Salary Overview for Montana
The median individual income in Montana is $34,140 per year, while the mean (average) individual income is $43,370. The median household income is $66,017.
Cost of Living Adjusted Salary
Montana's cost of living index is 99 (national average = 100). This means the median salary of $34,140 in Montana has the purchasing power of approximately $34,485 at the national average cost of living. Your dollar goes further in Montana than in most states.
Minimum Wage in Montana
The current minimum wage in Montana is $10.55/hour, which equals approximately $21,944 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Montana minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Montana
- Benefis Health
- University of Montana
- Billings Clinic
Major Industries in Montana
- Agriculture
- Tourism
- Energy
Tax Rates in Montana
See the full tax breakdown including income tax, sales tax, property tax, and more on our Montana tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Montana after federal and state taxes.