51 Montana Business Stats & Facts For 2025

Here are 51 business stats about Montana for 2025.

Basics:

Population: 1,132,812 (US Census 2020)
Population desnity per square mile: 7.40
GDP: $70,560 (millions USD)
GDP Per Capita: $62,753
Median household income (in 2022 dollars): $66,341
Real GDP Growth Rate: 2.20%
Total Employment: 538.7k
Unemployment Rate: 2.7%

Rankings

% Share of National Economy: 0.26%
State Economic Growth Rank (out of 50): 47
Population Growth Rank (out of 50): 3
Business Growth Rank (out of 50): 9
State Growth Rank in Employment (out of 50): 31

Biggest Industries In Montana By Revenue

1. Petroleum Refining: $8.3b
2. Lotteries & Native American Casinos: $8.2b
3. Gasoline & Petroleum Bulk Stations: $6.8b
4. Hospitals: $5.8b
5. Scientific Research & Development: $4.4b
6. Oil Drilling & Gas Extraction: $4.4b
7. Commercial Banking: $3.6b
8. New Car Dealers: $3.5b
9. Warehouse Clubs & Supercenters: $3.3b
10. Wholesale Trade Agents and Brokers: $3.0b

Biggest Employers In Montana

1. Walmart Inc.: 5,130 (1.0%)
2. Albertsons Companies, Inc.: 5,006 (0.9%)
3. Montana State University: 4,800 (0.9%)
4. Logan Health: 4,500 (0.8%)
5. Billings Clinic: 4,500 (0.8%)
6. Bozeman Health: 3,300 (0.6%)
7. University of Montana: 3,300 (0.6%)
8. Benefis Health System: 3,100 (0.6%)
9. Costco Wholesale: 2,625 (0.5%)
10. Glacier Bancorp, Inc.: 1,075 (0.2%)

Small Businesses In Montana

Number of Small Businesses 130,563
Percent of bossiness that are small businesses: 99.30%
Number of employees: 252,900
Share of Employment: 67.00%
Number of New Businesses In The Past Year: 7,037
Number of Businesses That Closed In The Past Year: 5,689
Net Change In New Businesses: 1,348

Number of Businesses With No Employees: 97,547
Number of Businesses with 1-19 Employees: 30,115
Number of Businesses with 20-499 Employees: 2,901
Share of Businesses Owned By Women: 45.50%
Share of Businesses Owned By Veterans: 9.30%
Share of Hispanic Owned Businesses: 2.30%
Share of Businesses Owned By Racial Minorities: 3.00%

Fortune 500 Companies In Montana

Number of Fortune 500 Headquaters: 6
Biggest Company: Emerson Electric
Biggest Company Type: Industrial Machinery
Number of Employees: 85,500
Revenue (in millions): $19,629

Taxes In Montana

State Corporate Tax Rate: 6.75%
State Corporate Tax Rate Brackets: $0

State Sales Tax Rate: 0.00%
State Sales Tax Rank (out of 50): 46
Average Local Sales Tax Rate: 0.00%
Max Local Sales Tax Rate: 0.00%
Average Combined Sales Tax Rate: 0.00%
Combined Sales Tax Rank (out of 50): 47

Minimum State Income Tax Rate If You’re Single: 5.00%
Minimum State Income Tax Rate If You’re Married: 5.00%

General Montana Population Facts

In civilian labor force, total, percent of population age 16 years+: 62.60%
In civilian labor force, female, percent of population age 16 years+: 59.20%
Share of population which is foreign born: 2.30%
Mean travel time to work (minutes), workers age 16 years+: 18.8

Housing

Number of Housing Units: 535,500
Owner-occupied housing unit rate: 69.00%
Median value of owner-occupied housing units: $305,700
Median gross rent per month: $974
Households with a computer: 92.90%
Households with a broadband Internet subscription: 86.60%

Education

High school graduate or higher, percent of persons age 25 years+: 94.50%
Bachelor’s degree or higher, percent of persons age 25 years+: 34.00%

Also See

• Montana Registered Agent Services
• Montana Secretary of State Business Search
• How To Form an LLC In Montana
• Montana Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Montana
• https://www.ibisworld.com/united-states/economic-profiles/montana/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-MT.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/mountain-plains/montana.htm#eag
• https://www.census.gov/quickfacts/fact/table/MT,US/PST045223
• https://www.50pros.com/fortune500