Montana Cost of Living Calculator
Compare Montana cost of living (index: 101.6). Calculate equivalent salary needed when moving to or from Montana.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Montana's cost of living index is 101.6 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Montana cost of living index: 101.6. Montana is close to the national average in overall cost. Median household income: $60,560. Median 2BR rent: $1020/month.
Frequently Asked Questions
What is the cost of living in Montana?
Montana's cost of living index is 101.6, where 100 is the national average. This means living in Montana costs about 2% more than the national average.
Is Montana expensive to live in?
Montana has a moderate cost of living, close to the national average. Median home price: $425,000.
How much do I need to earn in Montana to live comfortably?
Based on a cost of living index of 101.6 and the 50-30-20 budgeting rule, a comfortable salary in Montana would be approximately $41,453/year for a single person renting a 2BR apartment.
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