Cost Of Living In Montana

Cost Of Living In Montana

August 19, 2022 Off By Altaf

If you plan to move to Montana and look for the cost of living in Montana, you are at the right place. Montana is a place that is well known for its beautiful landscapes and for being the home of many minerals. It has gold, silver, and oil deposits and so its nicknamed as Treasure State. Let us see the cost of living in Montana is different cities here.

Cost Of Living In Montana,

The Cost Of Living In Montana will depend on which city or place you live in Montana.

Below is a table where the cost of living in the US is 100 will give an idea about the average cost of living in Montana. You can consider that above 100 is more expensive than the US

Cost Of Living ForMontanaUSA
Housing100.4100
Grocery99.6100
Transportation75.2100
Utilities90.7100
Transportation75.2100
Health100.2100
Miscellaneous98100
Median Home Cost$352,700$291,700
OverAll94100

Note: This info is according to 2019 and this may have changed a bit as house costs get updated frequently.

Home Rent For 

Paying House rent will be the most you spend when you calculate the Cost Of Living In Montana. You must keep this in mind when you are searching for a home for yourself. Below I have mentioned an Average rent of 1 and 2 Bedroom flats of 5 different cities in Montana including cost of living in Billings Montana

CityApprox 1 Bedroom RentApprox 2 Bedroom Rent
Bozeman$1700$2000
Missoula$1000$1400
Billings$800$1100
Great Falls$750$1000
Butte-Silver Bow$700$900

Food Cost 

On average, the cost of food spent in Montana is near about $320 every month per person. So if your family is 4 members family let’s assume 2 adults and 2 kids then near about $1000 will be your food expense. Let us see the approx cost of 2 person’s meal in a restaurant in 5 different places

CityApprox Dinner For 2
Bozeman$80
Missoula$60
Billings$50
Great Falls$65
Butte-Silver Bow$45

Travel Cost 

There is a good facility of public transport in Montana like Buses, Vans, Trains, and Plans but in some area, you should have your own vehicle. On average, the transport cost may be from $3500 to $5000 per person. Again it may depend on the traveling distance from the place you live and your workplace. 

Other Expenses 

There are many other expenses that should be considered while calculating the cost of living in Montana.  Here are a few expenses

Health Care

Where ever you live having proper health insurance is important. For an average family of 4 with 2 adults and 2 kids, the insurance cost will be near about $6,957 whereas a single adult will have to pay proximately $2400.

Utility Bills

Utility bills are another most important and basic requirement in any place you live. The proximate utility bills may vary from $125 to $150. This includes electricity bills, heaters, cooling, water bill, and garbage cost of an average home of a 915 sq ft apartment.

Internet Bills

Internet is very important nowadays and you can’t ignore adding this to the cost of living in Montana. Again this may depend on the speed, and type of internet you are using. The average cost of a 60 MBPS connection or more can be between 458 to $70 per month

Fitness

This is completely an expense that depends on person to person. If you are willing to join a fitness club then it may cost you from $40 to $70 depending on which club you join.

Entertainment

There are about 55 national parks and places to visit here in Montana and you may pay a visit to them once in a while. Here in Montana, you have an option of paying $9 extra with your yearly vehicle registration fee to visit the parks for free. Else the fee is $8 as the visit charge of each vehicle.

Taxes

When you are residing here in Montana you have to pay the tax that is 6.9% but the good news is that there is no sales tax or property tax to be paid in Montana. 

FAQ

How much money do you need to live comfortably in Montana?

To live comfortably in Montana your income should be near about $2,667 per month or $32,000 per year on average.

Is Montana a good place to live?

Yes, Montana is a good place to live where the local places are charming and flourishing. Plus you have more than 55 national parks to visit.

Is Montana a good place to move to?

Montana is a good place to move where 2 cities have been ranked in the top 100 best places to live by Livability. 

Is it cheaper to live in Montana or Texas?

Living in Texas is 3.8% cheaper than living in Montana

Final Thoughts

The cost of living in Montana should be calculated with the expenses of apartments, grocery, transportation, and much more including the family members. Montana is a place where you can enjoy every season. You will also be close to nature as you have so many beautiful landscapes and national parks to spend your weekends. Also, it will depend on which part of Montana you are going to live vehicle considering the Cost of Living in Montana