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.
What’s the cheapest city in Montana to live in?
Cheapest Places in Montana Guide
- Colstrip. First on the list is Colstrip, which is also famous for being among the safest and best places to live in Montana.
- Wolf Point.
- Billings.
- Bozeman.
- Scobey.
- Chinook.
- Kalispell.
- Helena.
Does Montana have a low cost of living?
Although housing prices are on the rise, Montana is still pretty affordable, which makes it a great place to settle down.
Is living in Montana expensive?
Montana is generally average in cost, or maybe a little more expensive than average when it comes expenses, and lower in wages than average in the United States. USAToday ranked Montana as one of the ten worst states to make a living because of low wages and above average cost of living.
Is it worth moving to Montana?
From the jagged Rocky Mountains to the expansive Great Plains, the state’s 147,000 square miles of sprawling terrain is home to some of the most beautiful wildlife in the country. It’s also home to a number of unique cities and towns filled with friendly residents, affordable neighborhoods and plenty of jobs.
How much money do you need to live comfortably in Montana?
Average Cost of Living in Montana: $42,310 per year
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. In terms of monthly expenses, that’s $3,525, on average.
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 |
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 the average cost of a home 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.
Are homes expensive in Montana?
Final Verdict: Why is Montana so Expensive? Due to increased demand and reduced supply, the housing market in Montana is experiencing a significant boom. These high prices trickle down into the rest of the economy, resulting in a higher cost of living than the national average.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
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 state is the least expensive to live in?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
What are the dangers of living in Montana?
Here Are The 8 Biggest Risks Living In The State of Montana
- A potential Yellowstone eruption. Jeff Gunn / Flickr.
- Colliding with a deer, elk, or moose while driving.
- Outdoor accidents.
- Snow drama.
- Feeling claustrophobic in crowds.
- Grizzlies.
- A disdain for California.
- The inability to be happy living anywhere else.
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.
What should I know before moving to Montana?
15 Things to Know Before Moving to Montana
- You’ll want to get out into nature.
- Public universities are a good option here.
- Population density is low.
- Skiing, snowboarding, hunting and fishing are big.
- Winters are freezing.
- Montana is politically divided.
- Ranching is alive and well.
What is rent like in Montana?
Although two-thirds of Montana’s residents are homeowners, rentals in the state offer some premium deals. A 2019 report from Apartment List shows the median studio rent in the state is $554. That comes out to $277 less than the national mark.
Is Montana a high tax state?
Montana Tax Rates, Collections, and Burdens
Montana has a 6.75 percent corporate income tax rate. Montana does not have a state sales tax and does not levy local sales taxes. Montana’s tax system ranks 5th overall on our 2022 State Business Tax Climate Index.
Is it cheaper to live in Texas or Montana?
Texas is 0.4% more expensive than Montana.
Is there a lot of work in Montana?
Montana’s labor force participation is relatively high. Nearly 80 percent of prime-age workers in Bozeman, Billings, Missoula and Helena are employed. Each of these areas ranks in the top 10 percent of metro- or micro-areas. As such, Montana’s ability to grow a workforce through greater participation is limited.
What is Montana like in winter?
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.