Broadwater County, Montana Income Statistics
Broadwater 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.
-
C
Broadwater County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Broadwater County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,169 | $72,476 | $80,455 |
| Median Personal Income | $57,073 | $54,706 | $60,758 |
| Average Yearly Income Growth | 3.8% | 5.2% | 4.8% |
| Six-Figure Earners | 12.3% | 10.8% | 13.9% |
| $200k+ Households | 9.8% | 9.0% | 13.2% |
The median household income in Broadwater County is about 5% lower than in Montana. Income has been growing slower in Broadwater County (3.8%/yr) than in Montana (5.2%/yr).
About 12% of adults in Broadwater County 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 Broadwater County, Montana grew by 62.9% from 2009 to 2024, reaching $69,169 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Broadwater County
| Metric | Broadwater County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.523 | 0.552 |
| Male Median Income | $82,007 | $64,583 | $69,667 |
| Female Median Income | $49,942 | $50,364 | $56,850 |
| Gender Pay Gap | 39.1% | 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 Broadwater County, it is 0.530, higher than Montana's 0.523, so income is less 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 64% more than women's income in Broadwater County, Montana. Over a 35-year career, a 64% wage gap accumulates to roughly $1,122,275 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Broadwater County, Montana has widened from about -9% to 39% in 2024. In dollar terms, the gap has widened by $34,978 since 2009.
Sharply against the trend: the pay gap in Broadwater County widened by 47.6 points while Montana's narrowed by 6.2 points.
Employment
| Metric | Broadwater County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 3.6% | 5.2% |
| Working from Home | 10.5% | 12.5% | 15.0% |
| Commute time (minutes) | 30 | 16 | 22 |
Approximately 139 people are unemployed in Broadwater County, Montana.
The average commute time in Broadwater County is 30 minutes, longer than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Broadwater County, Montana has fallen from 4.9% to 3.5% in 2024. Over that period the rate peaked at 10.1% in 2020.
Broadwater County, MT Wealth Compared With Nearby Counties
Broadwater County, MT is the 5th largest of the 6 counties compared here, 7,668 residents against a local median of 12,778. Broadwater County, MT's income growth, at 3.8%/yr, runs 38% below the 6.2%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 2.5%/yr on income growth, so Broadwater County, MT sits at one end of an already wide local range rather than apart from it. Broadwater County, MT has the 6th 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. |
|---|---|---|---|---|---|
| Broadwater County, MT | 7,668 | $69,169 #4/6 | 3.8%/yr #6/6 | 3.5% #5/6 | 0.530 #6/6 |
| Jefferson County, MT | 12,778 | $93,727 | 5.0%/yr | 4.2% | 0.526 |
| Meagher County, MT | 2,007 | $68,289 | 7.5%/yr | 1.0% | 0.520 |
| Gallatin County, MT | 124,072 | $95,089 | 6.6%/yr | 2.3% | 0.519 |
| Cascade County, MT | 84,603 | $67,044 | 5.0%/yr | 3.1% | 0.513 |
| Madison County, MT | 9,223 | $75,394 | 6.2%/yr | 3.1% | 0.507 |
Conclusion
Considering all these factors, Broadwater County, Montana has an overall wealth index grade of C, making it somewhat better than Montana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Broadwater County, Montana.
How Rich Is Broadwater County, Montana?
Broadwater 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 $69,169, about 5% lower than the Montana average of $72,476.
How has median household income changed in Broadwater County, Montana?
Between 2009 and 2024, the median household income in Broadwater County, Montana rose 63%, from $42,457 to $69,169. Over the same years, income here lagged behind Montana as a whole: +63% against +68%.
What was the median household income in Broadwater County in 2023?
In 2023, the median household income in Broadwater County, Montana was $63,902, up 3% from $61,928 in 2022. The Montana median that year was $69,624.
What was the median household income in Broadwater County in 2020?
In 2020, the median household income in Broadwater County, Montana was $55,799. By 2024 it had risen 24% to $69,169.
What is the Gini coefficient in Broadwater County, Montana?
The Gini coefficient in Broadwater County is 0.530. 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 Broadwater County, Montana?
Since 2009, the income gap between men and women in Broadwater County, Montana has widened from about -9% to 39% in 2024. In dollar terms, the gap has widened by $34,978 since 2009.
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