What is the median household income in Montgomery Township (Owen County), IN?
The median household income in Montgomery Township (Owen County), IN is $59,637 (±$6,890) a year (2020–2024 American Community Survey).
In Montgomery Township (Owen County), the median household income went from $40,205 in 2015–2019 to $59,637 in 2020–2024 (+48.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $59,637 (±$6,890)
Income in Montgomery Township (Owen County) against Owen County, its state and the nation
| Montgomery Township (Owen County) | Owen County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $59,637 (±$6,890) | $62,464 (±$5,041) | $71,957 (±$352) | $80,734 |
| Median renter household income | — | $38,798 (±$5,789) | $42,811 (±$480) | $52,966 |
| Median owner household income | $61,133 (±$7,295) | $69,971 (±$3,780) | $87,459 (±$395) | $100,009 |
| Median gross rent | — | $911 (±$62) | $1,062 (±$5) | $1,413 |
In Montgomery Township (Owen County), median household income is not measurably different from Owen County ($62,464).
It is also lower than in Indiana ($71,957).
It is lower than the national figure ($80,734).
In Owen County, Montgomery Township (Owen County) ranks 9 of 15 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1128 of 1,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $40,205 (±$11,134) | $59,637 (±$6,890) | +48.3% | No measurable change after inflation |
| Median home value | $113,300 (±$32,913) | $152,800 (±$124,075) | +34.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Montgomery Township (Owen County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Montgomery Township (Owen County) | — | $59,637 (±$6,890) | — |
| Washington Township (Owen County) | 4.6 mi | $62,182 (±$8,388) | Not measurably different |
| Jennings Township (Owen County) | 5.2 mi | $43,646 (±$11,305) | Lower |
| Wayne Township (Owen County) | 5.3 mi | $63,802 (±$11,375) | Not measurably different |
| Taylor Township (Owen County) | 5.6 mi | $54,896 (±$30,935) | Not measurably different |
| Spencer | 5.6 mi | $48,378 (±$6,582) | Lower |
| Gosport | 5.8 mi | $59,886 (±$16,371) | Not measurably different |
| Morgan Township (Owen County) | 6.2 mi | $52,455 (±$6,387) | Not measurably different |
| Jackson Township (Owen County) | 7.3 mi | $55,109 (±$18,369) | Not measurably different |
Nearby places with a measurably lower figure: Jennings Township (Owen County), IN ($43,646), Spencer, IN ($48,378).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Owen County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 3 | Harrison Township (Owen County) | $77,102 (±$58,994) |
| 4 | Marion Township (Owen County) | $74,096 (±$7,577) |
| 5 | Jefferson Township (Owen County) | $63,958 (±$42,771) |
| 6 | Wayne Township (Owen County) | $63,802 (±$11,375) |
| 7 | Washington Township (Owen County) | $62,182 (±$8,388) |
| 8 | Gosport | $59,886 (±$16,371) |
| 9 | Montgomery Township (Owen County) | $59,637 (±$6,890) |
| 10 | Franklin Township (Owen County) | $59,125 (±$48,425) |
| 11 | Jackson Township (Owen County) | $55,109 (±$18,369) |
| 12 | Taylor Township (Owen County) | $54,896 (±$30,935) |
| 13 | Morgan Township (Owen County) | $52,455 (±$6,387) |
| 14 | Spencer | $48,378 (±$6,582) |
| 15 | Jennings Township (Owen County) | $43,646 (±$11,305) |
Showing 13 of 15 places in Owen County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Montgomery Township (Owen County)
What is the median household income in Montgomery Township (Owen County)?
The median household income in Montgomery Township (Owen County) is $59,637 (±$6,890) a year (2020–2024 American Community Survey).
Have incomes in Montgomery Township (Owen County) kept up with inflation?
In Montgomery Township (Owen County), the median household income went from $40,205 in 2015–2019 to $59,637 in 2020–2024 (+48.3%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Montgomery township, Owen County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Montgomery township, Owen County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Montgomery township, Owen County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Montgomery township, Owen County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Montgomery township, Owen County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Montgomery township, Owen County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Montgomery township, Owen County, Indiana (county subdivision:50742, in state:18 county:119).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Montgomery Township (Owen County) at a glance
- Homeowner costs in Montgomery Township (Owen County)
- Types of homes in Montgomery Township (Owen County)
- Heating fuel in Montgomery Township (Owen County)
- Commute and cars in Montgomery Township (Owen County)
- Indiana landlord and tenant rules
- Housing across Owen County
- Indiana places ranked by median household income
- Housing data for every place in Indiana