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 the number 1 industry in Montana?
Montana’s industry with the highest average annual wage is Mining, followed by Financial Activities and Construction.
What are the top 5 industries in Montana?
Montana’s economy is dominated by agriculture, mining, healthcare, forestry, service, and energy production. The service industry employs about a third of the workforce.
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 Montana known for producing?
Montana also ranks within the top 10 states in production of honey, beef calves, winter wheat, alfalfa hay, garbanzo beans, sheep and lambs, wool and sugar beets.
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 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.
Who is the largest employer in Montana?
Talen Montana
In 2021, Talen Montana was the largest company headquartered in Montana, employing about 12,256 people. Fringe Benefit Resources, Billings Clinic, Benefis Hospitals, and Iinnii Initiative rounded out the top five employers headquartered in Montana.
Does Montana have a strong economy?
Montana’s Economy 7th Strongest in Nation With Robust Growth in 2021.
What is the job market like in Montana?
The job and employment situation in Montana is, quite simply, rather dismal for people who would like to move here. Some areas of Montana have very high unemployment due to a loss of resource extraction jobs (mining and forestry) and have not made those job losses up in other areas.
What 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 Montana’s main crop?
wheat
Montana’s primary crop is wheat. In addition to the list below, other crops grown in Montana include apples, canola, potatoes, dry beans, field peas, flax, grapes, garlic, lentils, safflowers, mustard, squash, alfalfa, and many more.
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 are the most common jobs in Montana?
What Are the Most Popular Jobs in Montana?
- Office and Administrative Support Occupations with 67,620 employed.
- Sales and Related Occupations 49,960 employed.
- Food Preparation and Serving Related Occupation 46,030 employed.
- Healthcare Practitioners and Technical Occupations 29,340 employed.
What fruit is native to Montana?
A wide range of berry and small fruits thrive in Montana soils and climates. These include Strawberries, Honeyberries or Haskaps, Raspberries, Juneberries, Currants, Gooseberries, Bush Cherries, and Aronia.
What grows good in Montana?
Beets, carrots, potatoes, corn, green beans, spinach, onions, radishes, turnips, and herbs like chives, parsley, dill, and cilantro can be planted in your outdoor garden as seeds.
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 no tax state?
Another sparsely populated state, Montana does not have a state sales tax. However, local municipalities that attract tourists such as Big Sky have the right to implement local sales taxes. Property taxes are on the heavier end of the scale, and income tax is near the average rate of all 50 states.
Is Montana a low tax state?
Montana is a relatively taxpayer-friendly state. There are no sales taxes in Big Sky Country and property taxes are below the national average, with an average effective rate of just 0.83%. The state does have a personal income tax, though, with rates ranging from 1% to 6.9%.
What is Montana’s biggest import?
Below are Montana’s top 10 import products highlighting the state’s highest spending on foreign-made goods in 2020.
- Crude petroleum oils: $2.2 billion (55% of Montana’s total imports)
- Miscellaneous platinum scrap: $318 million (8%)
- Urea: $83 million (2.1%)
- Coniferous wood sawn or chipped lengthwise: $78 million (2%)
What is special about Montana?
Montana is home to the most number of golden eagles in the United States of America. Butte, a city in Montana, has a rich mining history and is known as the richest hill on Earth. The first national park in the world, Yellowstone National Park is situated in Montana.