Montana vs Wyoming: two economies side by side

Montana and Wyoming share a border. Here are the two economies on the same measures, with the rank of each among 51 states and DC.

Rocky MountainMontana leads on 5, Wyoming on 6 of 11 measures

Indicator	A · MT	B · WY	Ranks
GDP, 2025	$80.9B	$52.5B	48 · 50
Real GDP growth, 2025	+2.0%	+0.13%	24 · 49
Real growth a year since 2015	+2.5%	+0.02%	17 · 51
GDP per person	$70,713	$89,157	43 · 19
Income per person, 2025	$72,066	$91,109	27 · 5
Real income per person (2017 $)	$59,203	$75,501	20 · 2
Price level (US = 100)	94.6	92.7	30 · 36
Housing costs (US = 100)	84.6	71.1	28 · 41
Unemployment, September 2026	3.1%	3.0%	8 · 7
Population	1,144,694	588,753	43 · 51
Population growth a year since 2020	+1.0%	+0.38%	13 · 31

Highlighted: the higher value, or the lower one for prices and unemployment. BEA (GDP, income, price parities), BLS (unemployment).

Fig. 1Real GDP, index 2015 = 100Chained 2017 dollars

MontanaWyoming

Fig. 2Unemployment rateMonthly, seasonally adjusted, since 2015

MontanaWyoming

Industry mix, 2025

Share of each state’s GDP. Sorted by the gap between the two.

Industry	MT	WY	Gap, pp	Larger in
Mining, oil & gas	2.9%	11.6%	8.7	WY
Health care	9.8%	4.5%	5.3	MT
Transportation & warehousing	3.9%	7.7%	3.8	WY
Government	12.4%	15.5%	3.0	WY
Manufacturing	5.0%	7.7%	2.7	WY
Professional services	6.5%	4.2%	2.3	MT
Finance & insurance	6.0%	3.9%	2.2	MT
Wholesale trade	5.7%	3.7%	2.0	MT
Real estate	14.6%	13.0%	1.6	MT
Agriculture	3.1%	1.7%	1.4	MT
Information	3.1%	1.8%	1.3	MT
Retail trade	7.1%	6.1%	1.0	MT
Utilities	1.9%	2.8%	0.9	WY
Administrative & waste services	2.6%	1.9%	0.7	MT
Accommodation & food	4.6%	4.0%	0.6	MT
Other services	2.2%	1.8%	0.4	MT
Arts & recreation	1.3%	1.1%	0.2	MT
Education	0.5%	0.4%	0.2	MT
Management of companies	0.4%	0.5%	0.1	WY
Construction	6.3%	6.3%	0.0