Ravalli County, Montana Income Statistics
Ravalli 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.
-
C
Ravalli County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Ravalli County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,257 | $72,476 | $80,455 |
| Median Personal Income | $51,072 | $54,706 | $60,758 |
| Average Yearly Income Growth | 7.4% | 5.2% | 4.8% |
| Six-Figure Earners | 9.1% | 10.8% | 13.9% |
| $200k+ Households | 6.7% | 9.0% | 13.2% |
The median household income in Ravalli County is about 2% lower than in Montana. Income has been growing faster in Ravalli County (7.4%/yr) than in Montana (5.2%/yr).
About 9% of adults in Ravalli 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 Ravalli County, Montana grew by 68.7% from 2009 to 2024, reaching $71,257 in 2024. That's an average of about 7.4% per year.
Income Inequality and the Gender Pay Gap in Ravalli County
| Metric | Ravalli County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.523 | 0.552 |
| Male Median Income | $59,141 | $64,583 | $69,667 |
| Female Median Income | $47,014 | $50,364 | $56,850 |
| Gender Pay Gap | 20.5% | 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 Ravalli County, it is 0.526, about the same as Montana's 0.523, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 26% more than women's income in Ravalli County, Montana. Over a 35-year career, a 26% wage gap accumulates to roughly $424,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ravalli County, Montana has narrowed from about 35% to 21% in 2024. Over that period the gap was narrowest at 16% in 2020. In dollar terms, the gap has narrowed by $2,135 since 2009.
Employment
| Metric | Ravalli County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 3.6% | 5.2% |
| Working from Home | 14.2% | 12.5% | 15.0% |
| Commute time (minutes) | 18 | 16 | 22 |
Approximately 689 people are unemployed in Ravalli County, Montana.
The average commute time in Ravalli County is 18 minutes, longer than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ravalli County, Montana has fallen from 7.3% to 3.2% in 2024. Over that period the rate peaked at 9.3% in 2014.
Ravalli County, MT Wealth Compared With Nearby Counties
Ravalli County, MT is the 2nd largest of the 6 counties compared here, 46,722 residents against a local median of 9,595. Where Ravalli County, MT breaks from the counties next to it is income growth, sitting 26% above the local median of 5.8%/yr at 7.4%/yr. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $71,257 against a local median of $59,374, 20% above it. Every measure here with a clear better direction points the same way, so Ravalli County, MT is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 4.4%/yr on income growth, so Ravalli County, MT sits at one end of an already wide local range rather than apart from it. Ravalli County, MT has the 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. |
|---|---|---|---|---|---|
| Ravalli County, MT | 46,722 | $71,257 #2/6 | 7.4%/yr #1/6 | 3.2% #2/6 | 0.526 #4/6 |
| Granite County, MT | 3,462 | $59,374 | 2.8%/yr | 3.7% | 0.516 |
| Missoula County, MT | 120,671 | $75,565 | 6.2%/yr | 3.7% | 0.495 |
| Deer Lodge County, MT | 9,595 | $56,559 | 4.8%/yr | 3.4% | 0.513 |
| Lemhi County, ID | 8,243 | $54,128 | 5.8%/yr | 2.0% | 0.547 |
| Idaho County, ID | 17,432 | $66,557 | 7.2%/yr | 3.7% | 0.542 |
Conclusion
Considering all these factors, Ravalli 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 Ravalli County, Montana.
How Rich Is Ravalli County, Montana?
Ravalli 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 $71,257, about 2% lower than the Montana average of $72,476.
How has median household income changed in Ravalli County, Montana?
Between 2009 and 2024, the median household income in Ravalli County, Montana rose 69%, from $42,248 to $71,257. Over the same years, income here kept pace with Montana as a whole: +69% against +68%.
What was the median household income in Ravalli County in 2023?
In 2023, the median household income in Ravalli County, Montana was $71,633, up 5% from $68,106 in 2022. The Montana median that year was $69,624.
What was the median household income in Ravalli County in 2020?
In 2020, the median household income in Ravalli County, Montana was $55,136. By 2024 it had risen 29% to $71,257.
What is the Gini coefficient in Ravalli County, Montana?
The Gini coefficient in Ravalli County is 0.526. 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 Ravalli County, Montana?
Since 2009, the income gap between men and women in Ravalli County, Montana has narrowed from about 35% to 21% in 2024. Over that period the gap was narrowest at 16% in 2020. In dollar terms, the gap has narrowed by $2,135 since 2009.
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