Butte-Silver Bow (balance), Montana Income Statistics
Butte-Silver Bow (balance) 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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C
Butte-Silver Bow (balance) Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Butte-Silver Bow (balance) | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,295 | $72,476 | $80,455 |
| Median Personal Income | $52,200 | $54,706 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.2% | 4.8% |
| Six-Figure Earners | 7.6% | 10.8% | 13.9% |
| $200k+ Households | 4.6% | 9.0% | 13.2% |
The median household income in Butte-Silver Bow (balance) is about 15% lower than in Montana. Income has been growing faster in Butte-Silver Bow (balance) (5.7%/yr) than in Montana (5.2%/yr).
About 8% of adults in Butte-Silver Bow (balance) earn six figures ($100,000 or more) a year, lower than the Montana average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Butte-Silver Bow (balance), Montana grew by 62.2% from 2009 to 2024, reaching $61,295 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Butte-Silver Bow (balance)
| Metric | Butte-Silver Bow (balance) | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.523 | 0.552 |
| Male Median Income | $61,346 | $64,583 | $69,667 |
| Female Median Income | $45,848 | $50,364 | $56,850 |
| Gender Pay Gap | 25.3% | 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 Butte-Silver Bow (balance), it is 0.520, 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 34% more than women's income in Butte-Silver Bow (balance), Montana. Over a 35-year career, a 34% wage gap accumulates to roughly $542,430 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Butte-Silver Bow (balance), Montana has narrowed from about 34% to 25% in 2024. Over that period the gap was widest at 35% in 2021, and was narrowest at 25% in 2015. In dollar terms, the gap has widened by $1,492 since 2009.
Employment
| Metric | Butte-Silver Bow (balance) | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 3.6% | 5.2% |
| Working from Home | 7.6% | 12.5% | 15.0% |
| Commute time (minutes) | 12 | 16 | 22 |
Approximately 716 people are unemployed in Butte-Silver Bow (balance), Montana.
The average commute time in Butte-Silver Bow (balance) is 12 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Butte-Silver Bow (balance), Montana has fallen from 5.2% to 4.0% in 2024. Over that period the rate peaked at 7.2% in 2014.
Conclusion
Considering all these factors, Butte-Silver Bow (balance), 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 Butte-Silver Bow (balance), Montana.
How Rich Is Butte-Silver Bow (balance), Montana?
Butte-Silver Bow (balance) 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 $61,295, about 15% lower than the Montana average of $72,476.
How fast is household income rising in Butte-Silver Bow (balance), Montana?
Between 2009 and 2024, the median household income in Butte-Silver Bow (balance), Montana rose 62%, from $37,796 to $61,295. Over the same years, income here lagged behind Montana as a whole: +62% against +68%.
What was the median household income in Butte-Silver Bow (balance) in 2023?
In 2023, the median household income in Butte-Silver Bow (balance), Montana was $57,546, up 4% from $55,565 in 2022. The Montana median that year was $69,624.
What was the median household income in Butte-Silver Bow (balance) in 2020?
In 2020, the median household income in Butte-Silver Bow (balance), Montana was $49,104. By 2024 it had risen 25% to $61,295.
What is the Gini coefficient in Butte-Silver Bow (balance), Montana?
The Gini coefficient in Butte-Silver Bow (balance) is 0.520. 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 Butte-Silver Bow (balance), Montana?
Since 2009, the income gap between men and women in Butte-Silver Bow (balance), Montana has narrowed from about 34% to 25% in 2024. Over that period the gap was widest at 35% in 2021, and was narrowest at 25% in 2015. In dollar terms, the gap has widened by $1,492 since 2009.
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