Commentary: Wage growth and purchasing power: Which states lead the way?

Commentary: Wage growth and purchasing power: Which states lead the way?

Newly released data shows that two out of the top three states for average hourly wage growth in the nation are in our region. This is good news for consumers when considering regional purchasing power. Montana came in with the second-highest increase in the country, just behind Kentucky. In 2024, the Treasure State had an average wage of $27.96, and in 2025, that number rose to $29.27. Its top private sector industries include health care, reta…