Economic Outlook Rank Montana is currently ranked 31st in the United States for its economic outlook.
What is the main source of income in Montana?
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.
Does Montana have a strong 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.
Is Montana considered 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.
Is Montana rich or poor?
Montana is the forty-sixth richest state in the United States of America, with a per capita income of $17,151 (2000).
What is the most common job 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.
Is Montana a good place to live?
Montana Is Full of Great Places to Live
Although far down the list of most populous states, Montana has two cities ranked among Livability’s 2018 Top 100 Best Places to Live. The college towns of Bozeman, home of Montana State University, is ranked No. 96; and Missoula, home to the University of Montana is ranked 59.
What is the cost of living in Montana?
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 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.
What is America’s richest state?
These Are the 10 Richest States in the U.S.
- Maryland. John GreimGetty Images.
- Massachusetts. Boston GlobeGetty Images.
- New Jersey. John MooreGetty Images.
- Hawaii. Mark BosterGetty Images.
- California. George RoseGetty Images.
- Connecticut. Brooks KraftGetty Images.
- Washington. Dan Callister/Getty Images.
- New Hampshire.
What is America’s poorest state?
Mississippi
Mississippi. Mississippi is the poorest U.S. state, with 18.8% of its residents living in poverty. The state also has the highest child poverty rate, with 27.9% of its under-18 population meeting federal poverty guidelines. Fifteen percent of residents are food insecure.
What is the poorest town in Montana?
Conrad
Though Conrad ranks as the poorest town in Montana, the median income in the small northern Montana city is not much lower than the median income across the state as a whole. The typical household in Conrad earns $43,372 a year, only about $7,000 less than the median annual household income statewide.
Where do the rich live in Montana?
In Montana, Missoula is home to more billionaires than any other city. A total of two billionaires live in Missoula with a combined net worth of $8.3 billion. Of Missoula residents with a minimum 10-figure net worth, Dennis Washington is the wealthiest, worth an estimated $6.3 billion.
What billionaires live in Montana?
Forbes lists 4 billionaires in Montana.
- #4. Linda Pritzker.
- #3. Austen Cargill II.
- #2. Marianne Liebmann.
- #1. Dennis Washington.
- You may also like: Where people in Montana are moving to most.
Where do celebrities live in Montana?
Big Sky, MT. Within the past five to 10 years, celebrities have been flocking here—45 miles to the southwest of Bozeman—in droves, snapping up mansions and vacation rentals. From actors such as Ben Affleck to superstar athletes (hello, Tom Brady), it’s a star-studded mecca.
What is the average price for a home 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.
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.
Who is the largest employer in Montana?
Talen Montana
1) Talen Montana
Talen Montana is a Montana Coal Power Plant with over 12,000 employees making it the largest employer in Montana. They operate power plants that use diverse fuel sources and sell energy to wholesale customers.
What is the nicest city in Montana?
Bozeman. Bozeman is regarded as one of the best cities to live in Montana. It’s a quaint mountain town of 49,000 that sits high up in the Rockies. It has fantastic views, great skiing, and lots of innovative restaurants, which is surprising given its small size.
How long is winter in Montana?
3.2 months
The cold season lasts for 3.2 months, from November 18 to February 25, with an average daily high temperature below 40°F. The coldest month of the year in Montana City is December, with an average low of 14°F and high of 31°F.