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Montgomery County, MO

Migration of people and income, 20222023 filing years

At a glance (2023)

Cost of living
91
9% below the U.S. average
Median home value
$171,300
national $303,400
Home prices, 5 years
+40.9%
over the 5 years to 2023
Monthly rent
$767
national $1,348
Homeownership
73%
national 65%
Unemployment
3.2%
national 3.6%
Household income
$61,042
national $78,538
Median age
43.8 yrs
national 38.7

Cost of living is the statewide price level for Missouri (state avg).

The cost of living runs about 9% below the national average. The median home is valued at $171,300 (nominal). Home prices have risen about 41% over the five years to 2023. Median rent is about $767 a month. Unemployment averaged 3.2% in 2023 (national 3.6%). Median household income is $61,042. These figures describe all residents, not just tax filers, come from separate sources than the migration data on this page, and do not indicate why anyone moved.

Between the 2022 and 2023 filing years, Montgomery County, MO saw a net gain of 16 tax-filing households and a net gain of 19 individuals. Against a population of about 11,459, that is a net inflow of about 1.7 per 1,000 residents. On net, the area gained $2.3M in associated adjusted gross income (AGI, nominal dollars). The largest inflow, about 57 households, came from St. Charles County; the largest outflow, about 52 households, went to Warren County. In the prior (2022) filing year, the area saw a net gain of 156 individuals. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
+$2.3M
nominal dollars
Net households
+16
tax returns
Net people
+19
exemptions

+1.7 net people per 1,000 residents (population 11,459)

Income (AGI) in and out

Moved in$14.5M
Moved out$12.2M
Net +$2.3M (nominal)
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Montgomery County within Missouri

Montgomery County is outlined, with arrows tracing its largest moves to and from other Missouri counties. Hover any county for its figures; click to open it.

Net outNet in(AGI $)
Hover an area to trace its top 5 inbound (in) and outbound (out) moves.
Net income (AGI) that moved in minus out, in nominal dollars (not adjusted for inflation).Net tax returns (filing households) that moved in minus out.Net people per 1,000 residents, so larger and smaller areas compare fairly.
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Where movers came from

  1. 1St. Charles County, MO57$3.5M
  2. 2Warren County, MO56$2.6M
  3. 3Lincoln County, MO29$1.1M
  4. 4St. Louis County, MO29$1.4M
  5. 5Audrain County, MO28$1.3M
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Where movers went

  1. 1Warren County, MO52$2.2M
  2. 2St. Charles County, MO27$1.1M
  3. 3Lincoln County, MO25$1M
  4. 4Audrain County, MO22$753K
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Churn by county · both directions at once

The biggest two-way exchanges of filing households, 20222023. Moved in and moved out are gross one-way counts; net is the difference. Click a column to sort.

Warren County, MO5652+4+$389K
St. Charles County, MO5727+30+$2.4M
Lincoln County, MO2925+4+$40K
Audrain County, MO2822+6+$553K
St. Louis County, MO29

Counts are filing households (IRS returns), matching the lists above; income is nominal AGI. A dash means the IRS published only one direction of that exchange (small flows are suppressed), so no net is computed.

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Net migration by year

Net 2012–2023: +$14.2M (+122 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012-$1.2M-86
2013-$2.8M-99
2014+$1.5M+19
2015-$2.5M-113
2016-$839K-92
2017+$2.4M+9
2018-$361K-32
2019-$215K+41
2020+$4M+76
2021+$8.9M+224
2022+$3M+156
2023+$2.3M+19
Migration in context

How big is this move, relative to the county?

In the 20222023 filing year, about 19 more people moved into Montgomery County, MO than left (counting tax filers and their dependents) — a net gain of about $2.3M in income (nominal) — in a county of 11,464 people.

Population
11,464
Census 2023 estimate
Net migration rate
+1.7
net people per 1,000 residents
A town of 10,000 would net about +17 people.
Net income per resident
+$200
nominal dollars
+$2.3M total across 11,464 residents.

The rate lets you compare Montgomery County, MO with a countyof any size: it’s the net flow divided by population. The IRS counts tax filers; population counts all residents, so read the rate as a scale indicator, not a literal share of people.

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Components of population change · 2023 (Census)

Where the county’s overall change came from. Census counts all residents; the IRS migration above is one slice of the domestic-migration component.

Births
+113
Deaths
-159
Net domestic migration
+42
Net international migration
0
Total change
-7

Source: U.S. Census Bureau, Population Estimates Program. Figures are people, not tax filers.

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Income & cost of living

What a dollar is worth here

Prices around Montgomery County, MO run about 9% below the national average. In plain terms: $100 spent here buys about what $110 buys in the average American community. The figures below apply that to income, each compared to the U.S. average of $70,002 per person.

Income per person
$55,662
what people here earn (BEA 2023, nominal)
20% below the U.S. average
Price level
91.1
100 = U.S. average prices (BEA price parity)
everyday costs about 8.9% lower than average
What that income buys
$61,097
local income restated at U.S.-average prices
13% below the U.S. average
Cheaper than U.S. avgU.S. average (100)Pricier

This county isn't in a metro area that BEA prices separately, so cost of living shows the Missouri (state avg) figure.

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Where the cost comes from · price parity by category

Index where 100 = U.S. average for that category. Housing is usually what separates one place from another.

Housing & rents70.5
Goods97.3
Utilities85.6
Other services94.4

Housing is measured from rents (including an estimated rental value for owner-occupied homes), so a run-up in purchase prices shows here only as it reaches rents. Source: U.S. Bureau of Economic Analysis. Covers all residents, a separate universe from the IRS filer income above. How the data works.

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Who lives here

The people of Montgomery County, MO

American Community Survey, 2019–2023 (a 5-year average of all residents, not just tax filers).

Median age
43.8
years
Median household income
$61,042
per household (ACS 2019–2023, nominal)
22% below the U.S. median
College degree
16%
adults 25+ with a bachelor's or higher
Poverty rate
14.5%
residents below the poverty line
Average commute
28 min
mean travel time to work
Broadband at home
81%
households with any broadband
Race and ethnicity (share of residents)
White 93%Hispanic 2%Black 2%Asian 0%Other 3%

White, Black, and Asian counts are people who are not Hispanic or Latino; Hispanic or Latino can be of any race. Shares are rounded and may not total 100.

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Covers all residents, a separate universe from the IRS filer data. A 5-year estimate is an average over 2019–2023; compare years at least five apart, since consecutive windows overlap. How the data works.

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Housing · what it costs to live here (ACS 2019–2023)

Median home value
$171,300
owner-occupied homes
44% below the U.S. median
Median rent
$767
gross rent per month
43% below the U.S. median
Homeownership
73%
of occupied homes are owner-occupied
Home-price appreciation · FHFA index, 2023
Past year
+7.9%
price change, 2022 to 2023
Past 5 years
+41%
price change, 2018 to 2023

A repeat-sales index (how much the same homes changed in price), so it tracks the market over time rather than the current level. Source: Federal Housing Finance Agency, annual all-transactions HPI; the county series is FHFA’s developmental index.

New home construction · building permits, 2023
50new housing units authorized in 2023
Single-family 100%Multifamily 0%

Units authorized by residential building permits (new supply), summed from counties for the state and U.S. Permits are authorizations, not completions. Source: U.S. Census Bureau, Building Permits Survey.

Home value is what owners estimate their homes are worth, not recent sale prices. Source: U.S. Census Bureau, American Community Survey 5-year estimates (2019–2023), nominal dollars. How the data works.

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Local economy & risk

Jobs and natural hazards

Unemployment rate
3.2%
BLS 2023 annual average
Labor force
5,869
5,683 employed
Disaster declarations
major federal, 2023

Sources: U.S. Bureau of Labor Statistics (LAUS) and FEMA. A disaster declaration marks federal assistance eligibility, not damage severity, and says nothing about why anyone moved. How the data works.

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Unemployment now
2.9%
April 2026 · ▼ 0.2 points vs April 2025
January 2024April 2026

Source: U.S. Bureau of Labor Statistics (LAUS). Monthly unemployment for this county, not seasonally adjusted. Updated every month, so it moves faster than the annual average above. How the data works.

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How Montgomery County, MO has voted. Certified returns, popular vote only. This is a separate dataset from the migration figures on this page.

YearDemocraticRepublicanOtherMarginTotal
20241,1704,77652R +60.15,998
20201,2084,46599R +56.45,772
20161,1194,127183R +55.45,429
20121,7403,49097R +32.95,327
20082,3473,42881R +18.55,856
20042,1473,56350R +24.65,760
20002,0923,106105R +19.15,303

Source: MIT Election Data and Science Lab county returns (CC0). Margins are the popular-vote gap as a share of all votes cast.

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