Montgomery County, Pennsylvania 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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A
Montgomery County Above averageAmong the top 3 wealthiest counties in Pennsylvania
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $114,626 | $78,249 | $80,455 |
| Median Personal Income | $82,552 | $62,573 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.4% | 4.8% |
| Six-Figure Earners | 22.8% | 13.0% | 13.9% |
| $200k+ Households | 24.3% | 11.8% | 13.2% |
The median household income in Montgomery County is about 46% higher than in Pennsylvania. Income has been growing slower in Montgomery County (4.2%/yr) than in Pennsylvania (4.4%/yr).
About 23% of adults in Montgomery County earn six figures ($100,000 or more) a year, higher than the Pennsylvania average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Montgomery County, Pennsylvania grew by 51.4% from 2009 to 2024, reaching $114,626 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.537 | 0.552 |
| Male Median Income | $93,111 | $71,585 | $69,667 |
| Female Median Income | $75,889 | $57,854 | $56,850 |
| Gender Pay Gap | 18.5% | 19.2% | 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 Pennsylvania's 0.537, 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 23% more than women's income in Montgomery County, Pennsylvania. Over a 35-year career, a 23% wage gap accumulates to roughly $602,770 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, Pennsylvania has narrowed from about 25% to 18% in 2024. In dollar terms, the gap has widened by $1,255 since 2009.
Employment
| Metric | Montgomery County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.2% | 5.2% |
| Working from Home | 23.3% | 15.6% | 15.0% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 21,317 people are unemployed in Montgomery County, Pennsylvania.
The average commute time in Montgomery County is 25 minutes, longer than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Pennsylvania has fallen from 6.0% to 4.5% in 2024. Over that period the rate peaked at 7.1% in 2013 and fell as low as 4.2% in 2019.
Montgomery County, PA Wealth Compared With Nearby Counties
Montgomery County, PA is the 2nd largest of the 6 counties compared here, 867,535 residents against a local median of 578,234. Where Montgomery County, PA breaks from the counties next to it is median household income, sitting 27% above the local median of $90,232 at $114,626. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 4.5% against a local median of 5.9%, 24% below it. Every measure here with a clear better direction points the same way, so Montgomery County, PA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $64,848 on median household income, so Montgomery County, PA sits at one end of an already wide local range rather than apart from it. Montgomery County, PA has the 3rd highest median household income 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, PA | 867,535 | $114,626 #3/6 | 4.2%/yr #4/6 | 4.5% #3/6 | 0.520 #2/6 |
| Bucks County, PA | 647,283 | $115,660 | 4.8%/yr | 4.4% | 0.519 |
| Delaware County, PA | 578,234 | $90,232 | 3.8%/yr | 6.8% | 0.549 |
| Philadelphia County, PA | 1,579,069 | $62,185 | 5.8%/yr | 8.1% | 0.566 |
| Chester County, PA | 543,223 | $127,033 | 4.5%/yr | 3.8% | 0.522 |
| Lehigh County, PA | 378,708 | $80,478 | 4.2%/yr | 5.9% | 0.535 |
Conclusion
Considering all these factors, Montgomery County, Pennsylvania has an overall wealth index grade of A, making it notably better than Pennsylvania, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Montgomery County, Pennsylvania.
How Rich Is Montgomery County, Pennsylvania?
Montgomery County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $114,626, about 46% higher than the Pennsylvania average of $78,249.
Are incomes growing in Montgomery County, Pennsylvania?
Between 2009 and 2024, the median household income in Montgomery County, Pennsylvania rose 51%, from $75,727 to $114,626. Over the same years, income here lagged behind Pennsylvania as a whole: +51% against +57%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Pennsylvania was $112,415, up 4% from $107,892 in 2022. The Pennsylvania median that year was $76,230.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Pennsylvania was $93,995. By 2024 it had risen 22% to $114,626.
How many people earn six figures in Montgomery County, Pennsylvania?
Yes. 23% of adults in Montgomery County, Pennsylvania earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Pennsylvania. 24% of households have a combined income of $200,000 or more, compared with 12% in Pennsylvania.
What is the Gini coefficient in Montgomery County, Pennsylvania?
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, Pennsylvania?
Since 2009, the income gap between men and women in Montgomery County, Pennsylvania has narrowed from about 25% to 18% in 2024. In dollar terms, the gap has widened by $1,255 since 2009.
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