Montague

Expert Debt Relief & Consumer Proposal Services

_{Montague, debt relief, Ontario}

Montague, a township in Eastern Ontario with a population of about 3,914, faces financial challenges due to a lower average income of $39,200. Many residents, especially seniors and single-person households, struggle with debt as rising living costs outpace their earnings. Limited job opportunities further exacerbate these issues, making debt relief solutions like consumer proposals and credit counselling increasingly vital for the community.

City: Montague
Province/Territory: Ontario (ON), Canada
Est. Population: 3,761

Financial Challenges

Many people living in Montague, Ontario, face financial challenges because the average income is lower than in other parts of the province. With a median after-tax income of $39,200, families may find it hard to save money or pay off debts. Additionally, nearly 20% of the population is 65 years old or older, and many seniors rely on fixed incomes. Rising costs for healthcare and everyday expenses make it difficult for them to make ends meet. There are also many single-person households, and living alone can mean higher costs for things like rent and utilities, adding to financial strain.

Working in Montague can be tough because there aren’t as many job opportunities as the population grows. The unemployment rate in Ontario is expected to rise, which means fewer jobs and lower wages for people in Montague. This makes it hard for residents to find good-paying work to support themselves and their families. With fewer jobs available and income levels not keeping up with living costs, people in Montague may struggle more with money problems and finding ways to improve their financial situation.

Debt Relief Solutions Available

_{*Illustration of Montague, Ontario}

Debt Data

This table includes estimates on the number of residents who are experiencing financial stress situations. You are not alone.

_{The estimates above are based on the following ratios living paycheck to paycheck rate (47%), poverty rate (11.1%), delinquency rate (1.09%), insolvency rate (0.25%), consumer proposal rate (0.19%), personal bankruptcy rate (.06%) from the following sources leger360.com, statcan.gc.ca, consumer.equifax.ca and is, d-isde.canada.ca.}

Areas / Neighbourhoods

• Montague Village: This quaint village is the heart of the township, characterized by its charming rural atmosphere and close-knit community. With local amenities and community events, Montague Village is ideal for families and those seeking a peaceful lifestyle.

• Kemptville: Situated just south of Montague, Kemptville is a vibrant community known for its blend of urban conveniences and natural beauty. It features shopping, dining, and recreational activities, making it a popular area for both residents and visitors.

• North Gower: Located nearby, North Gower has a rich agricultural heritage and offers a rural lifestyle with easy access to urban amenities. It is appreciated for its scenic landscapes and community-focused events.

• Smiths Falls: While slightly outside Montague, Smiths Falls is an attractive nearby town with a rich history. It’s home to several shops, restaurants, and cultural attractions, and serves as a hub for those seeking more urban experiences.

• Rideau Canal Area: The surrounding areas of the Rideau Canal provide beautiful waterfront views and recreational opportunities. It’s a favored spot for outdoor enthusiasts and those looking to enjoy nature trails and water activities.

• Spencerville: A charming community just northwest of Montague, Spencerville boasts a rich history and a strong sense of community. Its small-town appeal draws those who appreciate both heritage and quiet living.

_{Illustration of Montague, Ontario, Canada}

Cost of Living

This table provides a breakdown of various average cost-of-living expenses in Montague, Canada to help understand the financial requirements for different living situations.

_{The cost of living data is based on provincial averages and may differ between cities, towns, and rural areas.}

Top Questions

1. What is the average cost of housing in Montague, Ontario?
2. How does the cost of living in Montague compare to nearby cities?
3. What are the primary economic drivers in Montague, Ontario?
4. Are there any financial assistance programs available for residents facing economic challenges in Montague?
5. What is the employment rate in Montague, and what industries are hiring?
6. How have property taxes in Montague changed in recent years?
7. What resources are available for financial planning and budgeting for Montague residents?
   

If you have a question about debt see our debt related question or ask your own debt related question.

Overview

Montague, located in Eastern Ontario, is a township known for its rural lifestyle and friendly community. With a population of about 3,914, it offers a mix of outdoor activities and local events that bring residents together. The area is surrounded by beautiful natural landscapes, including rivers and forests, making it a great spot for hiking, fishing, and enjoying the outdoors. The township hosts various community events throughout the year, fostering a strong sense of belonging among its residents. With a median age of 42.7 years, it showcases a diverse age structure, contributing to a balanced community environment.