33. Montana

The quality of life is grand here, but a sluggish, low-tech economy completes the picture.

US State Politics Or Business Concept: Montana Flag Wall With Plaster, Texture
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 206 37 45 D-
Economy 144 40 34 D+
Infrastructure 172 29 32 C+
Cost of Doing Business 230 11 14 A-
Quality of Life 221 7 7 B
Education 79 34 24 D+
Technology & Innovation 59 39 39 D-
Business Friendliness 97 23 20 C+
Access to Capital 18 40 38 D-
Cost of Living 18 33 31 D+
Overall 1244 33 34 -

Economic Profile

Governor: Steve Bullock, Democrat

Population: 1,062,305

GDP growth (Q4 2018): 1.3%

Unemployment rate (May 2019): 3.6%

Top corporate tax rate: 6.75%

Top individual income tax rate: 6.9%

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