34. Montana

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

An ore truck at copper mine in Montana.
Getty Images
An ore truck at copper mine in Montana.
Category
Score
2018 Rank
2017 Rank
Grade
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

Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

  • Top States promos Arm Wrestling

    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.

Latest Special Reports

  • In a world of big box retail and e-commerce, successful business owners are taking new paths to Main Street success.

  • Covid-19 is expected to be with us for years even if the colossal investment in treatments and vaccines eventually manages to contain and control the global pandemic. The world will look dramatically different in its wake. As businesses begin the shift from crisis mode to planning for the lasting impact of Covid, CNBC’s journalists will hunt for cases of companies and industries taking a leading role in shaping Our New Future.

  • Traders and financial professionals work on the floor of the New York Stock Exchange.

    CNBC’s financial reporters weigh in on what every investor needs to know when it comes to companies' earnings reports.