It's no secret that living in Montana can be costly. Although, it doesn't seem to stop folks from moving to The Treasure State.

With real estate prices among some of the most expensive in the country, one could assume that compared to other states, Montanans must be doing well when it comes to income, right? Yeah, not so much.

We have new data from our friends at WalletHub regarding where Montana ranks compared to the other states regarding yearly salary and (spoiler alert), we're not near the top.

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According to the data, the national median income across the United States is just under 75 thousand dollars. (In Montana that average is 68,937.00) You don't have to be a mathematician to know that in more popular parts of Montana, that isn't enough to buy you a home.

Where does Montana rank compared to the other 49 states regarding yearly salary?

Before we reveal where Montana ranks compared to the other states, let's take a look at some of the cheapest places to live in Montana.

These are the Top 8 Cheapest Towns To Live In, In Montana

Have you been contemplating moving to Montana? Maybe you already live here and the town has gotten so expensive you are having to relocate by no fault of your own. The good news, you can stay in Montana by moving to one of the cheapest towns in Montana.

PropertyClub.NYC has announced its 2023 list of the 8 cheapest Montana towns.

Gallery Credit: megan shaul

According to WalletHub, Montana ranks 37 out of 50 when it comes to states with the highest income. Taking a look at the map, Montana is in last place in our region, with all of the surrounding states ranked higher than Big Sky Country.

Source: WalletHub

One of the factors in determining the ranking is based on the annual income of the bottom 20 percent. In Montana, that income is right around 15 thousand dollars a year. What about those in the Top 5 percent? That number is just under 400 thousand per year at an average of 395 thousand.

Here Are The 25 Highest Paying Jobs In Montana

ZipRecruiter has listed these 25 jobs as the highest paying jobs in Montana for 2024

Gallery Credit: Nick Northern

LOOK: Best places to live in America

Great places to live often have top schools, safe streets, parks, and a sense of community. Stacker compiled a list of the best, using data from Niche

Gallery Credit: Aine Givens

LOOK: The priciest home for sale in every U.S. state

From vast expanses to explore in the West to "cozy" beach retreats in the East, get ready to be dazzled by the opulence of the most luxurious real estate across all 50 states. We've ranked them from the least expensive (a bargain at $3,095,000!) to the most expensive. Simply tap or click on the photo to see more of each home, or if you're feeling extravagant, book a viewing.

Gallery Credit: Stephen Lenz

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