$56,539.
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $56,539 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $32,463 |
| Persons in poverty, percent | 12.4% |
What is middle class income in Montana?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Montana | $59,496 | $57,153 |
| Minnesota | $58,903 | $74,593 |
| Idaho | $58,866 | $60,999 |
| Florida | $58,833 | $59,227 |
What is the average individual income in Montana?
Personal income in Montana – income per capita 2000-2021
In 2021, the per capita personal income in Montana was 56,672 U.S. dollars. Per capita personal income is calculated as the personal income of the residents of a given area divided by the resident population of the area.
What is the average income in Montana in 2021?
In 2021, the average annual pay of employees in Montana totaled to 51,322 U.S. dollars. This is an increase from 2001 levels, when this value stood at 25,195 U.S. dollars.
Is Montana a poor state?
According to the American Fact Finder 2012, the poverty level of Montana is 15.5% of the population with an estimated 152,199 people in the state living below the poverty threshold.
What is considered Upper Class in Montana?
While ZipRecruiter is seeing salaries as high as $99,734 and as low as $19,460, the majority of salaries within the Upper Class jobs category currently range between $37,460 (25th percentile) to $65,191 (75th percentile) with top earners (90th percentile) making $80,759 annually in Montana.
What is considered low income Montana?
Compare Jurisdictions
| Annual Income Needed to Afford | Montana | Billings HMFA |
|---|---|---|
| Zero-Bedroom | $25,786 | $25,240 |
| One-Bedroom | $28,715 | $29,000 |
| Two-Bedroom | $36,931 | $38,240 |
| Three-Bedroom | $50,841 | $52,840 |
What salary do you need to live comfortably in Montana?
What is a good salary in Montana? The recommended salary in Bozeman, Montana is $5,834 per month or $70,008 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment which sits at $1,750.
What is a good salary in Montana?
Recommended Salary in Montana
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $75,894 | $6,324 |
| 75th Percentile | $59,840 | $4,986 |
| Average | $54,510 | $4,542 |
| 25th Percentile | $36,001 | $3,000 |
What salary do you need to live in Montana?
Average Cost of Living in Montana: $42,310 per year
Take a good look at your monthly budget if you’re planning a move to Montana.
Why is Montana cost of living so high?
Final Verdict: Why is Montana so Expensive? Due to increased demand and reduced supply, the housing market in Montana is experiencing a significant boom. These high prices trickle down into the rest of the economy, resulting in a higher cost of living than the national average.
Is cost of living high in Montana?
Montana is generally average in cost, or maybe a little more expensive than average when it comes expenses, and lower in wages than average in the United States. USAToday ranked Montana as one of the ten worst states to make a living because of low wages and above average cost of living.
What is the average rent in Montana?
Montana Rent Trends
| Average Rent | Mar / 2022 | Jul / 2022 |
|---|---|---|
| Montana | $1,384 | $1,461 |
| National | $1,634 | $1,706 |
What is the poorest town in Montana?
Conrad
Though Conrad ranks as the poorest town in Montana, the median income in the small northern Montana city is not much lower than the median income across the state as a whole. The typical household in Conrad earns $43,372 a year, only about $7,000 less than the median annual household income statewide.
What is America’s poorest state?
Mississippi
Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines. Fifteen percent of residents are food insecure.
What are the 10 poorest states in the US?
These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Kentucky, Arkansas, West Virginia, Alabama, the District of Columbia, South Carolina, and Georgia.
What salary is considered rich for a single person?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.
What is considered a large salary?
A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What net worth is considered wealthy?
In the U.S. overall, it takes a net worth of $2.2 million to be considered “wealthy” by other Americans — up from $1.9 million last year, according to financial services company Charles Schwab’s annual Modern Wealth Survey.
What is the poorest county in Montana?
McCone
Montana counties ranked by per capita income
| Rank | County | Per capita income |
|---|---|---|
| 1 | McCone | $32,205 |
| 2 | Gallatin | $27,423 |
| United States | $27,334 | |
| 3 | Stillwater | $27,168 |
Does Montana have affordable housing?
Affordable Housing Programs in Montana
There are currently over 23,000 housing units in Montana that are supported by one or more affordable housing programs. This is a substantial number, yet in comparison to the more than 510,000 housing units of all kinds in the state, it is clearly a tiny segment of the market.