What is the median household income in Montreal, WI?
The median household income in Montreal, WI is $66,364 (±$12,249) a year (2020–2024 American Community Survey).
Paying the median gross rent of $585 a month would take about $23,400 a year at the common guideline of spending no more than 30% of income on rent.
In Montreal, the median household income went from $41,705 in 2015–2019 to $66,364 in 2020–2024 (+59.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $66,364 (±$12,249)
- Median renter income
- $38,750 (±$31,785)
- Income to afford median rent
- about $23,400
Income in Montreal against Iron County, its state and the nation
| Montreal | Iron County | Wisconsin | United States | |
|---|---|---|---|---|
| Median household income | $66,364 (±$12,249) | $60,625 (±$3,162) | $77,485 (±$455) | $80,734 |
| Median renter household income | $38,750 (±$31,785) | $26,528 (±$5,002) | $48,374 (±$478) | $52,966 |
| Median owner household income | $70,417 (±$17,231) | $65,923 (±$3,235) | $95,874 (±$462) | $100,009 |
| Median gross rent | $585 (±$91) | $662 (±$53) | $1,087 (±$4) | $1,413 |
In Montreal, median household income is not measurably different from Iron County ($60,625).
It is not measurably different from Wisconsin ($77,485).
It is lower than the national figure ($80,734).
In Iron County, Montreal ranks 4 of 12 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1358 of 1,844.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Montreal
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $585 a month ($7,020 a year) needs an income of about $23,400 a year.
The median renting household in Montreal earns $38,750 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $41,705 (±$6,897) | $66,364 (±$12,249) | +59.1% | Up after inflation |
| Median gross rent | $555 (±$123) | $585 (±$91) | +5.4% | No measurable change after inflation |
| Median home value | $77,000 (±$5,754) | $97,800 (±$19,286) | +27.0% | 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 Montreal
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Montreal | — | $66,364 (±$12,249) | — |
| Hurley | 1.6 mi | $47,083 (±$10,847) | Lower |
| Town of Kimball | 3.0 mi | $54,205 (±$15,036) | Not measurably different |
| Ironwood | 4.6 mi | $41,250 (±$4,418) | Lower |
| Town of Pence | 5.2 mi | $62,083 (±$23,049) | Not measurably different |
| Erwin Township | 8.1 mi | $67,500 (±$16,865) | Not measurably different |
| Town of Saxon | 9.6 mi | $74,375 (±$24,152) | Not measurably different |
| Bessemer | 9.6 mi | $53,523 (±$12,307) | Not measurably different |
| Ironwood Charter Township | 9.9 mi | $69,107 (±$7,663) | Not measurably different |
Nearby places with a measurably lower figure: Hurley, WI ($47,083), Ironwood, MI ($41,250).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Iron County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Town of Carey | $78,750 (±$36,484) |
| 2 | Town of Saxon | $74,375 (±$24,152) |
| 3 | Town of Oma | $70,000 (±$9,367) |
| 4 | Montreal | $66,364 (±$12,249) |
| 5 | Town of Gurney | $64,375 (±$21,578) |
| 6 | Town of Mercer | $63,281 (±$6,834) |
| 7 | Town of Pence | $62,083 (±$23,049) |
| 8 | Town of Sherman (Iron County) | $60,063 (±$10,622) |
| 9 | Town of Knight | $58,021 (±$5,967) |
| 10 | Town of Kimball | $54,205 (±$15,036) |
Showing 10 of 12 places in Iron 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.
What you can do on Seayora in Montreal
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Montreal beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Montreal, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Montreal, and send estimates and invoices from your phone.
Questions about Montreal
What is the median household income in Montreal?
The median household income in Montreal is $66,364 (±$12,249) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Montreal?
About $23,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $585 a month.
Have incomes in Montreal kept up with inflation?
In Montreal, the median household income went from $41,705 in 2015–2019 to $66,364 in 2020–2024 (+59.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Montreal?
The median renting household in Montreal, WI earns $38,750 (±$31,785) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Montreal city, Wisconsin
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Montreal city, Wisconsin
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Montreal city, Wisconsin
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Montreal city, Wisconsin
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Montreal city, Wisconsin
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Montreal city, Wisconsin
- 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 Montreal city, Wisconsin (place:54075, in state:55).
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 Montreal at a glance
- Home values in Montreal
- Homeowner costs in Montreal
- Property taxes in Montreal
- Types of homes in Montreal
- Bedrooms in Montreal
- Age of homes in Montreal
- Heating fuel in Montreal
- Commute and cars in Montreal
- How long people stay in Montreal
- Wisconsin landlord and tenant rules
- Housing across Iron County
- Wisconsin places ranked by median household income
- Housing data for every place in Wisconsin