Wealth Index
Less wealthy than 89% of counties in Kansas
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.
Income Statistics Overview
| Metric | Montgomery County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,468 | $72,682 | $78,145 |
| Median Personal Income | $48,345 | $56,764 | $61,726 |
| Average income growth | 3.4% | 4.3% | 5.1% |
| Six-Figure Earners | 5.0% | 10.6% | 13.2% |
The median household income in Montgomery County is about 26% lower than in Kansas. Income has been growing slower in Montgomery County (3.4%/yr) than in Kansas (4.3%/yr).
About 5% of adults in Montgomery County earn six figures ($100,000 or more) a year, lower than the Kansas average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Montgomery County, Kansas grew by 39.6% from 2009 to 2023, reaching $53,468 in 2023. That's an average of about 3.4% per year.
Economic Inequality in Montgomery County | Gender Pay Gap | Gini Coefficient
| Metric | Montgomery County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.539 | 0.570 |
| Male Median Income | $55,619 | $63,363 | $67,746 |
| Female Median Income | $43,144 | $49,832 | $54,793 |
| Gender Pay Gap | 22.4% | 21.4% | 19.1% |
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 0.528, lower than Kansas's 0.539, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Montgomery County, Kansas. Over a 35-year career, a 29% wage gap accumulates to roughly $436,625 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, Kansas has narrowed from about 23% to 22% in 2023. In dollar terms, the gap has widened by $4,080 since 2009.
Employment
| Metric | Montgomery County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 3.9% | 5.2% |
| Working from Home | 3.3% | 10.7% | 13.4% |
| Commute time (minutes) | 13 | 17 | 22 |
Approximately 543 people are unemployed in Montgomery County, Kansas.
The average commute time in Montgomery County is 13 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Kansas has fallen from 10.3% to 3.9% in 2023.
Conclusion
Considering all these factors, Montgomery County, Kansas has an overall wealth index grade of D, making it somewhat worse than Kansas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Montgomery County, Kansas.
How Rich Is Montgomery County, Kansas?
Montgomery County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,468, about 26% lower than the Kansas average of $72,682.
What is the current median household income in Montgomery County, Kansas?
As of 2023, the median household income in Montgomery County, Kansas is $53,468.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Kansas was $53,468.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Kansas was $45,302.
What is the Gini coefficient in Montgomery County, Kansas?
The Gini coefficient in Montgomery County is 0.528. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Montgomery County, Kansas?
Since 2009, the income gap between men and women in Montgomery County, Kansas has narrowed from about 23% to 22% in 2023. In dollar terms, the gap has widened by $4,080 since 2009.