How Is The Economy In Great Falls Montana?

The US average is 7.3%. – The Income Tax Rate for Great Falls is 6.9%. The US average is 4.6%.


Income and Salaries for Great Falls.

ECONOMY Great Falls, Montana United States
Unemployment Rate 4.2% 6.0%
Recent Job Growth -3.3% -6.2%
Future Job Growth 22.3% 33.5%
Sales Taxes 0.0% 6.2%

Is Great Falls Montana good place to live?

With safe neighborhoods, great schools, abundant recreational opportunities, excellent health care facilities and the majestic Montana landscape right in your backyard, you’ve made the right choice. As Montana’s third largest city with over 58,000 residents, Great Falls has lots to offer its residents.

Is Great Falls growing?

In 2010, the bureau estimated Cascade County’s population at 81,501, meaning the population has grown by 0.3 percent from 2010 to 2016. The county reached its peak population in 1978, with 86,400 people. Doney is correct, the Great Falls market is ripe for growth.

What is the unemployment rate in Great Falls Montana?

Great Falls, MT

Data Series Jan 2022 June 2022
Unemployment Rate(2) 3.2 (p)2.9
Nonfarm Wage and Salary Employment
Total Nonfarm(3) 35.4 (p)36.7
12-month % change 2.3 (p)3.1

What is the median household income in Great Falls Montana?

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2016-2020 14.8
Income & Poverty
Median household income (in 2020 dollars), 2016-2020 $49,809
Per capita income in past 12 months (in 2020 dollars), 2016-2020 $30,255

Is it cheaper to live in Idaho or Montana?

The cost of living in Idaho is only 3.7% higher than in Montana—so these two states are pretty much on par with each other in terms of living expenses. The only area where you’ll notice a significant difference is housing, which costs about 14% more in Idaho.

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Why are house prices so high in Montana?

June 2022: Houses are so expensive in Bozeman because of the low availability of land ⇓, high cost of land ⇑, high cost of labor ⇑, high cost of building materials ⇑, limited supply of homes for sale ⇓. Chart 1: Availability of land is low in Bozeman.

What is Great Falls known for?

Known for its rich heritage including a considerable influence from the Lewis & Clark expedition of 1805-06, Great Falls is home to the CM Russell Museum Complex, the Lewis & Clark Festival, the shortest river in the world and the largest freshwater spring in the United States, offering a true basecamp to art and

What the population of Great Falls Montana 2022?

Great Falls, Montana Population 2022

Year Population Growth Rate
2021 80,722 -0.40%
2020 81,044 -0.40%
2019 81,366 -0.40%
2018 81,688 0.07%

Does Great Falls Montana have mountains?

The ranges to the east and south of Great Falls are known as “Island” mountain ranges, mostly inactive volcanic remnants, within a half-hour to an hour’s drive. They are isolated from each other and seem to float out there on the plains like islands. But, don’t think these are small and boring.

How is the job market 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.

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How many people are employed in Montana?

377,638
Table

Businesses
Total employer establishments, 2020 39,505
Total employment, 2020 377,638
Total annual payroll, 2020 ($1,000) 16,540,470
Total employment, percent change, 2019-2020 0.7%

What industry is in Great Falls Montana?

The largest industries in Great Falls, MT are Health Care & Social Assistance (4,942 people), Retail Trade (4,075 people), and Accommodation & Food Services (2,682 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($99,405), Utilities ($53,846), and Public Administration ($51,530)

What you should know before moving to Montana?

Montana winters are extremely cold and feature unpredictable temperature swings. Between November and March, Montana’s temperature swings between 50 degrees above zero and 50 degrees below zero. If you’re moving to Montana, it’s important to dress for the weather and keep a winter survival kit in your car.

What is the best part of Montana to live in?

Here are the 10 best places to live in Montana.

  • Butte-Silver Bow.
  • Kalispell.
  • Bozeman.
  • Missoula.
  • Billings.
  • Polson.
  • Whitefish.
  • Livingston. Just north of Yellowstone National Park and along the Yellowstone River is Livingston, a city that relies heavily on tourism.

Where is the cheapest state to live?

Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.

How much is the average house in Montana?

$448,875. The typical home value of homes in Montana is $448,875. This value is seasonally adjusted and only includes the middle price tier of homes. Montana home values have gone up 25.6% over the past year.

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Why are people buying land in Montana?

Montana’s rich natural resources and manageable terrain makes it very valuable. Yet, the property taxes are very cheap compared to other states, making property here affordable. Many land buyers are surprised to find that you can get a great piece of property for less than the price of a new truck.

Is Montana expensive to live?

Average Cost of Living in Montana: $42,310 per year
According to MERIC data in the third quarter of 2021, Montana ranks 30th when it comes to cost of living. That means Montana is more expensive to live in than half of the country.

What is the fastest growing city in Montana?

In fact, in nearly every state at least one major metro area reported a faster population growth rate from 2010 to 2020 than the comparable national rate of 6.7%. The fastest growing city in Montana is the Missoula metro area. Its population grew by 11.3% from 2010 to 2020 to 121,630 residents.

Which side of Great Falls is better?

After visiting both sides of Great Falls on back-to-back weekends we can easily say that we liked Great Falls Park in Virginia the best. There was more parking, a bigger picnic area, and a much nicer Visitor Center.