Montgomery County, Indiana Income Statistics
Montgomery County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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C
Montgomery County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,247 | $71,967 | $80,455 |
| Median Personal Income | $53,519 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.5% | 4.8% |
| Six-Figure Earners | 9.3% | 10.2% | 13.9% |
| $200k+ Households | 5.9% | 8.2% | 13.2% |
The median household income in Montgomery County is about 1% lower than in Indiana. Income has been growing slower in Montgomery County (4.5%/yr) than in Indiana (4.5%/yr).
About 9% of adults in Montgomery County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Montgomery County, Indiana grew by 47.0% from 2009 to 2024, reaching $71,247 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.534 | 0.552 |
| Male Median Income | $60,574 | $65,086 | $69,667 |
| Female Median Income | $52,606 | $51,220 | $56,850 |
| Gender Pay Gap | 13.2% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Montgomery County, it is 0.517, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 15% more than women's income in Montgomery County, Indiana. Over a 35-year career, a 15% wage gap accumulates to roughly $278,880 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, Indiana has narrowed from about 27% to 13% in 2024. Over that period the gap was widest at 31% in 2019. In dollar terms, the gap has narrowed by $3,803 since 2009.
Employment
| Metric | Montgomery County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.3% | 5.2% |
| Working from Home | 7.4% | 10.7% | 15.0% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 650 people are unemployed in Montgomery County, Indiana.
The average commute time in Montgomery County is 18 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Indiana has fallen from 8.0% to 3.3% in 2024. Over that period the rate peaked at 9.7% in 2013.
Montgomery County, IN Wealth Compared With Nearby Counties
Montgomery County, IN is typical in size for this group, 38,312 residents against a local median of 37,280, so the measures below are close to a like for like comparison. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Montgomery County, IN an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is income growth, 8% below the local median at 4.5%/yr against 4.9%/yr. Montgomery County, IN has the 4th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Montgomery County, IN | 38,312 | $71,247 #3/6 | 4.5%/yr #4/6 | 3.3% #4/6 | 0.517 #2/6 |
| Tippecanoe County, IN | 189,071 | $60,844 | 3.1%/yr | 3.2% | 0.580 |
| Fountain County, IN | 16,615 | $62,702 | 4.0%/yr | 4.7% | 0.510 |
| Putnam County, IN | 37,280 | $77,280 | 4.9%/yr | 3.1% | 0.552 |
| Parke County, IN | 16,406 | $67,694 | 6.0%/yr | 4.4% | 0.561 |
| Boone County, IN | 74,718 | $111,507 | 5.5%/yr | 2.8% | 0.522 |
Conclusion
Considering all these factors, Montgomery County, Indiana has an overall wealth index grade of C, making it about on par with Indiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Montgomery County, Indiana.
How Rich Is Montgomery County, Indiana?
Montgomery County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $71,247, about 1% lower than the Indiana average of $71,967.
How has median household income changed in Montgomery County, Indiana?
Between 2009 and 2024, the median household income in Montgomery County, Indiana rose 47%, from $48,478 to $71,247. Over the same years, income here lagged behind Indiana as a whole: +47% against +52%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Indiana was $67,595, up 10% from $61,638 in 2022. The Indiana median that year was $70,115.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Indiana was $56,869. By 2024 it had risen 25% to $71,247.
What is the Gini coefficient in Montgomery County, Indiana?
The Gini coefficient in Montgomery County is 0.517. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Montgomery County, Indiana?
Since 2009, the income gap between men and women in Montgomery County, Indiana has narrowed from about 27% to 13% in 2024. Over that period the gap was widest at 31% in 2019. In dollar terms, the gap has narrowed by $3,803 since 2009.
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