Granite County, Montana Income Statistics
Granite 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.
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D
Granite County Well below averageLess wealthy than 75% of counties in Montana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Granite County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,374 | $72,476 | $80,455 |
| Median Personal Income | $49,097 | $54,706 | $60,758 |
| Average Yearly Income Growth | 2.8% | 5.2% | 4.8% |
| Six-Figure Earners | 8.9% | 10.8% | 13.9% |
| $200k+ Households | 4.5% | 9.0% | 13.2% |
The median household income in Granite County is about 18% lower than in Montana. Income has been growing slower in Granite County (2.8%/yr) than in Montana (5.2%/yr).
About 9% of adults in Granite County 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 Granite County, Montana grew by 68.0% from 2009 to 2024, reaching $59,374 in 2024. That's an average of about 2.8% per year.
Income Inequality and the Gender Pay Gap in Granite County
| Metric | Granite County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.523 | 0.552 |
| Male Median Income | $60,587 | $64,583 | $69,667 |
| Female Median Income | $39,809 | $50,364 | $56,850 |
| Gender Pay Gap | 34.3% | 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 Granite County, it is 0.516, 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 52% more than women's income in Granite County, Montana. Over a 35-year career, a 52% wage gap accumulates to roughly $727,230 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Granite County, Montana has widened from about 21% to 34% in 2024. Over that period the gap was widest at 46% in 2011, and was narrowest at 16% in 2022. In dollar terms, the gap has widened by $12,959 since 2009.
Sharply against the trend: the pay gap in Granite County widened by 13.5 points while Montana's narrowed by 6.2 points.
Employment
| Metric | Granite County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.6% | 5.2% |
| Working from Home | 9.9% | 12.5% | 15.0% |
| Commute time (minutes) | 23 | 16 | 22 |
Approximately 60 people are unemployed in Granite County, Montana.
The average commute time in Granite County is 23 minutes, longer than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Granite County, Montana has fallen from 4.6% to 3.7% in 2024. Over that period the rate peaked at 8.8% in 2014 and fell as low as 3.4% in 2019.
Granite County, MT Wealth Compared With Nearby Counties
Granite County, MT is the smallest of the 6 counties compared here, 3,462 residents against a local median of 35,793. Granite County, MT's income growth, at 2.8%/yr, runs 52% below the 5.8%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 2.6%/yr on income growth, so Granite County, MT sits at one end of an already wide local range rather than apart from it. Granite 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. |
|---|---|---|---|---|---|
| Granite County, MT | 3,462 | $59,374 #5/6 | 2.8%/yr #6/6 | 3.7% #4/6 | 0.516 #3/6 |
| Deer Lodge County, MT | 9,595 | $56,559 | 4.8%/yr | 3.4% | 0.513 |
| Powell County, MT | 7,053 | $66,363 | 5.8%/yr | 2.3% | 0.551 |
| Ravalli County, MT | 46,722 | $71,257 | 7.4%/yr | 3.2% | 0.526 |
| Missoula County, MT | 120,671 | $75,565 | 6.2%/yr | 3.7% | 0.495 |
| Silver Bow County, MT | 35,793 | $61,292 | 5.7%/yr | 4.0% | 0.520 |
Conclusion
Considering all these factors, Granite County, Montana has an overall wealth index grade of D, making it about on par with Montana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Granite County, Montana.
How Rich Is Granite County, Montana?
Granite 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 $59,374, about 18% lower than the Montana average of $72,476.
Are incomes growing in Granite County, Montana?
Between 2009 and 2024, the median household income in Granite County, Montana rose 68%, from $35,337 to $59,374. Over the same years, income here kept pace with Montana as a whole: +68% against +68%.
What was the median household income in Granite County in 2023?
In 2023, the median household income in Granite County, Montana was $56,050, up 5% from $53,620 in 2022. The Montana median that year was $69,624.
What was the median household income in Granite County in 2020?
In 2020, the median household income in Granite County, Montana was $51,019. By 2024 it had risen 16% to $59,374.
What is the Gini coefficient in Granite County, Montana?
The Gini coefficient in Granite County is 0.516. 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 Granite County, Montana?
Since 2009, the income gap between men and women in Granite County, Montana has widened from about 21% to 34% in 2024. Over that period the gap was widest at 46% in 2011, and was narrowest at 16% in 2022. In dollar terms, the gap has widened by $12,959 since 2009.
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