Billings, Montana Income Statistics
Billings Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Billings Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Billings | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,991 | $72,476 | $80,455 |
| Median Personal Income | $55,277 | $54,706 | $60,758 |
| Average Yearly Income Growth | 4.0% | 5.2% | 4.8% |
| Six-Figure Earners | 10.4% | 10.8% | 13.9% |
| $200k+ Households | 8.7% | 9.0% | 13.2% |
The median household income in Billings is about 2% lower than in Montana. Income has been growing slower in Billings (4.0%/yr) than in Montana (5.2%/yr).
About 10% of adults in Billings earn six figures ($100,000 or more) a year, about the same as the Montana average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Billings, Montana grew by 60.4% from 2009 to 2024, reaching $70,991 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Billings
| Metric | Billings | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.523 | 0.552 |
| Male Median Income | $64,598 | $64,583 | $69,667 |
| Female Median Income | $50,774 | $50,364 | $56,850 |
| Gender Pay Gap | 21.4% | 22.0% | 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 Billings, it is 0.509, lower than Montana's 0.523, 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 27% more than women's income in Billings, Montana. Over a 35-year career, a 27% wage gap accumulates to roughly $483,840 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Billings, Montana has narrowed from about 27% to 21% in 2024. Over that period the gap was widest at 30% in 2013. In dollar terms, the gap has widened by $2,464 since 2009.
Employment
| Metric | Billings | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 3.6% | 5.2% |
| Working from Home | 8.7% | 12.5% | 15.0% |
| Commute time (minutes) | 15 | 16 | 22 |
Approximately 1,776 people are unemployed in Billings, Montana.
The average commute time in Billings is 15 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Billings, Montana has fallen from 4.8% to 3.5% in 2024. Over that period the rate peaked at 5.5% in 2013 and fell as low as 3.4% in 2019.
Conclusion
Considering all these factors, Billings, Montana has an overall wealth index grade of B, making it somewhat better than Montana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Billings, Montana.
How Rich Is Billings, Montana?
Billings has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $70,991, about 2% lower than the Montana average of $72,476.
Are incomes growing in Billings, Montana?
Between 2009 and 2024, the median household income in Billings, Montana rose 60%, from $44,255 to $70,991. Over the same years, income here lagged behind Montana as a whole: +60% against +68%.
What was the median household income in Billings in 2023?
In 2023, the median household income in Billings, Montana was $69,237, up 2% from $67,882 in 2022. The Montana median that year was $69,624.
What was the median household income in Billings in 2020?
In 2020, the median household income in Billings, Montana was $58,635. By 2024 it had risen 21% to $70,991.
What is the Gini coefficient in Billings, Montana?
The Gini coefficient in Billings is 0.509. 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 Billings, Montana?
Since 2009, the income gap between men and women in Billings, Montana has narrowed from about 27% to 21% in 2024. Over that period the gap was widest at 30% in 2013. In dollar terms, the gap has widened by $2,464 since 2009.
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