Bozeman, Montana Income Statistics
Bozeman 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.
-
C
Bozeman Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bozeman | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,952 | $72,476 | $80,455 |
| Median Personal Income | $58,168 | $54,706 | $60,758 |
| Average Yearly Income Growth | 8.0% | 5.2% | 4.8% |
| Six-Figure Earners | 13.4% | 10.8% | 13.9% |
| $200k+ Households | 13.3% | 9.0% | 13.2% |
The median household income in Bozeman is about 19% higher than in Montana. Income has been growing faster in Bozeman (8.0%/yr) than in Montana (5.2%/yr).
About 13% of adults in Bozeman earn six figures ($100,000 or more) a year, higher than the Montana average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bozeman, Montana grew by 116.4% from 2009 to 2024, reaching $85,952 in 2024. That's an average of about 8.0% per year.
Income Inequality and the Gender Pay Gap in Bozeman
| Metric | Bozeman | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.523 | 0.552 |
| Male Median Income | $66,576 | $64,583 | $69,667 |
| Female Median Income | $57,518 | $50,364 | $56,850 |
| Gender Pay Gap | 13.6% | 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 Bozeman, it is 0.526, about the same as Montana's 0.523, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Bozeman, Montana. Over a 35-year career, a 16% wage gap accumulates to roughly $317,030 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bozeman, Montana has narrowed from about 20% to 14% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 8% in 2017. In dollar terms, the gap has widened by $1,929 since 2009.
Employment
| Metric | Bozeman | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 3.6% | 5.2% |
| Working from Home | 16.1% | 12.5% | 15.0% |
| Commute time (minutes) | 13 | 16 | 22 |
Approximately 839 people are unemployed in Bozeman, Montana.
The average commute time in Bozeman is 13 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bozeman, Montana has fallen from 6.7% to 2.8% in 2024. Over that period the rate peaked at 8.1% in 2014 and fell as low as 2.8% in 2022.
Conclusion
Considering all these factors, Bozeman, Montana has an overall wealth index grade of C, making it about on par with Montana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bozeman, Montana.
How Rich Is Bozeman, Montana?
Bozeman 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 $85,952, about 19% higher than the Montana average of $72,476.
Are incomes growing in Bozeman, Montana?
Between 2009 and 2024, the median household income in Bozeman, Montana rose 116%, from $39,720 to $85,952. Over the same years, income here outpaced Montana as a whole: +116% against +68%.
What was the median household income in Bozeman in 2023?
In 2023, the median household income in Bozeman, Montana was $81,081, up 12% from $72,656 in 2022. The Montana median that year was $69,624.
What was the median household income in Bozeman in 2020?
In 2020, the median household income in Bozeman, Montana was $57,840. By 2024 it had risen 49% to $85,952.
What is the Gini coefficient in Bozeman, Montana?
The Gini coefficient in Bozeman is 0.526. 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 Bozeman, Montana?
Since 2009, the income gap between men and women in Bozeman, Montana has narrowed from about 20% to 14% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 8% in 2017. In dollar terms, the gap has widened by $1,929 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →