Montgomery vs Waterville

A side-by-side comparison of Montgomery and Waterville: population, income, housing, and more.

Montgomery and Waterville are places in Minnesota. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Montgomery has the higher population (3,366 vs 1,778 in Waterville). Montgomery has the higher median household income ($74,018 vs $67,721 in Waterville). Montgomery has the higher median home value ($218,900 vs $216,700 in Waterville).

Population, income & housing

	Montgomery	Waterville
Population	3,366	1,778
Median age	39.1 yrs	45.1 yrs
Median household income	$74,018	$67,721
Median home value	$218,900	$216,700
Median gross rent	$896	$835
Housing units	1,467	1,008
Homeownership rate	80.9%	76.7%
Bachelor's degree or higher	20.3%	17.1%
Unemployment rate	3.5%	5.9%

Trends (ACS 5-year, 2019–2023)

	Montgomery	Waterville
Population	2,977 → 3,366 (+13.1%)	1,872 → 1,778 (-5.0%)
Median household income	$55,337 → $74,018 (+33.8%)	$51,736 → $67,721 (+30.9%)
Median home value	$151,600 → $218,900 (+44.4%)	$133,300 → $216,700 (+62.6%)
Median gross rent	$909 → $896 (-1.4%)	$732 → $835 (+14.1%)

Montgomery

Population

2,9773,366

Median household income

$55,337$74,018

Median home value

$151,600$218,900

Median gross rent

$909$896

Waterville

Population

1,8721,778

Median household income

$51,736$67,721

Median home value

$133,300$216,700

Median gross rent

$732$835

Age & race/ethnicity

Age distribution (share)

	Montgomery	Waterville
Under 5	4.6%	4.4%
5 to 17	20.3%	12.8%
18 to 24	7.2%	8.5%
25 to 34	13.8%	12.2%
35 to 44	15.7%	11.8%
45 to 54	7.3%	15.1%
55 to 64	12.1%	14.8%
65 to 74	12.3%	13.0%
75 and over	6.7%	7.3%

Race & ethnicity (share)

	Montgomery	Waterville
White (non-Hispanic)	91.9%	87.4%
Black or African American	1.0%	1.1%
American Indian & Alaska Native	1.1%	1.4%
Asian	0.0%	0.3%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.8%	0.1%
Two or more races	1.7%	3.2%
Hispanic or Latino	3.6%	6.5%

Educational attainment (age 25+)

Share of adults 25+

	Montgomery	Waterville
No high school diploma	3.6%	8.4%
High school graduate	35.9%	35.1%
Some college or associate's	40.2%	39.4%
Bachelor's degree	15.4%	12.2%
Graduate or professional degree	5.0%	4.9%

Commute to work

How workers get to work (share)

	Montgomery	Waterville
Drove alone	72.5%	83.5%
Carpooled	4.4%	9.4%
Public transit	0.0%	0.0%
Walked	8.8%	3.1%
Bicycle	0.0%	1.2%
Worked from home	13.7%	2.4%
Other means	0.7%	0.5%

Housing

Units in structure (share)

	Montgomery	Waterville
1-unit, detached	74.6%	74.7%
1-unit, attached	9.7%	2.5%
2 to 4 units	7.2%	10.0%
5 to 19 units	2.2%	7.8%
20 or more units	4.0%	2.0%
Mobile home & other	2.4%	3.0%

Poverty & households

	Montgomery	Waterville
Poverty rate	5.8%	11.5%
Average household size	2.29	2.07
Mean commute (minutes)	23	26
Median year structure built	1963	1967