local outlook - bureau of business and economic research · 2019-03-15 · hamilton area : 43,463....

Local Outlook: By Paul E. PolzinDirector Emeritus Bureau of Business and Economic ResearchUniversity of Montana

Population

2017

Great Falls Area 81,654

Kalispell-Whitefish-Big Fork 100,000

Bozeman-Big Sky 107,810

Helena Area 67,773

Missoula Area 117,441

Hamilton Area 43,463Butte Area 34,602Billings Area 158,980

Source: U.S. Bureau of the Census

Per Capita Income

2017Income Percent

of MT

Great Falls Area $46,000 101.4

Kalispell-Whitefish-Big Fork $45,800 100.9

Bozeman-Big Sky $51,800 114.1

Helena Area $47,300 104.2

Missoula Area $46,800 103.1

Hamilton Area $42,100 92.8

Butte Area $47,900 105.5

Billings Area $50,000 110.2

Source: U.S. Bureau of Economic Analysis

0.8

0.9

1

1.1

1.2

1.3

1.4

1.5

1.6

'11

Q4

'12

Q1

Q2

Q3

Q4

'13

Q1

Q2

Q3

Q4

'14

Q1

Q2

Q3

Q4

'15

Q1

Q2

Q3

Q4

16 Q

1

Q

2

Q

3

Q

417

Q1

Q2

Q3

Q4

18 Q

1

Q

2

Index, 2011 Q4=1.00

Inflation Adjusted Wages and Salaries, 2011 Q4 to 2018Q2

Bozeman Area

Great Falls Area

Source: U.S. Bureau of Labor Statistics

0.95

1.05

1.15

1.25

1.35

1.45

'11

Q4

'12

Q1

Q2

Q3

Q4

'13

Q1

Q2

Q3

Q4

'14

Q1

Q2

Q3

Q4

'15

Q1

Q2

Q3

Q4

16 Q

1

Q

2

Q

3

Q

417

Q1

Q2

Q3

Q4

18 Q

1

Q

2

Index, 2011 Q4=1.00

Inflation Adjusted Wages and Salaries, 2011 Q4 to 2018 Q2

Kalispell Whitefish

Bozeman-Big Sky

Montana

0.95

1

1.05

1.1

1.15

1.2

1.25

1.3

'11

Q4

'12

Q1

Q2

Q3

Q4

'13

Q1

Q2

Q3

Q4

'14

Q1

Q2

Q3

Q4

'15

Q1

Q2

Q3

Q4

16Q

1

Q

2

Q

3

Q

417

Q1

Q2

Q3

Q4

18 Q

1

Q

2

Index, 2011 Q4=1.00


Billings Area

Hamilton AreaMontana

Missoula Area

0.95

1

1.05

1.1

1.15

1.2

1.25

1.3

'11

Q4

'12

Q1

Q2

Q3

Q4

'13

Q1

Q2

Q3

Q4

'14

Q1

Q2

Q3

Q4

'15

Q1

Q2

Q3

Q4

16 Q

1

Q

2

Q

3

Q

417

Q1

Q2

Q3

Q4

18 Q

1

Q

2

Index, 2011 Q4=1.00


Montana

Great Falls Area

Helena AreaButte-Area

Local Outlook: Helena AreaBy Paul E. PolzinDirector Emeritus Bureau of Business and Economic ResearchUniversity of Montana

Helena AreaEconomic Base

Ag. And Mining 3%Transportation and Information 2%Manufacturing 4%Education, Other 5%Trade Center – Insurance 7%Trade Center – Prof. and Tech. 6%Federal Government 19%State Government 54%

$64 mil ‘12-’17 Total Change

$26 mil$14 mil $20 mil $10 mil

$5 mil

Major Contributors to ‘15-’17 Income GrowthHelena Area

Rank Name Thous of $ Percent of Total1 Health Care 34,500 28.12 Construction 15,500 12.63 State Gov't 14,200 11.64 Finance and Insurance 13,700 11.25 Other Services 10,600 8.7

3.1

0.6

2.11.5

2.0 2.1 2.1 2.2

-2-10123456

15 16 17 18 19 20 21 22

Actual ProjectedPercent

Actual and Projected Changein Nonfarm Earnings, Helena Area, 2015-2022

Source: IHS Global Insight and BBER

1.8

3.34.1

2.12.7 2.3

1.0

2.1

0.9

0

1

2

3

4

5

Projected Annual Percent Change in Nonfarm Earnings (in Constant Dollars) 2019-2022

Source: IHS Global Insight and BBER

Percent Change

Inflation Adjusted Nonfarm Earnings, 1999 to 2017

-3

-1

1

3

5

7

9

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

Helena Area

Montana

Selected Housing CharacteristicsBy Paul E. PolzinDirector Emeritus Bureau of Business and Economic ResearchUniversity of Montana

73.068.0 68.0 68.0 72.0

78.0

63.0

2030405060708090

100

Montana Billings Bozeman Great Falls Helena Kalispell Missoula

Single Family Units as Percent of All Occupied Housing Units, 2017

Source: U.S. Bureau of the Census, ACS

51.0 51.0

64.0

51.0 51.060.0 60.0

2030405060708090

100


Occupied in 2010 or Later, as Percent of All Occupied Housing Units, 2017


21.0 21.0

36.0

14.019.0

29.024.0

05

10152025303540


Housing Units Built in 2000Or Later, as Percent of All Occupied Housing Units, 2017


6.1 5.7

1.3

7.3

5.5

7.4

3.8

012345678


Rental Vacancy RateIn Percent, 2017


Thank You

local outlook - bureau of business and economic research · 2019-03-15 · hamilton area : 43,463....

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