Silver Bow County, Montana Income Statistics
Silver Bow 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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C
Silver Bow County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Silver Bow County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,292 | $72,476 | $80,455 |
| Median Personal Income | $52,197 | $54,706 | $60,758 |
| Average Yearly Income Growth | 5.7% | 5.2% | 4.8% |
| Six-Figure Earners | 7.6% | 10.8% | 13.9% |
| $200k+ Households | 4.6% | 9.0% | 13.2% |
The median household income in Silver Bow County is about 15% lower than in Montana. Income has been growing faster in Silver Bow County (5.7%/yr) than in Montana (5.2%/yr).
About 8% of adults in Silver Bow 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 Silver Bow County, Montana grew by 62.3% from 2009 to 2024, reaching $61,292 in 2024. That's an average of about 5.7% per year.
Income Inequality and the Gender Pay Gap in Silver Bow County
| Metric | Silver Bow County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.523 | 0.552 |
| Male Median Income | $61,356 | $64,583 | $69,667 |
| Female Median Income | $45,844 | $50,364 | $56,850 |
| Gender Pay Gap | 25.3% | 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 Silver Bow County, it is 0.520, 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 34% more than women's income in Silver Bow County, Montana. Over a 35-year career, a 34% wage gap accumulates to roughly $542,920 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Silver Bow County, Montana has narrowed from about 34% to 25% in 2024. Over that period the gap was widest at 35% in 2021, and was narrowest at 25% in 2015. In dollar terms, the gap has widened by $1,503 since 2009.
Employment
| Metric | Silver Bow County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 3.6% | 5.2% |
| Working from Home | 7.6% | 12.5% | 15.0% |
| Commute time (minutes) | 12 | 16 | 22 |
Approximately 717 people are unemployed in Silver Bow County, Montana.
The average commute time in Silver Bow County is 12 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Silver Bow County, Montana has fallen from 5.2% to 4.0% in 2024. Over that period the rate peaked at 7.2% in 2014.
Silver Bow County, MT Wealth Compared With Nearby Counties
Silver Bow County, MT is the largest of the 6 counties compared here, 35,793 residents against a local median of 9,595. The measure that sets Silver Bow County, MT apart most is unemployment: 4.0%, 19% above the local median of 3.4%. That is the weaker end of the local range on this measure.
The counties themselves spread 2.9% on unemployment, so Silver Bow County, MT sits at one end of an already wide local range rather than apart from it. Silver Bow 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. |
|---|---|---|---|---|---|
| Silver Bow County, MT | 35,793 | $61,292 #4/6 | 5.7%/yr #3/6 | 4.0% #5/6 | 0.520 #5/6 |
| Deer Lodge County, MT | 9,595 | $56,559 | 4.8%/yr | 3.4% | 0.513 |
| Jefferson County, MT | 12,778 | $93,727 | 5.0%/yr | 4.2% | 0.526 |
| Beaverhead County, MT | 9,712 | $63,233 | 6.3%/yr | 1.3% | 0.506 |
| Granite County, MT | 3,462 | $59,374 | 2.8%/yr | 3.7% | 0.516 |
| Madison County, MT | 9,223 | $75,394 | 6.2%/yr | 3.1% | 0.507 |
Conclusion
Considering all these factors, Silver Bow 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 Silver Bow County, Montana.
How Rich Is Silver Bow County, Montana?
Silver Bow 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 $61,292, about 15% lower than the Montana average of $72,476.
How fast is household income rising in Silver Bow County, Montana?
Between 2009 and 2024, the median household income in Silver Bow County, Montana rose 62%, from $37,762 to $61,292. Over the same years, income here lagged behind Montana as a whole: +62% against +68%.
What was the median household income in Silver Bow County in 2023?
In 2023, the median household income in Silver Bow County, Montana was $57,543, up 4% from $55,564 in 2022. The Montana median that year was $69,624.
What was the median household income in Silver Bow County in 2020?
In 2020, the median household income in Silver Bow County, Montana was $49,087. By 2024 it had risen 25% to $61,292.
What is the Gini coefficient in Silver Bow County, Montana?
The Gini coefficient in Silver Bow County is 0.520. 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 Silver Bow County, Montana?
Since 2009, the income gap between men and women in Silver Bow County, Montana has narrowed from about 34% to 25% in 2024. Over that period the gap was widest at 35% in 2021, and was narrowest at 25% in 2015. In dollar terms, the gap has widened by $1,503 since 2009.
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