Wealth Index
Wealthier than 76% 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 | Wibaux County | Montana Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,583 | $69,624 | $78,145 |
| Median Personal Income | $57,055 | $55,820 | $61,726 |
| Average income growth | 8.2% | 5.3% | 5.1% |
| Six-Figure Earners | 8.3% | 10.0% | 13.2% |
The median household income in Wibaux County is about the same as in Montana. Income has been growing faster in Wibaux County (8.2%/yr) than in Montana (5.3%/yr).
About 8% of adults in Wibaux 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 Wibaux County, Montana grew by 107.8% from 2009 to 2023, reaching $69,583 in 2023. That's an average of about 8.2% per year.
Economic Inequality in Wibaux County | Gender Pay Gap | Gini Coefficient
| Metric | Wibaux County | Montana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.433 | 0.532 | 0.570 |
| Male Median Income | $62,999 | $62,811 | $67,746 |
| Female Median Income | $46,093 | $48,331 | $54,793 |
| Gender Pay Gap | 26.8% | 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 Wibaux County, it is 0.433, lower than Montana's 0.532, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 37% more than women's income in Wibaux County, Montana. Over a 35-year career, a 37% wage gap accumulates to roughly $591,710 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wibaux County, Montana has narrowed from about 28% to 27% in 2023. In dollar terms, the gap has widened by $7,089 since 2009.
Employment
| Metric | Wibaux County | Montana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 3.7% | 5.2% |
| Working from Home | 15.9% | 11.6% | 13.4% |
| Commute time (minutes) | 15 | 16 | 22 |
The average commute time in Wibaux County is 15 minutes, shorter than the 16 minutes in Montana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wibaux County, Montana has fallen from 5.4% to 1.0% in 2023.
Conclusion
Considering all these factors, Wibaux 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 Wibaux County, Montana.
How Rich Is Wibaux County, Montana?
Wibaux 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 $69,583, close to the Montana average of $69,624.
What is the current median household income in Wibaux County, Montana?
As of 2023, the median household income in Wibaux County, Montana is $69,583.
What was the median household income in Wibaux County in 2023?
In 2023, the median household income in Wibaux County, Montana was $69,583.
What was the median household income in Wibaux County in 2020?
In 2020, the median household income in Wibaux County, Montana was $51,591.
What is the Gini coefficient in Wibaux County, Montana?
The Gini coefficient in Wibaux County is 0.433. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Wibaux County, Montana?
Since 2009, the income gap between men and women in Wibaux County, Montana has narrowed from about 28% to 27% in 2023. In dollar terms, the gap has widened by $7,089 since 2009.