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Wages up, housing still out of reach, says Montana labor report

October 7, 2024/

A 2024 report on labor in Montana said the economy is continuing to expand, unemployment remains low, and wage growth is increasing and has outpaced inflation.

“Montana ranks 2nd in the nation for fastest wage growth since 2020,” said the report.

It said the average wage earned by Montana workers hit $57,230 in 2023, growing by 5% in one year.

But Montanans earning median wages still can’t buy median-priced homes, and housing affordability isn’t expected to improve in short order.

 

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