How Much Money Do You Need To Make To Live In Montana?

Recommended Salary in Montana The living wage in Montana is $13.94 per hour, which is the basic wage needed to pay for essentials such as housing, food, and necessities for an individual adult. The average salary index in Montana is $59,000 per year, roughly $17.72 per hour.

What is a livable salary in Montana?

Living Wage Calculation for Missoula County, Montana

1 ADULT
0 Children 2 Children
Living Wage $16.70 $42.17
Poverty Wage $6.19 $10.56
Minimum Wage $9.20 $9.20

How much does the average person make in Montana?

Average annual pay of employees in Montana 2001-2020
In 2020, the average annual pay of employees in Montana totaled to 48,427 U.S. dollars. This is an increase from 2001 levels, when this value stood at 25,195 U.S. dollars.

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What is the average cost of rent 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.

Is Montana cheap to live in?

Average Cost of Living in Montana: $42,310 per year
Take a good look at your monthly budget if you’re planning a move to Montana. 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.

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 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.

Is it cheaper to live in Texas or Montana?

Texas is 3.8% cheaper than Montana.

What is middle class in Montana?

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.

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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

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 1.4% more expensive than Montana.

What is the cheapest place to live in Montana?

Here Are The 9 Cheapest Yet Great Places To Live In Montana

  • Scobey. Scobey, MT 59263, USA.
  • Townsend. Townsend, MT 59644, USA.
  • Deer Lodge. Deer Lodge, MT 59722, USA.
  • Conrad. Conrad, MT 59425, USA.
  • Miles City. Miles City, MT 59301, USA.
  • Livingston. Livingston, MT 59047, USA.
  • Havre. Havre, MT 59501, USA. Jasperdo / Flickr.
  • Lewistown.

What is low income in Montana?

$1,506. $1,570. Annual Income Needed to Afford. Montana. Billings HMFA.

What is the cheapest state to live in?

Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.

What state has the 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.

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What are the pros and cons of living in Montana?

Here’s my top 10 list of moving to Montana pros and cons:

  • An amazing outdoor setting.
  • Limited effects of urbanization.
  • Reasonable cost of living.
  • Plenty of jobs and education options.
  • Interesting residents.
  • Extreme and diverse weather.
  • Lacking in urban amenities.
  • Too many tourists.

Why are Californians moving to Montana?

People are fleeing urban areas for more space in the wake of the pandemic. According to a report from the California Policy Lab, a research group from the University of California, more San Franciscans moved to Montana than to any other state during the pandemic.

Is it cheaper to live in Idaho or Montana?

The cost of living in Idaho is only 3.7% higher than in Montana—so these two states are pretty much on par with each other in terms of living expenses. The only area where you’ll notice a significant difference is housing, which costs about 14% more in Idaho.

What jobs are needed 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 most popular job in Montana?

Yes Survey Researchers of all sorts make up a lot of jobs in Montana. With a 21.2 on the scale of local popularity Survey Researchers land the number one spot.

What is the highest paying job in Montana?

Emergency Department Registered Nurse
Detailed List Of Highest Paying Jobs In Montana

Rank Job Title Average Salary
1 Emergency Department Registered Nurse $76,679
2 Intensive Care Unit Nurse $75,746
3 Registered Nurse Med/surg $74,585
4 Registered Nurse Prn $69,077