Missoula, Montana Income Statistics
Missoula 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
Missoula Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Missoula | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,380 | $72,476 | $80,455 |
| Median Personal Income | $49,249 | $54,706 | $60,758 |
| Average Yearly Income Growth | 6.6% | 5.2% | 4.8% |
| Six-Figure Earners | 9.5% | 10.8% | 13.9% |
| $200k+ Households | 8.4% | 9.0% | 13.2% |
The median household income in Missoula is about 10% lower than in Montana. Income has been growing faster in Missoula (6.6%/yr) than in Montana (5.2%/yr).
About 9% of adults in Missoula 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 Missoula, Montana grew by 105.3% from 2009 to 2024, reaching $65,380 in 2024. That's an average of about 6.6% per year.
Income Inequality and the Gender Pay Gap in Missoula
| Metric | Missoula | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.502 | 0.523 | 0.552 |
| Male Median Income | $59,842 | $64,583 | $69,667 |
| Female Median Income | $48,941 | $50,364 | $56,850 |
| Gender Pay Gap | 18.2% | 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 Missoula, it is 0.502, 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 Missoula, Montana. Over a 35-year career, a 22% wage gap accumulates to roughly $381,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Missoula, Montana has widened from about 17% to 18% in 2024. Over that period the gap was widest at 22% in 2015, and was narrowest at 6% in 2019. In dollar terms, the gap has widened by $5,075 since 2009.
Sharply against the trend: the pay gap in Missoula widened by 1.3 points while Montana's narrowed by 6.2 points.
Employment
| Metric | Missoula | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 3.6% | 5.2% |
| Working from Home | 14.3% | 12.5% | 15.0% |
| Commute time (minutes) | 13 | 16 | 22 |
Approximately 1,711 people are unemployed in Missoula, Montana.
The average commute time in Missoula is 13 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Missoula, Montana has fallen from 7.9% to 4.6% in 2024. Over that period the rate peaked at 10.1% in 2013.
Conclusion
Considering all these factors, Missoula, 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 Missoula, Montana.
How Rich Is Missoula, Montana?
Missoula 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 $65,380, about 10% lower than the Montana average of $72,476.
Are incomes growing in Missoula, Montana?
Between 2009 and 2024, the median household income in Missoula, Montana rose 105%, from $31,848 to $65,380. Over the same years, income here outpaced Montana as a whole: +105% against +68%.
What was the median household income in Missoula in 2023?
In 2023, the median household income in Missoula, Montana was $59,932, up 5% from $56,887 in 2022. The Montana median that year was $69,624.
What was the median household income in Missoula in 2020?
In 2020, the median household income in Missoula, Montana was $47,640. By 2024 it had risen 37% to $65,380.
Is it hard to find a job in Missoula, Montana?
Unemployment in Missoula, Montana is 4.6%, well above the Montana rate of 3.6%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Missoula, Montana?
The Gini coefficient in Missoula is 0.502. 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 Missoula, Montana?
Since 2009, the income gap between men and women in Missoula, Montana has widened from about 17% to 18% in 2024. Over that period the gap was widest at 22% in 2015, and was narrowest at 6% in 2019. In dollar terms, the gap has widened by $5,075 since 2009.
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