NAICS 72

Accommodation and Food Services in Montana: 2026 Market Risk Report

Entry risk 46.1 (Elevated), ranked #39 of 51 states. 3,964 establishments, 60,313 jobs.

Entry Risk Assessment

Entry Risk Score 46.1
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

ⓘ Lower is better. Relative to national accommodation and food services average.

📈Growth Opportunity

Montana ranks top 15 in growth momentum while maintaining relatively low market saturation (bottom 5). This combination signals an underpenetrated market with expanding demand.

5-Year Firm Retention
56.9%
Percentile within industry
Rank #23 of 51 states
Growth Momentum
↑ 59.0
Scale of 0-100
Rank #11 of 51 states
Establishment Density
75.5
vs. national average
Rank #50 of 51 states
Market Volatility
1.0
Lower is more stable
Wage Pressure Index
64.0
Labor cost pressure

3,964 Establishments in Montana

3,964
Establishments
-4.6% YoY
60,313
Total Employment
+0.5% YoY
$28,510
Average Annual Wage
+5.2% YoY

Montana vs National Accommodation and Food Services Average

How Montana's accommodation and food services market compares to the national average across all 51 states.

Metric MT National Difference
Entry Risk Score 46.1 40.0 +6.1
5-Year Retention 56.9% 51.0% +5.9
Growth Momentum 59.0 41.1 +17.9
Market Volatility 1.0 23.9 -22.9
Establishment Density 75.5 27.0 +48.5
Wage Pressure 64.0 33.4 +30.6

Green = favorable vs national average. Red = less favorable. Metrics are relative within accommodation and food services only.

Montana Ranks #39 of 51 for Accommodation and Food Services

Montana ranks #39 out of 51 states for accommodation and food services market entry conditions.

Accommodation and Food Services Entry Risk by State

Rank State Risk Score Classification
#1 Delaware 19.8 low
#2 North Carolina 23.4 low
#3 New Mexico 24.5 low
#4 Idaho 26.2 low
#5 Wisconsin 28.2 low
#39 Montana You 46.1 elevated
Entry Risk by State Alaska — 31.6 · #14 Alabama — 44.1 · #37 Arkansas — 36.9 · #26 Arizona — 46.9 · #40 California — 57.2 · #47 Colorado — 46.9 · #41 Connecticut — 37.3 · #27 District of Columbia — 81.4 · #51 Delaware — 19.8 · #1 Florida — 53.6 · #44 Georgia — 43.6 · #35 Hawaii — 66.1 · #50 Iowa — 39.0 · #29 Idaho — 26.2 · #4 Illinois — 39.5 · #30 Indiana — 37.9 · #28 Kansas — 34.2 · #18 Kentucky — 36.9 · #25 Louisiana — 43.8 · #36 Massachusetts — 28.4 · #7 Maryland — 31.7 · #15 Maine — 55.0 · #46 Michigan — 29.2 · #10 Minnesota — 34.9 · #19 Missouri — 47.2 · #42 Mississippi — 35.6 · #21 Montana — 46.1 · #39 North Carolina — 23.4 · #2 North Dakota — 29.5 · #12 Nebraska — 41.5 · #31 New Hampshire — 28.8 · #8 New Jersey — 43.3 · #34 New Mexico — 24.5 · #3 Nevada — 64.0 · #49 New York — 58.6 · #48 Ohio — 29.3 · #11 Oklahoma — 35.0 · #20 Oregon — 42.8 · #32 Pennsylvania — 36.8 · #24 Rhode Island — 28.3 · #6 South Carolina — 29.2 · #9 South Dakota — 36.7 · #23 Tennessee — 29.5 · #13 Texas — 46.0 · #38 Utah — 36.5 · #22 Virginia — 33.6 · #16 Vermont — 51.0 · #43 Washington — 42.9 · #33 Wisconsin — 28.2 · #5 West Virginia — 33.7 · #17 Wyoming — 55.0 · #45
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Montana stack up against other states for accommodation and food services?

Select a state above to see the comparison

Accommodation and Food Services in Neighboring States

How Montana's accommodation and food services market compares to bordering states.

Idaho 26.2 #4/51 North Dakota 29.5 #12/51 South Dakota 36.7 #23/51 Wyoming 55.0 #45/51

Other Industries in Montana

Construction → Healthcare and Social Assistance → Retail Trade → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →