Top States for Business

30. Montana

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Montana Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE2053348C-
INFRASTRUCTURE1434543F
COST OF DOING BUSINESS1902720B
ECONOMY224918B
LIFE, HEALTH & INCLUSION1662417C-
TECHNOLOGY & INNOVATION814635F
BUSINESS FRIENDLINESS14955A-
EDUCATION783328C-
ACCESS TO CAPITAL193841D
COST OF LIVING232827C
OVERALL12783034

Economic Profile

Governor: Greg Gianforte, Republican

Population: 1,104,271

GDP growth (Q1 2022): -3.8%

Unemployment rate (May 2022): 2.4%

Top corporate tax rate: 6.75%

Top individual income tax rate: 6.75%

Gasoline tax: 33.25 cents/gallon

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

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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