States · Montana

Montana Economy — Live Data

How is the economy doing in Montana? Unemployment is at 3.4%, below the national rate of 4.2%. As one of the key economies in the Mountain West, Montana leans on agriculture, mining, and tourism. Below: live jobs, housing, and income data from FRED and the BLS.

Unemployment Rate
3.4%
▼ Below US average (4.2%)
Nonfarm Jobs
523K
▼ -0.7% jobs YoY
House Prices (YoY)
+2.7%
▲ Rising
Per-Capita Income
$72K
▲ +4.5% vs prior year
Montana vs. United States — Unemployment
Montana
3.4%
United States
4.2%

Montana is outperforming the national labor market. Unemployment of 3.4% is 0.8 points below the US rate — a sign of relative strength in local hiring.

Jobs & Output
Nonfarm payrolls
523K
Job growth (YoY)
-0.7%
Real GDP (2025)
$62B
GDP growth (YoY)
+2.2%

Payrolls are monthly (BLS); GDP and income are annual (BEA). Key sectors in Montana: agriculture, mining, and tourism.

What this means if you live or work in Montana
💼
Job market
With unemployment below the national average, employers in Montana are competing for workers — leverage for job seekers and wage pressure for businesses.
🏠
Housing
House prices are rising moderately (+2.7% YoY) — a balanced market by recent standards.
💵
Income
Per-capita personal income in Montana is $72,340, up 4.5% from the prior year. Compare against national inflation to gauge real purchasing power.
🏭
Key industries
Montana's economy leans on agriculture, mining, and tourism — sector-specific national trends (energy prices, rates, consumer spending) hit this state through those channels first.
Key Numbers — Montana
Unemployment3.4%
US unemployment4.2%
Nonfarm jobs523K
House prices YoY+2.7%
Per-capita income$72,340
Real GDP$62B
Labor data as ofMay 2026
Nearby States
Idaho economy → Wyoming economy → North Dakota economy → South Dakota economy → All 50 states →
National Data
US labor market → US housing data → US inflation → Full dashboard →

Data: FRED (Federal Reserve Bank of St. Louis) — series MTUR, MTNA, MTSTHPI, MTPCPI, MTRGSP — plus BLS and BEA. Live values load on page open; figures shown are the most recent official releases. Not financial advice.