Vision: We will support development of diverse and viable economic opportunities consistent with the character of our community.
Park County's unemployment rate is at its lowest point since 2006-2007. Montana has a higher rate at 4.0% to Park County's 2.0%. The "unemployment rate" is the percent unemployed out of the labor force (not the total population).
Per capita income, or average income, measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population and is a key indicator of the local standard of living.
Average earnings per job in Park County has remained relatively flat over the last 30 years while per capita income has seen a steady increase since 1990. This is the result of an increase in non-labor income as shown in the chart below perhaps due to growth in new residents and retirees.
Non-labor income includes dividends, interest, rent, and transfer payments.
Services are industry sectors that include transportation & public utilities, wholesale trade, retail trade, finance, insurance, real estate, and other services.
Non-services are industries that include farm, agricultural, forestry, fishing, mining, construction, and manufacturing.
Government includes income from jobs in federal, military, state, and local governments.
Jobs by Industry
The data included below captures employment by industry and is produced by the Bureau of Labor Statistics (BLS) and comes from the Quarterly Census of Employment and Wages (QCEW).
The top three industries in Park County based on number of jobs are accommodation and food, retail trade and health care, demonstrating a reliance on tourism largely due to Yellowstone National Park.
Park County has a rich agricultural history that is an essential part of its economy both from what it produces and conserves.
The data shown in these charts are from the United States Department of Agriculture (USDA) Census of Agriculture. Every five years, the Census of Agriculture collects relevant data including the market value of AG products sold and the average government payments per farm.
This data allows a greater understanding of the underlying economic factors that affect our rural community.
About the Data
The Park County Community Foundation articulated the community vision after hearing thoughts from more than 700 community members including: discussions with nonprofits and other community leaders; a county-wide survey with more than 640 responses; and six focus groups throughout the county. To help the community measure and achieve progress towards the vision, we used insights from more than 70 sources and expert interviews to develop a community dashboard of key metrics.
Data for the Unemployment Rate charts is provided by the Local Area Unemployment Statistics (LAUS).
Data for the Per Capita Income and Income by Source charts are from the Headwaters Economics. Data was compiled from the "Socioeconomic Measures" and "Government Employment" reports.
Data for the Jobs by Industry chart is provided by the Bureau of Labor Statistics (BLS).
Data for the Agricultural charts are provided by the United States Department of Agriculture (USDA).