Gallatin County, MT
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 45.52, -111.16.
Assembled 2026-10-19. Read the brief.
- 97th pct · 70th of 3,063 US counties · median $230,451
- 98th pct · 2nd of 56 Montana counties · median $286,409
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
- 30th pct · 2,133rd of 3,062 US counties · median +2.9%
- 9th pct · 51st of 56 Montana counties · median +3.9%
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
- 90th pct · 129th of 1,358 US counties · median $1,506
- 100th pct · 1st of 10 Montana counties · median $1,628
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
- 88th pct · 373rd of 3,221 US counties · median 8,232
- 98th pct · 2nd of 56 Montana counties · median 2,560
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
- 87th pct · 394th of 3,221 US counties · median $1,039
- 96th pct · 3rd of 56 Montana counties · median $996
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
- 97th pct · 83rd of 3,063 US counties · median 4.2
- 85th pct · 9th of 56 Montana counties · median 5.5
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $697,762 (Sep 2026), +1.1% over one year, +10.9% over five
- 97th pct · 70th of 3,063 US counties · median $230,451
- 98th pct · 2nd of 56 Montana counties · median $286,409
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Gallatin County, MT | $697,762 · +1.1% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $2,201/mo (Sep 2026), +3.8% over one year; price-to-rent 26.4
- 90th pct · 129th of 1,358 US counties · median $1,506
- 100th pct · 1st of 10 Montana counties · median $1,628
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Gallatin County, MT | $2,201/mo · +3.8% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $3,865 a month on $697,762 at 7.40%, against an average weekly wage worth $5,863 a month: 65.9% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $697,762 × 80% = $558,210, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $3,865/mo principal and interest
- wage share = payment / (avg weekly wage $1,353 × 52 / 12 = $5,863) = 66% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $697,762 / ($1,353 × 52) = 9.9
- price-to-rent = $697,762 / ($2,201 × 12) = 26.4
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
75,151 jobs at 10,177 employers (2026 Q1); +2.2% jobs and +0.1% average weekly wage over the year
- 88th pct · 373rd of 3,221 US counties · median 8,232
- 98th pct · 2nd of 56 Montana counties · median 2,560
- counties in the Bozeman metro: Rank context is unavailable: the manifest lists 1 counties in the Bozeman metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Gallatin County, MT | 75,151 jobs · $1,353/wk · +2.2% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Accommodation and food services | 12,962 | $902 | 1.92 | +2.6% |
| Retail trade | 9,377 | $898 | 1.28 | -0.7% |
| Health care and social assistance | 8,075 | $1,236 | 0.71 | +5.3% |
| Construction | 7,472 | $1,891 | 1.90 | +4.0% |
| Professional and technical services | 5,796 | $2,147 | 1.12 | +6.1% |
| Manufacturing | 3,326 | $1,396 | 0.55 | -5.2% |
| Administrative and waste services | 2,961 | $1,188 | 0.69 | +4.9% |
| Other services | 2,754 | $1,098 | 1.23 | -0.4% |
| Wholesale trade | 2,504 | $1,805 | 0.87 | +1.0% |
| Arts, entertainment and recreation | 2,447 | $592 | 1.98 | +2.8% |
| Finance and insurance | 1,927 | $3,206 | 0.63 | -2.2% |
| Transportation and warehousing | 1,569 | $1,148 | 0.50 | +7.0% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
No drought class at this point (USDM covers the United States only)
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 / 0.35
Banks & federal dollars #
$5.2 bn in deposits at 41 offices of 16 banks (SOD June 2026); HHI 1,811, highly concentrated. $829.8 m federal obligations in FY2026 (direct payments $528.0 m, grants $172.9 m), $11,041 per covered job
| Item | Value | Distance |
|---|---|---|
| Glacier Bank | $1.8 bn · 35.0% share · 9 offices | |
| Stockman Bank of Montana | $690.0 m · 13.2% share · 5 offices | |
| First Interstate Bank | $689.8 m · 13.2% share · 4 offices | |
| Gallatin, MT | $829.8 m FY2026 · $11,041/job | |
| MULTIPLE RECIPIENTS | $518.6 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Glacier Bank | $1,835,692,000 | 35.0% | 9 |
| Stockman Bank of Montana | $689,978,000 | 13.2% | 5 |
| First Interstate Bank | $689,841,000 | 13.2% | 4 |
| Wells Fargo Bank, National Association | $530,041,000 | 10.1% | 2 |
| American Bank | $341,001,000 | 6.5% | 3 |
| U.S. Bank National Association | $331,175,000 | 6.3% | 2 |
| Manhattan Bank | $252,738,000 | 4.8% | 4 |
| Opportunity Bank of Montana | $248,775,000 | 4.7% | 3 |
| Bank of Bozeman | $96,398,000 | 1.8% | 1 |
| The Yellowstone Bank | $71,487,000 | 1.4% | 1 |
Deposit concentration is 1,811 across 16 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 16 banks with deposits in the county = 35.0² + 13.2² + 13.2² + … (13 more) = 1,811
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
That is $11,041 per covered job, against 75,151 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $829.8 m / 75,151 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $11,041
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 17.95 | 2026-10-18 | -2.6% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.20 | 2026-10-19 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 652,115.00 | 2026-09-01 | +0.7% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Gallatin County, MT: 17 findings, 4 at a watch level and 13 noted
watchGallatin County, MT's years of wages of 9.9 ranks 83rd of 3,063 US counties, a watch level here: years of wages in the top tenth of US counties (position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-09.Show the arithmetic
- test: yearsOfWages percentile = 97.32201175702156 >= 90
- typical home value / (average weekly wage × 52); one average covered job, not a household
position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level
watchGallatin County, MT's price-to-rent ratio of 26.4 ranks 58th of 1,358 US counties, a watch level here: price-to-rent in the top tenth of US counties (position among the counties that published both ZHVI and ZORI this month; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-09.Show the arithmetic
- test: priceToRent percentile = 95.79955784819455 >= 90
- typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
position among the counties that published both ZHVI and ZORI this month; not an official level
watchGallatin County, MT's price-to-rent ratio is 26.4, a watch level here: typical home value worth 25 or more years of typical rent (typical home value / (typical rent × 12), Zillow ZHVI over ZORI, same month; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-09.Show the arithmetic
- test: priceToRent = 26.42339272543949 >= 25
- typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
typical home value / (typical rent × 12), Zillow ZHVI over ZORI, same month; convention chosen for this dashboard, not an official level
watchGallatin County, MT's price-to-rent ratio of 26.4 scores 96 on the 0-to-100 scale across US counties but 44 across Montana counties, a gap of 51 points.
Period 2026-09.Show the arithmetic
- 51 = |96 across US counties - 44 across Montana counties|
- typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
position among the entities that published this metric this period; not an official level
noteGallatin County, MT's covered employment was 2.2% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
Read all 12 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.