Montana's population growth rate is in decline, reflecting a steep decrease from previous years, with only 5,931 new residents added from July 2023 to July 2024.
The state’s 2024 growth rate of 0.52% ranked 37th among U.S. states and was markedly lower than the national growth rate of 1% for the same period.
According to Jeffrey Michael, Montana’s year-over-year growth rate is the lowest since 2002, indicating diminishing growth in contrast to national trends.
Housing scarcity and rising costs in rapidly growing areas, such as Bozeman, are significant factors contributing to slow growth in Montana's population.
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