The 10 Richest Cities in Montana for 2023
In this article, we'll look at the top 10 richest cities in Montana and explore some of the demographic statistics of each to see if we can find out why they are the richest.
Before we get started, let's talk about how we determine "the richest cities" by explaining how we calculate it.
We use the mean household income for each city, which can be found on the latest American Community Survey (ACS) 5-year estimates. The ACS is an ongoing survey conducted by the US Census Bureau and, because it's updated yearly, is more up-to-date that the Decennial Survey.
The latest year we have ACS data for is .
Using the mean (or average) household income, we only really have two criteria to determine the richest cities:
- The city must have a population of at least 500 people.
- The margin of error provided by the Census Bureau for the city must be less than 50% of the mean household income estimate.
Richest Cities in Montana
If you're in a rush and just want to see the top 10 cities in Montana, here they are, sorted by highest average household income.
The list is long, so you might have to scroll the table to see all of the cities. You can click the links in the table to view more demographic statistics about the city.
|9||Helena||Lewis and Clark County||$84,410.00|
Demographic Statistics for the 10 Richest Cities in Montana
Now that we've seen the top 10 cities in Montana, let's take a look at some of the demographic statistics for each city.
We'll focus on the top 10 richest cities in Montana to see if there any similarities or differences between them.
Household Income by Age
In the table below, we can compare the household income by age for each of the cities.
|City||Under 25||25 to 44||45 to 64||65 and Over|
Note than any fields showing as $0 are because the data was not available from the latest ACS.
We can see from the data above that the most common age bracket for the richest cities in Montana is 45 to 64, with 60.00% of the top earners falling into this age bracket.
The list below shows all of the top age brackets for the richest cities in Montana.
- 60.00% of the richest cities in Montana were aged 45 to 64
- 40.00% of the richest cities in Montana were aged 25 to 44
Race and Ethnicity
We can also look at the race and ethnicity for the richest cities in Montana. To do that, we created averages for each race reported for the city by the ACS survey.
The chart below shows the most common races living in the richest cities in Montana:
3.17% Two or more races
0.38% Black/African American
This shows that the most common race across the richest cities in Montana is "White".
Another interesting demographic to look at would be the education levels of the people living in the richest cities in Montana.
Just like we did with the race and ethnicity numbers, we can create averages for each of the education levels the Census Bureau tracks for each city, by summing them and dividing by the number of cities we're comparing.
The chart below shows the most common education level of people living in the richest cities in Montana:
High school diploma or equivalent28.36%
Master's degree or higher15.85%
Some college or associate's degree9.83%
Less than high school diploma1.34%
The data shows that 60.47% of people living in the richest cities in Montana have a bachelor's degree or higher.
Hopefully, this article has given you some interesting insights into why the richest cities in Montana are so wealthy based on the common demographics between them.
In the future, we will try to add more data to this article and pull out more interesting insights from the information.
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"The 10 Richest Cities in Montana for 2023". NameCensus.com. Accessed on March 21, 2023. https://namecensus.com/demographics/montana/richest-cities/.
"The 10 Richest Cities in Montana for 2023". NameCensus.com, https://namecensus.com/demographics/montana/richest-cities/. Accessed 21 March, 2023
The 10 Richest Cities in Montana for 2023. NameCensus.com. Retrieved from https://namecensus.com/demographics/montana/richest-cities/.