Payroll wages are the primary source of income for most Montanans, therefore QCEW data is useful for looking at how industries benefit workers. Montana’s industry with the highest average annual wage is Mining, followed by Financial Activities and Construction.
How does Montana make their money?
Montana’s economy is dominated by the primary sector—agriculture, forestry, mining, and energy production—and by services. About one-third of the state’s workforce is employed in the service sector. The outdoor recreation industry has become important, and some high-technology industries have come to the state.
What is Montana’s biggest economy?
Montana’s economy is dominated by agriculture, mining, healthcare, forestry, service, and energy production. The service industry employs about a third of the workforce. The manufacturing sector accounts for about 7% of the GDP, but agriculture, real estate, and mining make up for the shortfall.
What are the top 3 industries in Montana?
Finally, the largest private industries in terms of employment are health care, trade, and leisure activities. These three industries combined employ nearly 45% of Montana’s workers. Government is also a large employer with roughly 18.8% of employment, most of whom are employed by local governments.
What is the main occupation in Montana?
The highest number of professionals tend to be in the healthcare industry, followed by those in education. Most office jobs tend to be clerical in nature. Sales, restaurant, and transportation industries figure highly in jobs in Montana.
What is the number 1 industry in Montana?
Montana’s industry with the highest average annual wage is Mining, followed by Financial Activities and Construction.
Is Montana a high tax state?
Montana Tax Rates, Collections, and Burdens
Montana has a 6.75 percent corporate income tax rate. Montana does not have a state sales tax and does not levy local sales taxes. Montana’s tax system ranks 5th overall on our 2022 State Business Tax Climate Index.
Is Montana a poor state?
According to the American Fact Finder 2012, the poverty level of Montana is 15.5% of the population with an estimated 152,199 people in the state living below the poverty threshold.
What is the main product of Montana?
wheat
Cattle and wheat remain Montana’s largest commodities, and together account for three-fourths of the state’s agricultural cash receipts.
What is Montana’s biggest export?
Made-in-America Manufacturing Exports from Montana and Jobs
The state’s largest manufacturing export category is chemicals, which accounted for $311 million of Montana’s total goods exports in 2018.
Does Montana have a good economy?
HELENA, Mont. – Governor Greg Gianforte today announced Montana’s economy grew an inflation-adjusted 6.7% in 2021, the seventh largest rate of growth in the country. It also marks the sharpest rate growth in Montana in more than 40 years.
What is Montana known for?
Montana is known for:
- Yellowstone National Park.
- Bighorn Mountains.
- Wildlife.
- Sapphires.
- Rich deposits of minerals.
How much does Montana contribute to the US?
In 2020, Montana generated around $3.7 billion in agricultural cash receipts with the highest valued commodities being cattle and calves, wheat, and hay. That same year, the value of Montana’s agricultural production and processing industries represented 4.9 percent of total state GDP.
What is minimum wage in the state of Montana?
Montana Minimum Wage for 2021, 2022. Montana’s state minimum wage rate is $9.20 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
Is it hard to find work in Montana?
Montana’s unemployment rate is low at 3.9 percent and even lower in Montana’s metro areas, like Missoula at 3 percent and Billings at 3.1 percent. Given these data, it is not surprising that Montana’s employers report they are having a hard time finding skilled workers.
Where is the most work in Montana?
Montana may be a rural state, but its jobs are clustered around seven urban centers: the cities of Billings, Missoula, Bozeman, Kalispell, Great Falls, Helena, and Butte.
Who is a famous person from Montana?
Actors
| Name | Lifetime | Montana connection |
|---|---|---|
| Scott Michael Campbell | 1971–present | Born in Missoula |
| Dana Carvey | 1955–present | Born in Missoula |
| Gary Cooper | 1901–1961 | Born and raised on a ranch near Helena |
| Walter Coy | 1909–1974 | Born in Great Falls |
What are the top five commodities in Montana?
In terms of revenue generated Montana’s top five agricultural products are cattle and calves, wheat, barley, hay, and sugar beets.
What is the main industry in Bozeman Montana?
The largest industries in Bozeman, MT are Educational Services (4,529 people), Retail Trade (4,233 people), and Accommodation & Food Services (3,410 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($110,795), Utilities ($75,081), and Finance & Insurance ($58,286).
What state has no income tax?
Only seven states have no personal income tax:
- Wyoming.
- Washington.
- Texas.
- South Dakota.
- Nevada.
- Florida.
- Alaska.
Is Montana a free state?
Overall, Montana is one of the least free states when it comes to the labor market. Health insurance mandates are extremely expensive. Montana has among the most extensive occupational licensing regimes. However, nurses and physician assistants enjoy substantial practice freedom.