Montgomery, AL

MONTGOMERY, ALABAMA: Demographic and Financial Snapshot

(Last updated on 1.12.21)

AGE IN MONTGOMERY, ALABAMA

Age Range	Population	Percent
20 to 24 years	15,724	7.9%
25 to 29 years	15,887	7.9%
30 to 34 years	13,977	7.0%
35 to 39 years	12,350	6.2%
40 to 44 years	12,962	6.5%
45 to 49 years	11,753	5.9%
50 to 54 years	12,376	6.2%
55 to 59 years	12,656	6.3%
60 to 64 years	11,314	5.7%
65 to 69 years	9,396	4.7%
70 to 74 years	6,338	3.2%
75 to 79 years	5,196	2.6%
80 to 84 years	3,461	1.7%
85+ years	3,043	1.5%

The median age in Montgomery is 35.3 years

Source: US Census Data; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Age

ETHNICITY IN MONTGOMERY, ALABAMA

Ethnicity	Population	Percent
White	66,586	33.3%
Black or African American	121,381	60.6%
American Indian and Alaska Native	341	0.2%
Asian	5,655	2.8%
Native Hawaiian and Other Pacific Islander	27	0.0%
Other	2,443	1.2%

Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Race

EDUCATION IN MONTGOMERY, ALABAMA

Education Level	Population	Percent
Less than 9th grade	5,874	4.5%
9th to 12th grade, no diploma	13,415	10.3%
High school graduate (includes GED)	33,346	25.5%
Some college, no degree	28,013	21.4%
Associate’s degree	8,738	6.7%
Bachelor’s degree	24,452	18.7%
Graduate or professional degree	16,871	12.9%
High school graduate or higher	111,420	85.2%
Bachelor’s degree or higher	41,323	31.6%
Less than Bachelor’s degree	89,386	68.4%

Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Education (population 25+ years)

HOUSEHOLD INCOME IN MONTGOMERY, ALABAMA

Annual Household Income	Percent
Less than $10,000	9.5%
$10,000 to $14,999	6.8%
$15,000 to $24,999	12.6%
$25,000 to $34,999	10.8%
$35,000 to $49,999	13.8%
$50,000 to $74,999	16.9%
$75,000 to $99,999	11.0%
$100,000 to $149,999	11.0%
$150,000 to $199,999	3.8%
$200,000 or more	3.8%

Median household income: $45,921

Mean household income: $65,986

Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Household Income

HOUSEHOLD INCOME BY EDUCATION IN MONTGOMERY, ALABAMA

Education Level	Average Income
Less than high school graduate	$20,183
High school graduate (includes GED)	$23,594
Some college or Associate’s degree	$30,544
Bachelor’s degree	$44,185
Graduate or professional degree	$57,876

Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Median earnings in past 12 months by education (population 25+ years with earnings)

MARITAL STATUS IN MONTGOMERY, ALABAMA

	Population	Percent
Population 15+ years	159,929	NA
Never married	69,579	43.5%
Now married (except separated)	57,180	35.8%
Separated	4,926	3.1%
Widowed	9,125	5.7%
Divorced	19,119	12.0%

Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Marital Status for population 15 years and over

POVERTY STATUS IN MONTGOMERY, ALABAMA

	Population	Percent
Living beneath poverty line	39,782	20.6%

Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Poverty Rate

HOUSING IN MONTGOMERY, ALABAMA

Owner-occupied housing units	43,866
Renter-occupied housing units	35,502
Single-family detached units	63,460
Homeownership rate	55.3%
Vacancy rate	13.9%
Renters rate	44.7%
Average housing value	$157,348
Average monthly owner cost (with mortgage)	$821
Average rent	$704

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Housing Characteristics

SOCIOECONOMIC CHARACTERISTICS IN MONTGOMERY, ALABAMA

Average income	$65,986
Average household size	2.44
Percent population 16 years and over in labor force	61.7%
Percent disabled	16.2%
Percent with health coverage	89.0%
Average travel time to work (in minutes)	19.7
Percent workers using public transportation	0.6%
Percent veterans	9.5%
Percent foreign born	5.0%
Percent speaking Spanish at home	1.4%

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Socioeconomic Characteristics

CONSUMER SPENDING IN MONTGOMERY, ALABAMA

Total consumer expenditures per household	$55,780.23
Alcoholic beverages	$423.47
Alcoholic beverages consumed at home	$251.06
Beer consumed away from home	$75.20
Wine consumed away from home	$36.25
Apparel & services	$1,622.93
Men’s apparel	$307.22
Women’s apparel	$541.26
Children’s apparel	$251.35
Boys’ apparel	$86.02
Girls’ apparel	$95.39
Footwear	$369.53
Dining out (food away from home)	$2,783.40
Dining out – Breakfast	$283.34
Dining out – Lunch	$871.07
Dining out – Dinner	$1,288.37
Education	$1,137.65
Entertainment / recreation	$2,410.72
Club membership fees	$166.99
Dating services	$0.64
Pet food	$196.80
Pet services	$47.40
Food consumed at home	$3,924.32
Bakery products consumed at home	$515.38
Dairy products consumed at home	$399.48
Fruits and vegetables consumed at home	$759.01
Meat, poultry, fish, eggs consumed at home	$872.58
Nonalcoholic beverages consumed at home	$390.00
Snacks / other food products consumed at home	$1,377.88
Health care	$4,453.84
Medical services	$808.26
Nonprescription drugs	$110.46
Household Services	$1,526.10
Care for the elderly and handicapped	$59.04
Lawn and garden services	$326.96
Housekeeping services	$126.91
PC repair	$5.05
Housing	$17,489.63
Home improvements	$1,864.23
Utilities, fuel, and public services	$3,755.63
Phone services	$1,356.94
Water	$552.33
Life and other insurance	$335.75
Pensions and social security	$5,896.68
Personal care products and services	$675.37
Hair care products	$81.30
Personal care products	$288.10
Local transportation	$6,525.96
Gasoline	$1,711.45
Vehicle maintenance and repair	$876.47
Travel	$1,593.31
Airline fares	$383.36
Auto / truck rental on trips	$18.69
Lodging on trips	$436.95
Food and drink on trips	$386.18
Entertainment on trips	$137.03

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Consumer Spending (Consumer expenditures per household)

DEBT IN MONTGOMERY COUNTY (home to MONTGOMERY, ALABAMA)

% with any debt in collections	48%
Average debt in collections	$1,892
% with medical debt in collections	23%
Average medical debt in collections	$1,131
% with student loan debt	22%
Average student loan debt	$28,442
Average monthly student loan payment	$205
% with auto debt	25%

Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point: Consumer Debt

UNEMPLOYMENT IN MONTGOMERY, ALABAMA

Year	Population	Percent
January 2019	3,987	4.3%
February 2019	3,730	4.0%
March 2019	3,312	3.6%
April 2019	2,602	2.8%
May 2019	2,393	2.6%
June 2019	3,107	3.4%
July 2019	2,998	3.3%
August 2019	2,877	3.1%
September 2019	2,534	2.8%
October 2019	2,507	2.7%
November 2019	2,381	2.6%
December 2019	2,474	2.7%
January 2020	3,097	3.4%
February 2020	2,810	3.1%
March 2020	2,978	3.3%
April 2020	14,550	15.7%
May 2020	11,404	12.1%
June 2020	10,581	11.5%
July 2020	11,677	12.4%
August 2020	8,353	9.0%
September 2020	9,890	10.5%
October 2020	8,387	9.0%

Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program: Local Area Employment Statistics
Data Point: Unemployment totals (not seasonally adjusted)

Learn more about Alabama, lending statistics in the following cities…

Montgomery, AL

Read More