Places/PA/Montgomery County, PA
County profile

Montgomery County, PA

United States · GDP 2024
#54 of 3,127 US counties by GDP50th-percentile growthmore diversified than 99% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$110.4B
BEA · 2024
GDP growth (YoY)
+4.4%
BEA · 2024
Jobs tracked
559,196
Census CBP · 2023
Employers
26,711
Census CBP · 2023
Avg. wage
$85.0k
BLS QCEW · 2023
Population
877,643
Census PEP · 2025
Labor, income & education
Unemployment
3.2%
Median HH income
$113.9k±$1.9k
Bachelor's degree+
53.0%±0.7%
Poverty rate
6.5%±0.4%
Business applications
12,194 · 2025
Retail establishments
2,949
33.7/10k pop
Industry mix · employment
Health care28%
Professional services18%
Retail trade16%
Finance & insurance13%
Admin & support13%
Manufacturing13%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
877,643
residents · 2025 · +2.4% since 2020
Income per capita $104.4k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration+7,477
International migration+12,335
Natural change+1,341

GDP trend

20192024 · nominal
$83.5B
2019
$85.6B
2020
$94.0B
2021
$102.0B
2022
$105.8B
2023
$110.4B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$436.7k±$2.8k
Median gross rent
$1.7k/mo±$19/mo
Vacancy rate
4.2%±0.3%
Affordability
5.1× wages
Residential permits
$649.0M
2,231 units · 2.5/1k pop
FEMA risk score
96.8
HUD Fair Market Rent (2BR):$1.8k/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 100Strong wind 99Cold wave 98
FHFA HOUSE PRICE INDEX · 20162025
589
2016
607
2017
630
2018
651
2019
673
2020
742
2021
843
2022
921
2023
975
2024
1020
2025
RESIDENTIAL PERMITS · 20212025
49% since 2021
1,498
2021
2,138
2022
1,425
2023
2,490
2024
2,231
2025

Transport access

BTS · FAA · USACE
Nearest interstate
3.4 km
I-476
Nearest freight rail
5.9 km
PN
Nearest port
33.0 km
DUPONT, SCHUYLKILL RIVER WHARF
Nearest commercial airport
39.2 km
PHILADELPHIA INTL
Wage trend
BLS QCEW · 20192023
$85.0k
avg. annual pay · +19% since 2019
The read

What is the GDP of Montgomery?

Montgomery's economy produced $110.4B in 2024, growing 4.4% year over yearabout the middle of the pack among US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.