Madison County, Montana
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Madison County Compares
Detailed Income Statistics
Income Advisory: Madison County
Income Verdict
Madison County has a median household income of $67,420 and per capita income of $39,413 — a gap of $28,007, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $1,159/month and a median household income of $67,420, rent consumes approximately 20.6% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $67,420 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $39,413 is in line with national norms for individual earners.
Neighbor Context
Madison County earns approximately 8.2% above the Montana state median household income of $62,295, positioning it favorably within the state.
Data Story
About Household Income in Madison County, Montana
Solid middle-class incomes statewide
Madison County's median household income of $67,420 exceeds 45% of U.S. counties, landing it firmly in the middle class—though $7,335 below the national median of $74,755. The county draws strength from ranching, tourism, and small manufacturing.
Above Montana's average income
At $67,420, Madison County earns $5,125 more than Montana's state median of $62,295, ranking in the upper-middle tier of the state's 56 counties. This advantage reflects a balanced mix of agriculture and outdoor recreation economy.
Outpaced by Lewis and Clark
Madison County trails Lewis and Clark County ($74,543) and Missoula County ($71,246), but outearns Liberty, Lincoln, and Meagher counties. Its position reflects the pulling power of regional tourism and ranch-based wealth.
High home prices test affordability
Madison County's 20.6% rent-to-income ratio is the highest among income-earning counties here, and the median home value of $440,500 is second only to Missoula. Buyers need robust household incomes or significant down payments to break in.
Land and legacy wealth matter here
Madison County's ranch economy creates unique wealth-building opportunities through agricultural real estate and multi-generational asset transfer. Working with local financial advisors familiar with land values and seasonal cash flow can unlock long-term prosperity.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $67,420 per year
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Income Adequacy
Your monthly income ($5,618) vs. median rent ($1,159/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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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.