Money is on a lot of people's minds these days.

While it's more affordable to live in Montana compared to a lot of places in the country, Montanans still feel the pinch, like many adults do. It's common to wonder, "Could I be making more money in Montana" and that leads to questions like, "What does it mean to be rich in Montana?"

Read More: The Signs That Someone in Montana Is Really Wealthy

being rich in Montana
Photo by Håkon Sataøen on Unsplash

Being Rich in Montana

Being rich is not the same as making a lot of money. You could own land or other assets but still not be bringing as much money as others.

Related: Who, Where and How Much: Top 10 Landowners in Montana

And "being rich" might feel skewed when there are four billionaires in Montana and only just over 1 million people. The cost of housing in Montana's major cities and celebrity sightings also may make it feel like there's a lot of money in Montana, but that might not be the case.

making money in Montana
Photo by Aidan Hancock on Unsplash

Making Money in Montana

Montana is actually ranked 40th according to a GoBankingRates in comparison to other states in terms of how much money you need to be in the top 5%. In the #1 ranked state, New Jersey, you need $562,886 to be in the top 5% in the state.

In Montana, you need to make a little over $100,000 to be in the top 20%. But to be in the top 5%, you need to make $370,234.

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