Great Falls, Montana Income Statistics
Great Falls 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
Great Falls Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Great Falls | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,826 | $72,476 | $80,455 |
| Median Personal Income | $48,383 | $54,706 | $60,758 |
| Average Yearly Income Growth | 5.3% | 5.2% | 4.8% |
| Six-Figure Earners | 7.1% | 10.8% | 13.9% |
| $200k+ Households | 4.9% | 9.0% | 13.2% |
The median household income in Great Falls is about 16% lower than in Montana. Income has been growing faster in Great Falls (5.3%/yr) than in Montana (5.2%/yr).
About 7% of adults in Great Falls 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 Great Falls, Montana grew by 59.6% from 2009 to 2024, reaching $60,826 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Great Falls
| Metric | Great Falls | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.499 | 0.523 | 0.552 |
| Male Median Income | $56,931 | $64,583 | $69,667 |
| Female Median Income | $46,621 | $50,364 | $56,850 |
| Gender Pay Gap | 18.1% | 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 Great Falls, it is 0.499, 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 22% more than women's income in Great Falls, Montana. Over a 35-year career, a 22% wage gap accumulates to roughly $360,850 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Great Falls, Montana has narrowed from about 21% to 18% in 2024. Over that period the gap was widest at 24% in 2011, and was narrowest at 14% in 2021. In dollar terms, the gap has widened by $2,768 since 2009.
Employment
| Metric | Great Falls | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 3.6% | 5.2% |
| Working from Home | 7.5% | 12.5% | 15.0% |
| Commute time (minutes) | 12 | 16 | 22 |
Approximately 915 people are unemployed in Great Falls, Montana.
The average commute time in Great Falls is 12 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Great Falls, Montana has fallen from 6.7% to 4.3% in 2024. Over that period the rate peaked at 6.7% in 2013 and fell as low as 3.8% in 2019.
Conclusion
Considering all these factors, Great Falls, 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 Great Falls, Montana.
How Rich Is Great Falls, Montana?
Great Falls 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 $60,826, about 16% lower than the Montana average of $72,476.
Are incomes growing in Great Falls, Montana?
Between 2009 and 2024, the median household income in Great Falls, Montana rose 60%, from $38,118 to $60,826. Over the same years, income here lagged behind Montana as a whole: +60% against +68%.
What was the median household income in Great Falls in 2023?
In 2023, the median household income in Great Falls, Montana was $60,942, up 7% from $57,151 in 2022. The Montana median that year was $69,624.
What was the median household income in Great Falls in 2020?
In 2020, the median household income in Great Falls, Montana was $48,010. By 2024 it had risen 27% to $60,826.
What is the Gini coefficient in Great Falls, Montana?
The Gini coefficient in Great Falls is 0.499. 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 Great Falls, Montana?
Since 2009, the income gap between men and women in Great Falls, Montana has narrowed from about 21% to 18% in 2024. Over that period the gap was widest at 24% in 2011, and was narrowest at 14% in 2021. In dollar terms, the gap has widened by $2,768 since 2009.
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