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The total population of Cut Bank is estimated to be 3,061 with 1,632 males (53.32%) and 1,429 females (46.68%). There are 203 less females than males in Cut Bank.
The median household income in Cut Bank was $47,732 in 2021, which marked an a decrease of 558(1.16%) from $48,290 in 2020. This income is 63.98% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Cut Bank sees its highest median household income among householders in the age group of 45 to 64 years old, at $56,134. Overall, the median household income for the city of Cut Bank stands at $47,732.
In Cut Bank, the median income for all workers aged 15 years and older, regardless of work hours, was $36,732 for males and $24,355 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,225 for males and $46,164 for females.
In Cut Bank, there are just two different racial groups among households. Among these, White households report a median household income of $57,262, while American Indian and Alaska Native households have a median household income of $42,163.
In 2022, the population of Cut Bank was 3,035, a 0.56% decrease year-by-year from 2021. Previously, in 2021, Cut Bank's population was 3,052, a decline of 0.00% compared to a population of 3,052 in 2020.
The median age in Cut Bank, MT is 40.1, as per 2021 ACS 5-Year Estimates. Of the total population, 25.91% were under the age of 15, 13.35% aged 15 to 29, 46.84% aged 30 to 64, 11.25% aged 65 to 84, and 2.66% were 85 years of age and older.
Racial distribution of Cut Bank population: 69.43% are White, 0.56% are Black or African American, 22.01% are American Indian and Alaska Native, 0.23% are Asian, 1.84% are some other race and 5.94% are multiracial.