Richest Cities In Montana For 2020


We analyzed 33 places in Montana to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Montana.

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Sidney, Belgrade, Glendive: These cities aren't just some of the best places to live in Montana. They are also home to some of the richest people in the Treasure State.

Sidney in particular houses the richest residents in the state thanks, in part, to a median household income of $60,716 and a ridiculously low poverty rate of 4.7168347556245145%.

If you're thinking of moving to one of these towns, you'll probably need to start saving. The richest places in Montana share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 34 places in Montana with more than 2,000 people.

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Montana.

Rich people not your cup of tea? Feel free to check out some more reading about Montana:

The 10 Richest Cities In Montana For 2020

Sidney, MT

Overall SnackAbility

7
/10

Population: 6,475
Rank Last Year: 1 (No Change)
Median Income: $60,716
Unemployment Rate: 1.6%
Poverty Rate: 4.7%
More on Sidney: Real Estate | Data | Photos

Sidney is a city in and the county seat of Richland County, Montana, United States, less than 10mi away from the North Dakota border. The population was 5,191 at the 2010 census. The city lies along the Yellowstone River and is in proximity to the badlands of the Dakotas. Sidney is approximately midway between Glendive, Montana and Williston, North Dakota.

Review Of Sidney by HomeSnacks User

Im from sidney, im a highschool grad. growing up there only 5 people have dropped out. How dare you insult my home with ur bull c**p u call a study. HOW DARE U

Belgrade, MT

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 8,345
Rank Last Year: 7 (Up 5)
Median Income: $58,146
Unemployment Rate: 2.5%
Poverty Rate: 6.5%
More on Belgrade: Real Estate | Data | Photos

Glendive, MT

Overall SnackAbility

8.5
/10

Population: 5,232
Rank Last Year: 3 (No Change)
Median Income: $50,681
Unemployment Rate: 1.9%
Poverty Rate: 10.4%
More on Glendive: Real Estate | Data | Photos

Miles City, MT

Overall SnackAbility

8.5
/10

Population: 8,576
Rank Last Year: 5 (Up 1)
Median Income: $54,746
Unemployment Rate: 2.6%
Poverty Rate: 11.8%
More on Miles City: Real Estate | Data | Photos

Miles City is a city in and the county seat of Custer County, Montana, United States. The population was 8,410 at the 2010 census.

Colstrip, MT

Source: Public domain
Overall SnackAbility

8.5
/10

Population: 2,446
Rank Last Year: 8 (Up 3)
Median Income: $87,188
Unemployment Rate: 5.4%
Poverty Rate: 5.9%
More on Colstrip: Real Estate | Data | Photos

Billings, MT

Overall SnackAbility

8
/10

Population: 109,431
Rank Last Year: 6 (No Change)
Median Income: $57,172
Unemployment Rate: 3.2%
Poverty Rate: 10.2%
More on Billings: Real Estate | Data | Photos

Billings is the largest city in the state of Montana, and the principal city of the Billings Metropolitan Area with a population of 166,855. It has a trade area of over half a million people.

Review Of Billings by HomeSnacks User

I've had a brother that lived in Billings MT and we have cousins that live in Malta and Chinook MT. Anytime we've ever been there we've always enjoyed the different beauty and life style.

Farming is on the range there and farming in other places have different ways to raising their animals but they all come out the same if it's for the same purpose

Glasgow, MT

Overall SnackAbility

6
/10

Population: 3,348
Rank Last Year: 2 (Down 5)
Median Income: $62,300
Unemployment Rate: 6.2%
Poverty Rate: 5.7%
More on Glasgow: Real Estate | Data | Photos

Red Lodge, MT

Source: Public domain
Overall SnackAbility

8
/10

Population: 2,277
Rank Last Year: 11 (Up 3)
Median Income: $49,450
Unemployment Rate: 0.0%
Poverty Rate: 14.3%
More on Red Lodge: Real Estate | Data | Photos

Laurel, MT

Overall SnackAbility

6
/10

Population: 6,849
Rank Last Year: 9 (No Change)
Median Income: $50,541
Unemployment Rate: 3.3%
Poverty Rate: 7.3%
More on Laurel: Real Estate | Data | Photos

Laurel is a city in Yellowstone County, Montana, United States. It is the third largest community in the Billings Metropolitan Statistical Area, and is located in the Yellowstone Valley, as an east-west terminal division point of the Burlington-Northern Railroad. The population was 6,781 at the 2010 census.

Columbia Falls, MT

Overall SnackAbility

8.5
/10

Population: 5,225
Rank Last Year: 15 (Up 5)
Median Income: $47,716
Unemployment Rate: 2.6%
Poverty Rate: 12.7%
More on Columbia Falls: Real Estate | Data | Photos

Columbia Falls is a city in Flathead County, Montana, United States. The population was 4,710 at the 2010 census

Review Of Columbia Falls by HomeSnacks User

The people in this town are so nice and generous. There's a strong sense of community here. People really look out for one another and always offer help when needed.

The people here are the nicest I have ever come across.

How We Determined The Richest Places In Montana For 2020

Map Of The Richest Places To Live In Montana
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 34 places with more than 2,000 people in Montana, we ranked each place from 1 to 34 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Sidney, crowned the "Richest City In Montana For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 34 places.

There You Have It - The Wealthiest Places In Montana For 2020

Like we said earlier, when we set out to identify the richest places in Montana, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Montana.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Montana, according to data:

Poorest: Wolf Point
2nd Poorest: Libby
3rd Poorest: Stevensville

For more Montana reading, check out:

Detailed List Of The Richest Cities In Montana

Rank City RichScore Median Income
1 Sidney 3.0 $60,716
2 Belgrade 5.67 $58,146
3 Glendive 8.67 $50,681
4 Miles City 9.67 $54,746
5 Colstrip 10.0 $87,188
6 Billings 10.0 $57,172
7 Glasgow 10.33 $62,300
8 Red Lodge 10.33 $49,450
9 Laurel 11.67 $50,541
10 Columbia Falls 12.0 $47,716
11 Townsend 12.67 $50,341
12 Whitefish 12.67 $51,059
13 Columbus 13.33 $59,444
14 Helena 14.33 $56,221
15 Livingston 17.0 $42,635
16 Shelby 17.33 $39,205
17 Lewistown 17.33 $42,247
18 Conrad 17.67 $43,810
19 Bozeman 18.67 $51,896
20 Deer Lodge 19.0 $41,332
21 Great Falls 19.0 $45,620
22 Kalispell 19.67 $47,362
23 Malta 21.0 $45,242
24 Hamilton 21.67 $30,361
25 Havre 22.67 $46,419
26 Anaconda-Deer Lodge County 23.33 $41,783
27 Missoula 23.33 $45,010
28 Dillon 24.67 $34,432
29 Polson 26.67 $36,272
30 Hardin 26.67 $43,377
31 Cut Bank 27.67 $36,485
32 Stevensville 28.0 $32,500
33 Libby 29.67 $30,217
34 Wolf Point 29.67 $44,276

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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