Where Does Montana Rank Among Richest States In America?

There are a lot of ways you can consider one to be rich, and it doesn't always have to be monetarily.

That said, today we are talking about being "rich" in a monetary way, and sadly Montana isn't very "rich."

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The website HomeSnacks has come out with a way to determine how "rich" state is by using what the said was the "latest data on incomes, jobs, and poverty."

They used 3 different metrics to get their ranking and they are as follows,

  • Poverty level
  • Unemployment rate
  • Median income

Before we reveal to you our states ranking, I'm going to tell you why I think we are ranked where we are, especially once you see where our neighbors rank.

Montana's Median Income Is Low

Our median income is only $60,560.

Only 11 states make less money than Montana residents do on a yearly basis.

Can Money Buy Happiness? See The Happiest States In America In The Gallery Below. 👇

That's not the only thing affecting our ranking.

Our poverty level in Montana is at 12.4% which ranks us #21 and puts us above the 11.7% national average.

There is some good news though, Montana's unemployment rate is 2.5% which is the 7th best right now, it's just we're all paid so low.

So where does Montana check in for Richest States In America?

A map of the US showing how "Rich" each state is.
Infographic/Homesnacks
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Montana Is The #28 Richest State In America

#28 isn't the worst by any means, but looking to our neighbors it's a bit sad to see us sticking out in that sea of blue.

All of those states around us have a higher median income that us and that's why they rank higher.

Granted money can't buy you happiness, but it sure can make life a bit less stressful.

Speaking of being happy, see the happiest states in America in the gallery below 👇

Is Your State Bummed Out? Ranking the Happiest States in America

How happy are you? Does your state share your mood? WalletHub crunched data from around the US to determine where Americans exhibit the best combination of these factors. They examined the 50 states across 30 key metrics, ranging from the depression rate and the share of adults feeling productive to income growth and the unemployment rate.
For a full breakdown of the methodology, scroll to the bottom of the gallery.

KEEP READING: How Much Money Single People Need For Survival In Montana And Its Surrounding States

Thanks to the information from GoBankingRates, we now know how much you have to make as a single person to live in Montana and its surrounding states.

LOOK: States with the Shortest Lifespans

Stacker used data from the 2023 County Health Rankings to determine the 25 states where people have the shortest lifespans. The 2023 County Health Rankings values were calculated using mortality counts from the 2018-2020 National Center for Health Statistics.