Good News! The cost of living in Billings, MT is -44.1% lower than in New York, NY. You would have to earn a salary of $33,511 to maintain your current standard of living.
Is Montana expensive to live in?
Average Cost of Living in Montana: $42,310 per year
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.
Are things cheaper in Montana?
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 |
|---|---|---|
| Overall | 94 | 100 |
| Grocery | 99.6 | 100 |
| Health | 100.2 | 100 |
| Housing | 100.4 | 100 |
Is Montana or Texas cheaper?
Texas is 0.4% more expensive than Montana.
Is NY an expensive state to live in?
New York. New York is the second-most expensive state in the United States and home to New York City, the country’s most expensive city. The cost of living index for New York is 148.2. Housing in New York is the second most expensive in the U.S., costing 2.3 times the national 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 |
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.
Is rent expensive in Montana?
The average rental prices are much cheaper than the national average. For example, the average cost of renting a studio apartment in Montana is $566 per month, compared to the U.S. national average of $821 per month.
What is the cheapest city to live in Montana?
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.
Cheapest Places in Montana Guide
- Colstrip.
- Wolf Point.
- Billings.
- Bozeman.
- Scobey.
- Chinook.
- Kalispell.
- Helena.
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 |
Why is Montana cost of living so high?
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.
Is it expensive to live in Bozeman MT?
Bozeman, Montana’s cost of living is 12% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
How much do I need to make to live in Bozeman Montana?
So, how much do you need to live comfortably here in Bozeman? A whole lot of folks had a whole lot to say regarding the topic. Someone suggested that if you want to live comfortably here in Bozeman, you need a minimum of 120 thousand combined per year for a family of four.
Is it worth moving to New York?
Depending on your lifestyle preferences and budgetary limitations (or lack thereof), you may find that it’s still worth it to live in a city with a higher cost of living. Some reasons: Better job opportunities, broader range of public and private schools or easier public transportation systems.
What state has highest cost of living?
The average home price in Manhattan — $2.2 million based on 2020 figures — is easily the nation’s highest, and more than ten times the price in Brownsville, Texas.
What are the main jobs 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 is the minimum wage in Montana?
Montana Minimum Wage for 2021, 2022. Montana’s state minimum wage rate is $9.20 per hour. This is greater than the Federal Minimum Wage of $7.25. You are entitled to be paid the higher state minimum wage.
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.
Which state has the cheapest food?
The most notable exception is New Hampshire, which, despite being an East Coast state, actually has the lowest food costs in the nation.
Where is the cheapest rent in the United States?
Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.
What is the cheapest major city to live in?
Most Affordable Major Cities in the U.S.
- Salt Lake City, Utah. Cost of living: 6% below U.S. average Median home price: $320,281.
- South Bend, Indiana. Cost of living: 8% below U.S. average Median home price: $314,035.
- Richmond, Virginia.
- Boise, Idaho.
- Birmingham, Alabama.
- Lawton, Oklahoma.
- Montgomery, Alabama.
- Des Moines, Iowa.