How Financially Responsible Is Montana Compared To Other States?

Are you a spender or a saver? Like most people, I try my best to stick to a budget and keep my spending in check. It takes discipline to build good financial habits, and if you've mastered them, that's definitely something to be proud of. 

But what about the rest of Montana? Are we financially responsible as a state, and how do we compare to residents in other parts of the country?

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Recently, the social media agency Socially Powerful, decided to create a full breakdown report of the most "Financially Irresponsible States." Naturally, we had to see where Montana landed—and let's just say you might feel pretty good about the results.

So, where do Montanans rank when it comes to financial responsibility?

We actually landed near the bottom of the list—which is a good thing in this case! Montana ranked #42 in the country, meaning we're managing our finances better than most. Looks like we're doing something right!

Here are some financial numbers to mull over about Montanans...

Montana Ranks #42 For Irresponsible States

• Median Household Income 2023: $70,804
• Average Retirement Savings 2024: $390,768
• Average Bank Card Balance 2024: $5,728
• Average Credit Score 2024 (from VantageScore): 720
• Average Amazon Spending Per Month 2023: $92.01

We are clearly NOT the worst of the worst... But these States are... Financially at speaking.

The Top Five Financially Irresponsible States

1.) Washington
2.) Texas
3.) Colorado
4.) Florida
5.) Rhode Island

Alright, let's give ourselves a round of applause for being more financially responsible than much of the country! In times like these, every win counts—especially when it comes to managing money.