Wealth Index
Less wealthy than 71% of counties in Montana
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.
Income Statistics Overview
| Metric | Rosebud County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,224 | $69,624 | $78,145 |
| Median Personal Income | $55,643 | $55,820 | $61,726 |
| Average income growth | 0.1% | 5.3% | 5.1% |
| Six-Figure Earners | 8.1% | 10.0% | 13.2% |
The median household income in Rosebud County is about 21% lower than in Montana. Income has been growing slower in Rosebud County (0.1%/yr) than in Montana (5.3%/yr).
About 8% of adults in Rosebud County earn six figures ($100,000 or more) a year, lower than the Montana average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Rosebud County, Montana grew by 26.7% from 2009 to 2023, reaching $55,224 in 2023. That's an average of about 0.1% per year.
Economic Inequality in Rosebud County | Gender Pay Gap | Gini Coefficient
| Metric | Rosebud County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.576 | 0.532 | 0.570 |
| Male Median Income | $64,397 | $62,811 | $67,746 |
| Female Median Income | $47,635 | $48,331 | $54,793 |
| Gender Pay Gap | 26.0% | 23.1% | 19.1% |
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 Rosebud County, it is 0.576, higher than Montana's 0.532, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 35% more than women's income in Rosebud County, Montana. Over a 35-year career, a 35% wage gap accumulates to roughly $586,670 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rosebud County, Montana has narrowed from about 48% to 26% in 2023. In dollar terms, the gap has narrowed by $9,552 since 2009.
Employment
| Metric | Rosebud County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.9% | 3.7% | 5.2% |
| Working from Home | 6.0% | 11.6% | 13.4% |
| Commute time (minutes) | 8 | 16 | 22 |
Approximately 325 people are unemployed in Rosebud County, Montana.
The average commute time in Rosebud County is 8 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rosebud County, Montana has fallen from 10.1% to 8.9% in 2023.
Conclusion
Considering all these factors, Rosebud 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 Rosebud County, Montana.
How Rich Is Rosebud County, Montana?
Rosebud 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 $55,224, about 21% lower than the Montana average of $69,624.
What is the current median household income in Rosebud County, Montana?
As of 2023, the median household income in Rosebud County, Montana is $55,224.
What was the median household income in Rosebud County in 2023?
In 2023, the median household income in Rosebud County, Montana was $55,224.
What was the median household income in Rosebud County in 2020?
In 2020, the median household income in Rosebud County, Montana was $57,508.
What is the Gini coefficient in Rosebud County, Montana?
The Gini coefficient in Rosebud County is 0.576. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Rosebud County, Montana?
Since 2009, the income gap between men and women in Rosebud County, Montana has narrowed from about 48% to 26% in 2023. In dollar terms, the gap has narrowed by $9,552 since 2009.