Montgomery is a city in Alabama state in USA with a population of 199054 residents.. The poverty rate of Montgomery is 20.1%, which is 44% higher than national average. The typical household in Montgomery earns $49608 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 50.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Montgomery, only 87% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Montgomery remained 6.8%, which is 45% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Montgomery, only 33% of adults have a bachelor's degree and 30% have some college but no degree.

Cost of living in Montgomery is 86, which is 14% lower than national average. Median home value in Montgomery is $121100 , which is 47% lower than national average. While median income in Montgomery remained $49608, which is 27% lower than national average.