NAICS 44-45

Retail Trade in Helena, MT

Metro Market Score 54.2 (Challenging), ranked #192 of 378 metros. 336 establishments, 4,762 jobs.

Metro Market Assessment

Metro Market Score 54.2
Favorable 0-35
Moderate 35-48
Challenging 48-60
Difficult 60+
Challenging

Lower is better. Relative to national retail trade average.

💰High-Cost Market

Helena stands out for high retail trade labor costs. Wage competitiveness hits 80.2 (above the 70th percentile of metros), and year-over-year wage pressure at 61.7 signals continued increases. Plan for higher payroll if entering this market.

Industry Concentration
36.0
LQ: 1.08
Rank #136 of 378 metros
Wage Competitiveness
80.2
$41,529 avg wage
Growth Trend
57.1
Employment growth index
Rank #163 of 378 metros
Wage Pressure
61.7
YoY wage change index

336 Retail Trade Firms in Helena

336
Establishments
+100.0% YoY
4,762
Total Employment
+0.0% YoY
$41,529
Average Annual Wage
+0.0% YoY
1.08
Location Quotient
Above national avg
Within Montana
#1 of 5
retail trade metros in state
Montana state rank
#34 of 51
for retail trade entry risk
vs State Median
-10.0
better than median (64.3)

Helena vs Montana Statewide

How this metro's retail trade market compares to Montana overall. The state ranks #34/51 for entry risk.

Measure Helena MT Statewide
Overall Score 54.2 Challenging 45.8 Elevated
Score Type Metro Market Score Entry Risk Score
Rank #192 of 378 metros #34 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Helena

Retail Trade in Other Montana Metros

Retail Trade Metros With Similar Conditions

Metros within 5 points of Helena's 54.2 score. Useful when comparing markets with comparable entry profiles.

Retail Trade in States Bordering Montana

State-level entry risk for retail trade in adjacent states. Use this to weigh cross-border options.

Browse Retail Trade in Other States

State-level entry risk reports for retail trade across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Helena's retail trade sector, the wage competitiveness component (80.2) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Data period: 2024. Last updated: April 2026.