Ravalli County, MT Economy


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United States / Montana / No Metro Area / Ravalli County / Cities / Zip Codes
Ravalli County, MT is a great place to live with plenty of amenities. It has a lower than average cost of living, with an average two bedroom rent of $880 compared to the US average of $1,430. The county also has low grocery costs with an index score of 101 versus 100 in the US.
Ravalli County is home to several businesses including Ravalli Electric Cooperative, Montana State Bank, Beehive Federal Credit Union, and Great Western Insurance. These organizations provide jobs in the area and offer services such as banking, lending, insurance and electricity services for residents. Other features that attract people to Ravalli include its beautiful natural landscape with picturesque mountains and valleys that are perfect for hiking or camping trips. Additionally there are many local attractions such as the Bitterroot River Valley Museum which showcases artifacts from local history and hot springs which draws tourists from all over the country.

Ravalli County has an unemployment rate of 4.8%. The US average is 6.0%.

Ravalli County has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Ravalli County
- The Sales Tax Rate for Ravalli County is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Ravalli County is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Ravalli County
- The average income of a Ravalli County resident is $22,516 a year. The US average is $28,555 a year.
- The Median household income of a Ravalli County resident is $59,640 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRavalli, MontanaUnited States
  4.86
  -0.3%-6.2%
  34.5%33.5%
  0.0%6.2%
  6.9%4.6%
  $34,836$37,638
  $59,640$69,021
  $71,679$85,028
  Population by Occupation
  4.0%1.2%
  1.2%0.5%
  10.0%6.8%
  7.2%10.0%
  2.8%2.5%
  10.3%11.0%
  5.4%4.8%
  0.7%0.8%
  2.8%1.9%
  4.1%4.7%
  2.0%1.9%
  6.4%7.6%
  0.1%0.1%
  4.2%4.2%
  7.6%9.3%
  15.0%14.0%
  2.9%2.1%
  5.6%7.0%
  4.7%4.8%
  3.3%4.7%
Health