month.
Neighborhood and valuation information by Realtor.com. Information deemed reliable but not guaranteed.
. (Recessions shown as gray bars.)
- Current Population Survey, CES
- Current Employment Statistics.
The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics. A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments. Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper. (Note: taxes are not considered here.)
The rent-to-mortgage payment ratio for Montgomery was 0.82 in March 2014.
Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.