34. Montana

Quality of life is high in Big Sky Country. But workforce issues remain.

An ore truck at copper mine in Montana.
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An ore truck at copper mine in Montana.
2018 Rank
2017 Rank
Workforce 180 45 44 D+
Infrastructure 193 32 30 (Tie) C
Cost of Doing Business 227 14 11 (Tie) A-
Economy 132 34 35 (Tie) C-
Quality of Life 214 7 8 B+
Technology & Innovation 75 39 37 D-
Education 104 24 22 C
Business Friendliness 85 20 26 C+
Access to Capital 28 38 35 D-
Cost of Living 20 31 30 D+
Overall 1258 34 30 -

Economic Profile

Governor: Steve Bullock, Democrat

Population: 1,050,493

GDP growth (Q4 2017): 1.3 percent

Unemployment rate (May 2018): 3.9 percent

Top corporate tax rate: 6.75 percent

Top individual income tax rate: 6.9 percent

Gasoline tax: 32.25 cents/gallon

Bond rating (Moody's/S&P): Aa1, stable/AA, stable

Major private employers: Wal-Mart, Albertson's, Glacier Bancorp

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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