Park County, Montana Income Statistics
Park 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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B
Park County Around averageWealthier than 76% of counties in Montana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Park County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,385 | $72,476 | $80,455 |
| Median Personal Income | $54,450 | $54,706 | $60,758 |
| Average Yearly Income Growth | 6.4% | 5.2% | 4.8% |
| Six-Figure Earners | 12.5% | 10.8% | 13.9% |
| $200k+ Households | 10.4% | 9.0% | 13.2% |
The median household income in Park County is about 3% lower than in Montana. Income has been growing faster in Park County (6.4%/yr) than in Montana (5.2%/yr).
About 13% of adults in Park County earn six figures ($100,000 or more) a year, higher than the Montana average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Park County, Montana grew by 76.8% from 2009 to 2024, reaching $70,385 in 2024. That's an average of about 6.4% per year.
Income Inequality and the Gender Pay Gap in Park County
| Metric | Park County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.523 | 0.552 |
| Male Median Income | $64,842 | $64,583 | $69,667 |
| Female Median Income | $51,999 | $50,364 | $56,850 |
| Gender Pay Gap | 19.8% | 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 Park County, it is 0.505, 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 25% more than women's income in Park County, Montana. Over a 35-year career, a 25% wage gap accumulates to roughly $449,505 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Park County, Montana has widened from about 17% to 20% in 2024. Over that period the gap was widest at 26% in 2013, and was narrowest at 15% in 2022. In dollar terms, the gap has widened by $6,595 since 2009.
Sharply against the trend: the pay gap in Park County widened by 2.7 points while Montana's narrowed by 6.2 points.
Employment
| Metric | Park County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 3.6% | 5.2% |
| Working from Home | 17.0% | 12.5% | 15.0% |
| Commute time (minutes) | 17 | 16 | 22 |
Approximately 243 people are unemployed in Park County, Montana.
The average commute time in Park County is 17 minutes, longer than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Park County, Montana has fallen from 6.2% to 2.7% in 2024. Over that period the rate peaked at 7.3% in 2014 and fell as low as 1.9% in 2020.
Park County, MT Wealth Compared With Nearby Counties
Park County, MT is the 2nd largest of the 6 counties compared here, 17,710 residents against a local median of 3,720. The measure that sets Park County, MT apart most is unemployment: 2.7%, 54% above the local median of 1.8%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 6.4%/yr against a local median of 5.5%/yr, 16% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Park County, MT is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 2.1% on unemployment, so Park County, MT sits at one end of an already wide local range rather than apart from it. Park County, MT has the 5th 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. |
|---|---|---|---|---|---|
| Park County, MT | 17,710 | $70,385 #4/6 | 6.4%/yr #3/6 | 2.7% #5/6 | 0.505 #1/6 |
| Gallatin County, MT | 124,072 | $95,089 | 6.6%/yr | 2.3% | 0.519 |
| Sweet Grass County, MT | 3,720 | $76,628 | 5.5%/yr | 1.8% | 0.507 |
| Stillwater County, MT | 9,183 | $88,279 | 5.0%/yr | 3.1% | 0.537 |
| Meagher County, MT | 2,007 | $68,289 | 7.5%/yr | 1.0% | 0.520 |
| Wheatland County, MT | 2,056 | $49,196 | 4.2%/yr | 1.0% | 0.545 |
Conclusion
Considering all these factors, Park County, Montana has an overall wealth index grade of B, making it somewhat better than Montana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Park County, Montana.
How Rich Is Park County, Montana?
Park County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $70,385, about 3% lower than the Montana average of $72,476.
Are incomes growing in Park County, Montana?
Between 2009 and 2024, the median household income in Park County, Montana rose 77%, from $39,813 to $70,385. Over the same years, income here outpaced Montana as a whole: +77% against +68%.
What was the median household income in Park County in 2023?
In 2023, the median household income in Park County, Montana was $66,156, down 4% from $68,820 in 2022. The Montana median that year was $69,624.
What was the median household income in Park County in 2020?
In 2020, the median household income in Park County, Montana was $53,404. By 2024 it had risen 32% to $70,385.
What is the Gini coefficient in Park County, Montana?
The Gini coefficient in Park County is 0.505. 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 Park County, Montana?
Since 2009, the income gap between men and women in Park County, Montana has widened from about 17% to 20% in 2024. Over that period the gap was widest at 26% in 2013, and was narrowest at 15% in 2022. In dollar terms, the gap has widened by $6,595 since 2009.
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