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#41

Montana

β€œThe Treasure State”

Admitted: November 8, 1889
Capital: Helena
1.1M people
$64.8B GDP

What Makes Montana Beautiful

Montana is Big Sky Country in every sense, where the Northern Rockies' glacier-carved peaks meet endless grassland prairies under the most expansive sky in America. Glacier National Park's alpine lakes glow turquoise, the Beartooth Highway traverses some of the most dramatic mountain scenery on Earth, and the wild Missouri River breaks recall the days of Lewis and Clark.

Glacier National ParkBeartooth HighwayMissouri River BreaksFlathead LakeBighorn Canyon

Key Metrics

1.1M

Population

$64.8B

GDP

+6.5%

GDP Growth (5yr)

$64.9K

Median Income

7.8%

Tax Burden

History

1805

Lewis and Clark expedition traverses Montana

1876

Battle of Little Bighorn; Custer's Last Stand

1889

Admitted as the 41st state

1910

Great Fire of 1910 burns three million acres across Montana and Idaho

1940

Fort Peck Dam completed, one of the largest earth-filled dams

Top Cities

#1

Billings

120K

Largest city; oil refining; gateway to Yellowstone

#2

Missoula

75K

University of Montana; outdoor recreation hub

#3

Great Falls

60K

Malmstrom Air Force Base; Missouri River city

#4

Bozeman

56K

Montana State University; fastest-growing city

#5

Helena

33K

State capital; gold rush origins; Last Chance Gulch

Economy & Industry

Core Industries

AgricultureMiningTourismTimberOil & GasRanching

Natural Resources

CoalCopperGoldPalladium

Energy Portfolio

Natural Gas
10%
Coal
28%
Wind
18%
Hydro
35%
Other Renew.
9%

Budget & Fiscal Health

$13.5B

State Budget

$13B

State Revenue

$-0.5B

Fiscal Balance

Social Indicators

12.1%

Poverty Rate

33.2%

College Degree

7.5%

Uninsured

415/100K

Crime Rate

Where is Montana Headed?

GDP Projections ($B)

Scenario1yr5yr10yr25yr50yr
Optimistic$66B$70B$77B$99B$150B
Baseline$66B$69B$74B$89B$124B
Pessimistic$65B$67B$70B$79B$96B

Political Landscape

D
R

R+11

Data timestamp: 2025-Q1 Β· Sources: U.S. Census Bureau, BEA, EIA, FBI UCR