Average Rent Costs
| City | Average 1 Bedroom Rent | Average 2 Bedroom Rent |
|---|---|---|
| Great Falls | $695 | $995 |
| Billings | $800 | $1,095 |
| Missoula | $1,073 | $1,375 |
| Bozeman | $1,788 | $2,150 |
What is the average cost of rent 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.
How much does it cost to live in Montana for a month?
Average Annual Per-Capita Cost in Montana
In terms of monthly expenses, that’s $3,525, on average.
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 state has lowest monthly rent?
Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.
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 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 cheapest place 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.
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 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 it expensive to move to Montana?
Living in Montana is rather affordable in comparison with other states. Despite the fact that the cost-of-living index is 2.8% higher than the average national index, in most cases, it is cheaper to live in this state than around the rest of the US.
Is it cheaper to live in Texas or Montana?
Texas is 0.4% more expensive than Montana.
Where can I live for $500 a month in USA?
Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:
- Greenville, OH. Listing: Wayne Crossing.
- Wichita, KS. Listing: Eagle Creek.
- Lawton, OK. Listing: Sheridan Square Apartments.
- Amarillo, TX.
- Indianapolis, IN.
- Searcy, AR.
- Shreveport, LA.
- Jackson, MS.
What is the most expensive state to rent?
Hawaii has the highest average rent in the United States at $2,399 a month. The asking rent for a typical unit in Hawaii is even higher, with vacant units asking $2,850 for new renters. Average rents in Honolulu cost an average of $2,528.
What month is rent the cheapest?
The lowest rental rates are found during the winter months—October through April—with demand and prices reaching their nadir between January and March. An apartment search should begin in the middle of the month prior to the target move month.
Is it cheaper to live in Montana or Colorado?
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.
Is it cheaper to live in Montana or Arizona?
Arizona is 7.8% more expensive than Montana.
Is Montana a good state to live?
Montana Is Full of Great Places to Live
Although far down the list of most populous states, Montana has two cities ranked among Livability’s 2018 Top 100 Best Places to Live. The college towns of Bozeman, home of Montana State University, is ranked No. 96; and Missoula, home to the University of Montana is ranked 59.
What is minimum wage in Montana?
$9.20 an hour
HELENA — On Jan. 1, 2022, Montana’s minimum wage will make its biggest increase in years: rising 45 cents, from $8.75 to $9.20 an hour. That’s the most it’s grown in a single step since 2007.
What is middle class in Montana?
The common approach is to categorize the middle class as the group of earners at the center of the earnings scale, or the median.
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 |