2014 HUD Median Income for Montana Counties

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Median household income is used for a range of reasons, including determining eligibility for low to moderate mortgage financing; also known as CRA (Community Reinvestment Act).

Fannie Mae and Freddie Mac each have a special mortgage program that is partially dependent on the household median income (i.e. Home Possible Mortgage and the My Community Mortgage).

If you’re searching for a mortgage and your household income is at or under the limits displayed below, mention this to the lender or mortgage broker. The benefit may be a smaller down payment, closing cost assistance, grant money, cheaper interest rate or lower mip/pmi.

The U.S. Census Bureau defines media n household income as follows:

“Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income”

2014 Median Income For Montana Counties

Montana County MSA Area Median Income
BEAVERHEADNON METRO AREA $61,700
BIG HORNNON METRO AREA $58,100
BLAINENON METRO AREA $58,100
BROADWATERNON METRO AREA $58,100
CARBONBillings, MT $59,500
CARTERNON METRO AREA $58,100
CASCADEGreat Falls, MT $56,200
CHOUTEAUNON METRO AREA $58,100
CUSTERNON METRO AREA $58,100
DANIELSNON METRO AREA $58,100
DAWSONNON METRO AREA $65,700
DEER LODGENON METRO AREA $58,100
FALLONNON METRO AREA $69,200
FERGUSNON METRO AREA $58,100
FLATHEADNON METRO AREA $58,100
GALLATINNON METRO AREA $71,100
GARFIELDNON METRO AREA $58,100
GLACIERNON METRO AREA $58,100
GOLDEN VALLEYBillings, MT $58,100
GRANITENON METRO AREA $58,100
HILLNON METRO AREA $59,400
JEFFERSONNON METRO AREA $74,900
JUDITH BASINNON METRO AREA $58,100
LAKENON METRO AREA $58,100
LEWIS AND CLARKNON METRO AREA $70,800
LIBERTYNON METRO AREA $58,100
LINCOLNNON METRO AREA $58,100
MADISONNON METRO AREA $58,600
MCCONENON METRO AREA $61,900
MEAGHERNON METRO AREA $58,100
MINERALNON METRO AREA $58,100
MISSOULAMissoula, MT $61,200
MUSSELSHELLNON METRO AREA $58,100
PARKNON METRO AREA $58,100
PETROLEUMNON METRO AREA $58,100
PHILLIPSNON METRO AREA $58,500
PONDERANON METRO AREA $58,100
POWDER RIVERNON METRO AREA $58,100
POWELLNON METRO AREA $58,100
PRAIRIENON METRO AREA $58,100
RAVALLINON METRO AREA $58,400
RICHLANDNON METRO AREA $70,600
ROOSEVELTNON METRO AREA $58,100
ROSEBUDNON METRO AREA $61,100
SANDERSNON METRO AREA $58,100
SHERIDANNON METRO AREA $61,400
SILVER BOWNON METRO AREA $58,100
STILLWATERNON METRO AREA $69,400
SWEET GRASSNON METRO AREA $60,400
TETONNON METRO AREA $58,100
TOOLENON METRO AREA $65,300
TREASURENON METRO AREA $58,100
VALLEYNON METRO AREA $59,700
WHEATLANDNON METRO AREA $58,100
WIBAUXNON METRO AREA $58,100
YELLOWSTONEBillings, MT $59,500