The labor pool participation rate in Montgomery is 69.3%, with an unemployment rate of 3.4%. For people within the work force, the average commute time is 21.9 minutes. 2.8% of Montgomery’s population have a masters diploma, and 9.9% have a bachelors degree. For many without a college degree, 31.5% have at least some college, 44.3% have a high school diploma, and just 11.4% have received an education not as much as senior school. 4.5% are not included in medical insurance.
The typical family size in Montgomery, PA is 3.13 family members, with 58.3% being the owner of their very own houses. The average home appraisal is $105023. For individuals paying rent, they pay out an average of $773 monthly. 56.3% of homes have 2 incomes, and an average domestic income of $53859. Median individual income is $26667. 18.6% of citizens exist at or beneath the poverty line, and 17.8% are considered disabled. 8.9% of residents are veterans associated with US military.
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