Sheridan County, Montana Income Statistics
Sheridan 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
Sheridan County Around averageAmong the top 3 wealthiest counties in Montana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sheridan County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,561 | $72,476 | $80,455 |
| Median Personal Income | $52,531 | $54,706 | $60,758 |
| Average Yearly Income Growth | 4.0% | 5.2% | 4.8% |
| Six-Figure Earners | 11.4% | 10.8% | 13.9% |
| $200k+ Households | 7.7% | 9.0% | 13.2% |
The median household income in Sheridan County is about 3% lower than in Montana. Income has been growing slower in Sheridan County (4.0%/yr) than in Montana (5.2%/yr).
About 11% of adults in Sheridan 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 Sheridan County, Montana grew by 80.0% from 2009 to 2024, reaching $70,561 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Sheridan County
| Metric | Sheridan County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.523 | 0.552 |
| Male Median Income | $64,748 | $64,583 | $69,667 |
| Female Median Income | $51,492 | $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 Sheridan County, it is 0.517, 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 26% more than women's income in Sheridan County, Montana. Over a 35-year career, a 26% wage gap accumulates to roughly $463,960 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sheridan County, Montana has narrowed from about 40% to 20% in 2024. Over that period the gap was widest at 47% in 2010. In dollar terms, the gap has narrowed by $3,525 since 2009.
Employment
| Metric | Sheridan County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.1% | 3.6% | 5.2% |
| Working from Home | 5.2% | 12.5% | 15.0% |
| Commute time (minutes) | 8 | 16 | 22 |
Approximately 38 people are unemployed in Sheridan County, Montana.
The average commute time in Sheridan County is 8 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sheridan County, Montana has fallen from 2.9% to 2.1% in 2024. Over that period the rate peaked at 3.0% in 2014 and fell as low as 1.5% in 2022.
Sheridan County, MT Wealth Compared With Nearby Counties
Sheridan County, MT is the 4th largest of the 6 counties compared here, 3,668 residents against a local median of 10,526. The measure that sets Sheridan County, MT apart most is income growth: 4.0%/yr, 200% above the local median of 1.3%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 2.1% against a local median of 3.3%, 37% below it. Every measure here with a clear better direction points the same way, so Sheridan County, MT is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 7.4%/yr on income growth, so Sheridan County, MT sits at one end of an already wide local range rather than apart from it. Sheridan County, MT has the 3rd 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. |
|---|---|---|---|---|---|
| Sheridan County, MT | 3,668 | $70,561 #4/6 | 4.0%/yr #3/6 | 2.1% #2/6 | 0.517 #2/6 |
| Roosevelt County, MT | 10,526 | $57,132 | 6.5%/yr | 10.8% | 0.613 |
| Richland County, MT | 11,232 | $72,349 | 1.3%/yr | 3.3% | 0.543 |
| Divide County, ND | 2,167 | $93,120 | 5.1%/yr | 2.3% | 0.513 |
| Daniels County, MT | 1,494 | $56,668 | 1.1%/yr | 1.0% | 0.525 |
| Williams County, ND | 39,554 | $84,931 | -0.9%/yr | 4.3% | 0.518 |
Conclusion
Considering all these factors, Sheridan 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 Sheridan County, Montana.
How Rich Is Sheridan County, Montana?
Sheridan 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 $70,561, about 3% lower than the Montana average of $72,476.
How fast is household income rising in Sheridan County, Montana?
Between 2009 and 2024, the median household income in Sheridan County, Montana rose 80%, from $39,205 to $70,561. Over the same years, income here outpaced Montana as a whole: +80% against +68%.
What was the median household income in Sheridan County in 2023?
In 2023, the median household income in Sheridan County, Montana was $65,046, down 4% from $67,606 in 2022. The Montana median that year was $69,624.
What was the median household income in Sheridan County in 2020?
In 2020, the median household income in Sheridan County, Montana was $54,765. By 2024 it had risen 29% to $70,561.
How strong is the job market in Sheridan County, Montana?
Unemployment in Sheridan County, Montana is only 2.1%, well below the Montana rate of 3.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Sheridan County, Montana?
The Gini coefficient in Sheridan County is 0.517. 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 Sheridan County, Montana?
Since 2009, the income gap between men and women in Sheridan County, Montana has narrowed from about 40% to 20% in 2024. Over that period the gap was widest at 47% in 2010. In dollar terms, the gap has narrowed by $3,525 since 2009.
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