This Is How Much Money You Need to Make to be in Top 5% in Montana

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

• Just today, the Montana Millionaire sold out in record time. 
• The labor market is holding steady after an update from the Labor Department, according to U.S. News. 
• SAG-AFTRA is still on strike, with talks resuming today. 
• UAW just struck a deal with GM. 
• Yet, CNBC is reporting 62% of adults live paycheck to paycheck according to LendingClub. 

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

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

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.