Lake County, Montana
Income Data
At a Glance
How Lake County Compares
Detailed Income Statistics
Data Story
About Household Income in Lake County, Montana
Lake County slightly below national income average
Lake County's median household income of $61,965 trails the national median of $74,755 by $12,790. The county earns approximately 83% of the national average, closer to national norms than most rural Montana peers.
Near-average earnings within Montana
Lake County's $61,965 median household income sits nearly even with Montana's $62,295 state average, placing it in the middle of these eight surveyed counties. Its per capita income of $33,786 tracks just below the state mean of $35,700.
Solid standing among regional peers
Lake County's $61,965 median income ranks second only to Jefferson County ($76,576) and compares favorably to Garfield County ($61,750). The county outperforms all other neighbors in this analysis, establishing itself as a moderate economic performer.
High home values strain housing affordability
Lake County's 17.1% rent-to-income ratio is the highest in this group, pushing toward the 30% affordability threshold and indicating housing cost stress. The median home value of $369,200 represents 6 years of median household income, among the most challenging ratios for homeownership.
Address housing costs before aggressive investing
Lake County residents face above-average housing burdens that limit investment capacity; prioritizing fixed-rate homeownership over renting could reduce long-term cost strain. Once housing becomes more manageable relative to income, households should direct freed-up resources toward retirement and diversified investment accounts.
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Your income is above the Lake County median
County median: $61,965 per year
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vs. State Average
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vs. National Median
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Income Adequacy
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.