The recommended salary in Bozeman, Montana is $5,834 per month or $70,008 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment which sits at $1,750.
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.
How much is housing 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 decent living salary?
This popular general budgeting rule allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings. The median necessary living wage across the entire US is $67,690.
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 cheaper to live in Montana or Arizona?
Arizona is 1.4% more expensive than Montana.
Is living in Montana expensive?
The cost of living is about 6 percent higher in Kalispell, Montana than in the rest of United States. Food is ranked at 109.6, healthcare is ranked 108, and housing is ranked at 113. Transportation and miscellaneous expenses are both average when compared to the cost of living in the rest of the United States.
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 3.8% cheaper than Montana.
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.
What is the cheapest place to live in Montana?
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.
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 should my salary be at 30?
What was the average and median income by age in 2021?
| Age | 25% | Median |
|---|---|---|
| 29 | $24,615.00 | $41,085.00 |
| 30 | $25,000.00 | $40,560.00 |
| 31 | $28,000.00 | $45,000.00 |
| 32 | $26,001.00 | $45,330.00 |
How much does the average 27 year old make?
$48,376.91
What is the average income by age in the United States?
| Age | Average Income |
|---|---|
| 27 | $48,376.91 |
| 28 | $47,399.65 |
| 29 | $51,638.49 |
| 30 | $52,706.53 |
How much does the average 25 year old make?
Average Salary for Ages 25-34
For Americans ages 25 to 34, the median salary is $960 per week, or $49,920 per year. That’s a big jump from the median salary for 20- to 24-year-olds.
What is low income in Montana?
$1,506. $1,570. Annual Income Needed to Afford. Montana. Billings HMFA.
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.
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.
Is it cheaper to live in Wyoming or Arizona?
Arizona is 16.7% more expensive than Wyoming.
Is Montana more expensive than Arizona?
Montana is 11.8% more expensive than Arizona.
