Madison County, Montana Income Statistics
Madison 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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C
Madison County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,394 | $72,476 | $80,455 |
| Median Personal Income | $56,780 | $54,706 | $60,758 |
| Average Yearly Income Growth | 6.2% | 5.2% | 4.8% |
| Six-Figure Earners | 10.6% | 10.8% | 13.9% |
| $200k+ Households | 7.0% | 9.0% | 13.2% |
The median household income in Madison County is about 4% higher than in Montana. Income has been growing faster in Madison County (6.2%/yr) than in Montana (5.2%/yr).
About 11% of adults in Madison County earn six figures ($100,000 or more) a year, about the same as the Montana average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison County, Montana grew by 78.8% from 2009 to 2024, reaching $75,394 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.523 | 0.552 |
| Male Median Income | $71,410 | $64,583 | $69,667 |
| Female Median Income | $50,529 | $50,364 | $56,850 |
| Gender Pay Gap | 29.2% | 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 Madison County, it is 0.507, 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 41% more than women's income in Madison County, Montana. Over a 35-year career, a 41% wage gap accumulates to roughly $730,835 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Montana has narrowed from about 38% to 29% in 2024. Over that period the gap was narrowest at 15% in 2018. In dollar terms, the gap has widened by $5,418 since 2009.
Employment
| Metric | Madison County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 3.6% | 5.2% |
| Working from Home | 20.5% | 12.5% | 15.0% |
| Commute time (minutes) | 17 | 16 | 22 |
Approximately 135 people are unemployed in Madison County, Montana.
The average commute time in Madison County is 17 minutes, longer than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Montana has fallen from 7.1% to 3.1% in 2024. Over that period the rate fell as low as 1.5% in 2023.
Madison County, MT Wealth Compared With Nearby Counties
Madison County, MT is the 5th largest of the 6 counties compared here, 9,223 residents against a local median of 12,778. Where Madison County, MT breaks from the counties next to it is unemployment, sitting 35% above the local median of 2.3% at 3.1%. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $75,394 against a local median of $63,233, 19% above it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while unemployment runs behind it, so Madison County, MT is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 2.9% on unemployment, so Madison County, MT sits at one end of an already wide local range rather than apart from it. Madison County, MT has the 4th lowest unemployment 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. |
|---|---|---|---|---|---|
| Madison County, MT | 9,223 | $75,394 #3/6 | 6.2%/yr #4/6 | 3.1% #4/6 | 0.507 #3/6 |
| Gallatin County, MT | 124,072 | $95,089 | 6.6%/yr | 2.3% | 0.519 |
| Jefferson County, MT | 12,778 | $93,727 | 5.0%/yr | 4.2% | 0.526 |
| Silver Bow County, MT | 35,793 | $61,292 | 5.7%/yr | 4.0% | 0.520 |
| Beaverhead County, MT | 9,712 | $63,233 | 6.3%/yr | 1.3% | 0.506 |
| Clark County, ID | 848 | $56,333 | 8.3%/yr | 2.1% | 0.480 |
Conclusion
Considering all these factors, Madison County, 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 Madison County, Montana.
How Rich Is Madison County, Montana?
Madison 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 $75,394, about 4% higher than the Montana average of $72,476.
How fast is household income rising in Madison County, Montana?
Between 2009 and 2024, the median household income in Madison County, Montana rose 79%, from $42,165 to $75,394. Over the same years, income here outpaced Montana as a whole: +79% against +68%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Montana was $67,114, up 10% from $60,922 in 2022. The Montana median that year was $69,624.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Montana was $55,533. By 2024 it had risen 36% to $75,394.
What is the Gini coefficient in Madison County, Montana?
The Gini coefficient in Madison County is 0.507. 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 Madison County, Montana?
Since 2009, the income gap between men and women in Madison County, Montana has narrowed from about 38% to 29% in 2024. Over that period the gap was narrowest at 15% in 2018. In dollar terms, the gap has widened by $5,418 since 2009.
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