Gallatin County, MT
FIPS: 30031
Median HAM
18.4x
Very High
Jul 2023
Minimum HAM
31.6x
Very High
Jan 2026
HAM Burden
118%
Very High
Dec 2025
Not enough historical data to show a trend chart for this county.
Economic Profile
BEA GDP data (2024)
GDP Per Capita
$99,827
National avg: ~$82,000
Total GDP
$11.9B
Thousands of current $
Population
118,960
2020 Census
Top Industries by GDP
Real estate and rental and leasing20.5%
Professional, scientific, and technical services10.7%
Construction10.0%
Retail trade9.1%
Government and government enterprises8.9%
Data Breakdown
Median HAM
Data as of Jul 2023
Median Home Price
$604,900
Census ACS
Gross Median Income
$41,358
Census ACS
Net Median Income
$32,940
Calculated
Median HAM
18.36x
Minimum HAM
Data as of Jan 2026
Median Home Price
$675,488
Redfin
Min Wage (Hourly)
$12.48/hr
State labor data
Net Min Wage Income
$21,409
Calculated
Minimum HAM
31.55x
HAM Burden
Data as of Dec 2025
Monthly Rent
$2,108
Zillow ZORI
Min Wage (Hourly)
$12.48/hr
State labor data
Monthly Net Min Wage
$1,784
Calculated
HAM Burden
118.2%
Methodology: HAM = Home Price / Net Annual Income. Net income assumes single filer, standard deduction, 2,080 hrs/yr for minimum wage. Federal + state tax + FICA deducted. Home price source priority: Zillow ZHVI > Redfin > Census ACS.