Montgomery County, New York Income Statistics
Montgomery 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
Montgomery County Below averageLess wealthy than 79% of counties in New York
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,179 | $86,556 | $80,455 |
| Median Personal Income | $52,892 | $70,316 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.5% | 4.8% |
| Six-Figure Earners | 7.6% | 16.7% | 13.9% |
| $200k+ Households | 5.5% | 17.1% | 13.2% |
The median household income in Montgomery County is about 24% lower than in New York. Income has been growing faster in Montgomery County (5.1%/yr) than in New York (4.5%/yr).
About 8% of adults in Montgomery County earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Montgomery County, New York grew by 54.0% from 2009 to 2024, reaching $66,179 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.557 | 0.552 |
| Male Median Income | $59,381 | $77,531 | $69,667 |
| Female Median Income | $50,811 | $67,892 | $56,850 |
| Gender Pay Gap | 14.4% | 12.4% | 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 Montgomery County, it is 0.520, lower than New York's 0.557, 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 17% more than women's income in Montgomery County, New York. Over a 35-year career, a 17% wage gap accumulates to roughly $299,950 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, New York has narrowed from about 18% to 14% in 2024. Over that period the gap was widest at 19% in 2021, and was narrowest at 11% in 2015. In dollar terms, the gap has widened by $1,638 since 2009.
Employment
| Metric | Montgomery County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 6.4% | 5.2% |
| Working from Home | 9.4% | 15.0% | 15.0% |
| Commute time (minutes) | 20 | 28 | 22 |
Approximately 1,140 people are unemployed in Montgomery County, New York.
The average commute time in Montgomery County is 20 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, New York has fallen from 10.6% to 4.7% in 2024. Over that period the rate peaked at 11.2% in 2012 and fell as low as 4.7% in 2023.
Montgomery County, NY Wealth Compared With Nearby Counties
Montgomery County, NY is the 5th largest of the 6 counties compared here, 49,528 residents against a local median of 160,313. The measure that sets Montgomery County, NY apart most is income growth: 5.1%/yr, 25% above the local median of 4.1%/yr. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $66,179 against a local median of $80,482, 18% below it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while median household income runs behind it, so Montgomery County, NY is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 1.0%/yr on income growth, so Montgomery County, NY sits at one end of an already wide local range rather than apart from it. Montgomery County, NY 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. |
|---|---|---|---|---|---|
| Montgomery County, NY | 49,528 | $66,179 #6/6 | 5.1%/yr #1/6 | 4.7% #3/6 | 0.520 #3/6 |
| Fulton County, NY | 49,864 | $66,582 | 4.7%/yr | 3.5% | 0.504 |
| Schoharie County, NY | 30,049 | $69,692 | 4.1%/yr | 5.0% | 0.528 |
| Schenectady County, NY | 160,313 | $80,482 | 3.8%/yr | 5.8% | 0.526 |
| Albany County, NY | 317,009 | $85,884 | 4.4%/yr | 5.0% | 0.529 |
| Saratoga County, NY | 238,162 | $100,718 | 3.9%/yr | 3.3% | 0.495 |
Conclusion
Considering all these factors, Montgomery County, New York has an overall wealth index grade of C, making it somewhat worse than New York, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Montgomery County, New York.
How Rich Is Montgomery County, New York?
Montgomery 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 $66,179, about 24% lower than the New York average of $86,556.
How has median household income changed in Montgomery County, New York?
Between 2009 and 2024, the median household income in Montgomery County, New York rose 54%, from $42,962 to $66,179. Over the same years, income here lagged behind New York as a whole: +54% against +56%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, New York was $63,913, up 11% from $57,743 in 2022. The New York median that year was $85,199.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, New York was $50,182. By 2024 it had risen 32% to $66,179.
How strong is the job market in Montgomery County, New York?
Unemployment in Montgomery County, New York is only 4.7%, well below the New York rate of 6.4%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Montgomery County, New York?
The Gini coefficient in Montgomery 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 Montgomery County, New York?
Since 2009, the income gap between men and women in Montgomery County, New York has narrowed from about 18% to 14% in 2024. Over that period the gap was widest at 19% in 2021, and was narrowest at 11% in 2015. In dollar terms, the gap has widened by $1,638 since 2009.
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