The MISSOULA ECONOMY

Missoula is the regional hub for commerce and services in Western Montana, with 80 percent of workers employed in white-collar positions such as professional services, health care, business, management, financial operations and sales. Like nearly all of the United States, Missoula was hit hard by the 2008 recession. Since then, the local economy has stabilized, with the Montana Bureau of Business and Economic Research showing modest growth in the county during 2012. Read the report here. Moreover, even accounting for the long recession, Montana was one of only six states to show better than 8 percent average annual job growth over a 10-year period ending in 2011. Find the U.S. Chamber report here.

The net result is that Missoula offers excellent, relatively stable professional opportunities for workers while providing employers with affordable talent.

Here you will find high-quality legal expertise (including highest-rated lawyers specializing in public finance, corporate and securities law; transactional work; and mergers and acquisitions), accounting and tax planning, finance and banking, and health care. From a foundation built by Providence St. Patrick Hospital and Community Medical Center, Missoula offers the full range of primary and ancillary medical services — in addition to a growing business cluster of bioscience / medical research, manufacturing and related support services.

For workers in Missoula County, median household income 2008-2012 was $44,653, compared to a national median of $51,371. The Missoula unemployment rate has consistently held lower than the national rate over the past decade, with 5.2 percent of Missoula residents unemployed in October 2013 (the national rate that month was 7 percent).

Educational, health and social services are Missoula’s top employment sectors at 27 percent. Manufacturing, wholesale trade and construction make up approximately 13 percent of employment.

Average Annual Employment, 2011

Occupation Employed
number 
Employed /
1,000 jobs 
Hourly
Mean Wage 
Annual
Mean Wage 
All 53,910 1,000 $17.79 $37,010
Selected occupational categories 
Management 1,940 36.07 $37.99 $79,030
Legal (all)   550   10.17   $34.63   $72,030
Lawyers   290  5.32   $48.66   $101,210
Business/Financial Ops   1,990   36.92   $26.56   $55,240
Computer/Mathematic  920  17.01   $27.86  $57,940
Architect/Engineering  630  11.67   $28.29   $58,850
Life/Physical/Social Science  1,180  21.91   $24.75   $51,480
Community/Social Service 1,210 22.36 $16.57  $34,460
Secondary Teachers  240 4.44 na $49,470
Elementary Teachers 540 10.05 na $48,420
Other Teachers/Instructors 270 4.98 na $22,640
Art/Entertainmt/Sport/Media  1,070 19.91 $16.79 $34,930
Health Care Practioners 3,920 72.65  $28.17 $58,590
Health Care Support 1,380 25.52 $12.17 $25,310
Protective Srvs (police, fire)  1,090 20.29 $19.59 $40,740
Food Services 5,780 107.21 $9.31 $19,370
Grnd/Bldg. Maintenance 2,310 42.92 $10.73 $22,330
Personal Care/Services 1,940 35.92 $10.61 $22,070
Sales 6,470 120.06 $15.05 $31,310
Office/Admin Support 9,620 178.40 $14.23 $29,590
Fishing/Farming/Forestry na na $14.74 $30,650
Construction/Extraction 2,220 41.14 $19.22 $39,970
Install/Maintenance/Repair  2,000 37.01 $19.06 $39,650
Production (factory, food) 1,320 24.49 $14.23 $29,600
Transportation 2,610 48.41 $16.18 $33,650

(U.S. Bureau of Labor Statistics, numbers may not include self-employed.)

 

Family Income, 2011

Missoula
city
Missoula
County
Median family income $58,240 $58,883
Mean family income $73,208 $71,152
TOTAL number of households 28,743 45,680
% Family households  53.1% 61.2%
Family households with income
Less than $10,000  4.1%   3.8%
$10,000 to $14,999 5.3% 5.1%
$15,000 to $24,999 8.2%  8.2%
$25,000 to $34,999 14.7%  12.3%
$35,000 to $49,999 12.5% 14.5%
$50,000 to $74,999 18.5% 20.9%
$75,000 to $99,999 12.7% 13.1%
$100,000 to $149,999 13.5% 14.1%
$150,000 to $199,999 6.3% 5.3%
$200,000 or more  4.2% 2.8%

(U.S. Census Bureau, American Community Survey 2011 estimates, Missoula.)

 

Missoula Economic Partnership | 2501 Catlin Street Suite 205 Missoula, Montana 59801 | P: 406.541.6461 | F: 406.541.6464