Montana’s Personal Income Growth Continues to Soar, Calculated Among Best in the Nation
Montana Governor Steve Bullock announced today that personal income growth soared in the Treasure State, particularly in the last quarter of 2014 and the first quarter of 2015.
According to the Bureau of Economic Analysis, data shows Montanans' personal income grew faster than all but four states nationally, and faster than all surrounding states during this time period.
"With strong income and job growth, Montana workers are on the job and have more money in their pockets," Bullock said. "These numbers show that our state is an economic leader for the nation. Montana's economy continues to thrive by creating new, higher paying jobs for Montana's hard working residents all across the state."
Bullock said in the first quarter of the calendar year of 2015, Montana's growth was among the fastest in the nation, experiencing income growth of 1.2 percent.
"Training and educating tomorrow's workforce, creating a climate that attracts, retains and grows businesses, building upon our strong economic foundation, marketing Montana, and nurturing emerging industries and encouraging innovation are paying dividends for Montanans and our economy," Bullock said.
This growth has Montana outpacing neighboring states North Dakota (43rd overall, 0.4 percent), South Dakota (49th overall, -0.8 percent), Wyoming (45th overall, 0.4 percent), and Idaho (47th overall, -0.1 percent).
The full BEA report can be found here.