Montana Economy


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Montana State is an outstanding destination with its abundant natural beauty and outdoor recreation offerings. With an average two bedroom rent of $990, it is cheaper than the US average of $1,430. Grocery Cost Index also stands at 100 in Montana State, making it a very budget friendly place to live. Those looking for employment have plenty of options too, as local companies such as Montana Highlands Distillery, Yellowstone Valley Brewing Company and Stockman Bank are based here. Whether you're looking for employment or a vacation destination, you're sure to find what you're looking for in Montana State.

Montana has an unemployment rate of 4.4%. The US average is 6.0%.

Montana has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.

Tax Rates for Montana
- The Sales Tax Rate for Montana is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Montana 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 Montana
- The average income of a Montana resident is $25,977 a year. The US average is $28,555 a year.
- The Median household income of a Montana resident is $60,560 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontana, MontanaUnited States
  4.46
  -1.9%-6.2%
  28.2%33.5%
  0.0%6.2%
  6.9%4.6%
  $34,423$37,638
  $60,560$69,021
  $77,152$85,028
  Population by Occupation
  4.8%1.2%
  1.4%0.5%
  8.5%6.8%
  4.9%10.0%
  2.0%2.5%
  12.3%11.0%
  4.3%4.8%
  0.9%0.8%
  1.6%1.9%
  3.5%4.7%
  1.7%1.9%
  5.8%7.6%
  0.0%0.1%
  3.2%4.2%
  8.8%9.3%
  14.6%14.0%
  2.5%2.1%
  8.5%7.0%
  4.9%4.8%
  5.8%4.7%
Reviews for Montana
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Over 3 years ago

I've lived in Roy for me entire life it is a great town. Everyone are Friends if you need help someone will help you. There is a School that teaches k-12 and has sports:  More

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Hello! I’m looking for some input regarding relocating to MT. I’m currently living in SC, but grew up in CA. I am a stay at home mom and my husband works in banking.  More

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Over 9 years ago

I am black, my husband is white; all I've ever wanted to do is visit the lakes and mountains of Montana. I am wondering how likely it is to be accepted there in terms  More

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