Although housing prices are on the rise, Montana is still pretty affordable, which makes it a great place to settle down.
Is Montana a cheap place to live?
According to MERIC data in the third quarter of 2021, Montana ranks 30th when it comes to cost of living. That means Montana is more expensive to live in than half of the country. If you have your heart set on living in the Rocky Mountain region, Wyoming is a much more affordable option, ranked 18th on the same list.
Where in Montana is the cheapest to live?
The cheapest places to live in Montana are in Colstrip and Wolf Point. These are two of the eight towns in Montana that offer low gasoline, grocery, and housing prices.
Is housing cheap in Montana?
The median home price is $115,000, and the average rent is $560. Located in north-central Montana, Conrad’s cost of living is about 12 percent lower than the U.S. average. One of the most affordable places to live in Montana, a home here will cost around $120,000, while the median rent is roughly $700.
What is the average cost of living in Montana?
Our cost of living indices are based on a US average of 100. An amount below 100 means Montana is cheaper than the US average.
Montana cost of living is 94.0.
| COST OF LIVING | Montana | United States |
|---|---|---|
| Health | 100.2 | 100 |
| Housing | 100.4 | 100 |
| Median Home Cost | $353,700 | $291,700 |
| Utilities | 90.7 | 100 |
What is low income in Montana?
$1,506. $1,570. Annual Income Needed to Afford. Montana. Billings HMFA.
What is the average rent in Montana?
Montana Rent Trends
| Average Rent | Mar / 2022 | Jul / 2022 |
|---|---|---|
| Montana | $1,384 | $1,461 |
| National | $1,634 | $1,706 |
What is a good salary in Montana?
Recommended Salary in Montana
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $75,894 | $6,324 |
| 75th Percentile | $59,840 | $4,986 |
| Average | $54,510 | $4,542 |
| 25th Percentile | $36,001 | $3,000 |
Is property expensive in Montana?
The high cost of living in Montana comes down to the booming local property market. According to Patrick Barkey, the Director of the Montana Bureau of Business and Economic Research, housing prices have more than doubled since the year 2000 across five Montana counties.
How much do you need to make to live comfortably in Montana?
What is a good salary in Montana? The recommended salary in Bozeman, Montana is $5,834 per month or $70,008 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment which sits at $1,750.
Is it cheaper to live in Colorado or Montana?
Not only this, but Montana also has lower net taxes, owing to the lack of a state sales tax, which affects everything you buy, including cars, houses, and food, but also because the general cost of living is 19 percent cheaper compared to Colorado and housing costs are 40 percent lower than Colorado.
How are the winters in Montana?
Winter in Montana
The winter season can feel quite cold and long. Snow and wind storms happen regularly and blizzards dump many inches of snow, which can cause road, trail, and mountain pass closures for multiple days. January is the coldest, snowiest, and iciest month of the year across the state.
What is the cheapest place to live in the US?
Most Affordable Places to Live in the U.S. in 2022-2023
- Hickory, NC.
- Green Bay, WI.
- Quad Cities, IA-IL (Davenport-Bettendorf, IA & Moline-Rock Island, IL)
- Fort Wayne, IN.
- Pittsburgh, PA.
- Beaumont, TX.
Are groceries expensive in Montana?
Montana is also an expensive state for groceries. Shopping for food there costs 4.6% more than the nationwide average.
What is the most common job in Montana?
What Are the Most Popular Jobs in Montana?
- Office and Administrative Support Occupations with 67,620 employed.
- Sales and Related Occupations 49,960 employed.
- Food Preparation and Serving Related Occupation 46,030 employed.
- Healthcare Practitioners and Technical Occupations 29,340 employed.
Is rent expensive in Montana?
According to the US Census Bureau, the median home price in Montana in 2019 dollars was $230,000. And the median rent was listed at $810 per month. Compared to other places in the United States, housing and rent costs are notedly lower. However, the housing price in Montana is higher than the United States average.
What is middle class in Montana?
An curved arrow pointing right. The middle class is usually defined as the group of earners in the center of the earning scale.
How much you have to earn to be middle class in every state.
| State | Middle-class income | Median household income |
|---|---|---|
| Rhode Island | $62,691 | $71,169 |
| Arizona | $61,699 | $62,055 |
| Delaware | $60,015 | $70,176 |
| Montana | $59,496 | $57,153 |
What is the income limit for food stamps in Montana?
Financial Criteria
| People in Household | Gross Monthly Income Standard | Net Monthly Income Standard |
|---|---|---|
| 1 | $2,148 | $1,074 |
| 2 | $2,904 | $1,452 |
| 3 | $3,660 | $1,830 |
| 4 | $4,418 | $2,209 |
How do you qualify for low income housing in Montana?
The U.S. Department of Housing and Urban Development subsidizes the balance of the rent. Households whose gross incomes do not exceed 80% of the area median income may qualify for this program. Working families, elderly (62 or over) and the disabled receive preference.
How much is food in Montana?
Montana Food Costs
In Montana, a single adult spends an average of $3,178 on food annually, and a family of four spends $9,179 on average. For context, the nationwide average annual food expenditure is $3,240 for a single adult and $9,354 for a family of four.
Is it cheaper to live in Texas or Montana?
Texas is 0.4% more expensive than Montana.