Introduction
Are you considering a move to Montana? If so, you’ll want to consider the cost of living in the state. The cost of living in Montana is significantly lower than the national average, making it an attractive destination for those looking for a more affordable lifestyle. In this article, we will explore the cost of living in Montana and compare it to other states.
Comparing the Cost of Living in Montana to Other States
The cost of living in Montana is significantly lower than the national average. According to the Council for Community and Economic Research (C2ER), Montana ranks 48th out of the 50 states and Washington D.C. in terms of overall cost of living. This means that the cost of living in Montana is much lower than the national average. To get a better understanding of how much it costs to live in Montana, let’s take a closer look at the different categories of expenses.
Housing Costs
Housing costs are one of the biggest factors when it comes to the cost of living in any state. In Montana, the average home price is $237,000, which is lower than the national average of $272,000. Renting is also more affordable in Montana than in other states. The average monthly rent for a two-bedroom apartment is around $1025, which is lower than the national average of $1,174.
Transportation Costs
Transportation costs can also add up quickly. Owning a car in Montana is more affordable than most other states. The average cost of a new car is around $26,000, which is lower than the national average of $31,400. Public transportation is also available in many cities and towns in Montana. The average cost of a one-way bus ticket is $1.50.
Grocery and Food Costs
Food and groceries are another important factor when it comes to the cost of living in any state. In Montana, food prices are slightly higher than the national average. The average cost of a gallon of milk is $3.44, compared to the national average of $3.22. Grocery stores are widely available in Montana, with major chains such as Walmart and Safeway offering competitive prices.
Average Utilities Costs
Utilities can also add up quickly when it comes to the cost of living in any state. In Montana, the average monthly electricity bill is around $103, which is lower than the national average of $118. The average monthly natural gas bill is around $56, which is lower than the national average of $73. Water/sewer bills vary depending on where you live in the state, but the average cost is around $35 per month.
Conclusion
In conclusion, the cost of living in Montana is significantly lower than the national average. Housing costs, transportation costs, grocery and food costs, and average utilities costs are all more affordable in Montana than in other states. For those looking for a more affordable lifestyle, Montana is an excellent option.
For more information about the cost of living in Montana, visit the websites of the Montana Department of Commerce or the Council for Community and Economic Research (C2ER).
(Note: Is this article not meeting your expectations? Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)