Not only is it an ideal spot for outdoor enthusiasts to enjoy, but the arts and culture here are outstanding. Any one of these Montana places would be a great place to enjoy life while saving money. 10 Cheapest Places To Live In Montana [2023] - HomeSnacks The homeownership rate in Malta is 77.6%, and thats 14% higher than the average in America. Along with regularly exploring a few of Montana's top historic attractions, you can live comfortably here on the median income of $37,917. There are some amazing historic towns in Montana that you will want to check out. Colstrip, according to the research, has the lowest cost of living in Montana. Population: 2,638Rank Last Year: 3 (Up 1)Home Price To Income Ratio: 2.1x (4th most affordable)Income To Rent Ratio: 79.0x (56th cheapest)More On Wolf Point: Real Estate|Crime Rate. Population: 1,562Rank Last Year: 2 (Down 8)Home Price To Income Ratio: 3.0x (17th most affordable)Income To Rent Ratio: 77.1x (4th cheapest)More On Forsyth: Real Estate. You can experience busy cities and bustling metropolises in Montana, or you can take in small, charming towns amongst nature. While groceries and transportation costs are average, a home only costs $154,100 which ranks as the 17th cheapest in the state. Malta, Montana is the definition of small-town living, and luckily, the small city is highly affordable. According to MIT, the required living wage for a family of four with two working parents in Montana is $89,744 vs the national average for a family of four with two working parents of $89,744. Luckily, there are 15 cities in Montana in particular that check each of those boxes. St. Marys Mission was instrumental in the founding of the state. Wolf Point renters pay an average of $611 per month, and the national average is $784 per month. Owning a home in Wolf Point, Montana is the norm, and 62.3% of residents are homeowners. 105 Clearview Court, Helena, MT. Log Homes - Montana Real Estate - 189 Homes For Sale | Zillow For example, if a median household makes $100,000 and spends $40,000 on housing, it is really less expensive to live there than if the median household earns $50,000 and spends $21,000 on housing. How did we determine that most affordable places in Montana? The cheapest places to live in Montana for 2023 are Colstrip, Wolf Point, and Malta. Like, scoring tickets to Livingstons Roundup Rodeo or catching a powder day in Whitefish. Wolf Point, Glasgow, and Colstrip are the cheapest places to live in Montana. $50. SEARCH; For Sale. Additionally, it has the number 7.0 best home price-to-income ratio in Montana thanks to an average income of $61,613. You want to have furniture that fits the space, is comfortable, and is built to last. Next up on our list of uber-affordable spots in Montana is Malta. Montana, MT Cheap Homes for Sale 449 Homes under $270,000 Available Sort by Tile 40 308 Dakota Ave, Libby, MT 59923 2 Beds 1 Bath 978 Sqft 0.184 ac Lot Size Residential $263,972 USD Alice & Jim Hayes Team Hayes Realtors LLC View Details 38 88 Highwood Drive, Libby, MT 59923 3 Beds 1,356 Sqft 0.275 ac Lot Size Residential $269,000 USD 13 But, thanks to a strong economy, with rock-bottom unemployment numbers and a median income of $75,741, Bakers still super affordable. If youve never paddled Flathead Lake or had a bison burger in Bozeman, then youve not experienced what the good people of Montana already know; they have some of the best, most affordable fun in the country. No, Montana does not have sales tax, and there are only four other states without sales tax. Check them out today! Housing costs are exorbitantly low in Conrad, and you can see why the homeownership rate is so high. Realtor Comments Hunting house, rental house, or fix it up and move in yourself! Editors Note: We updated this article for 2023. Utilities average $131 in Glasgow, but you could spend up to $180 or more depending on energy usage. You can experience temperatures below freezing during the winter in Montana, but 12 degrees Fahrenheit is usually the year low. Eager to find affordable mountain towns in Montana? Youll love the affordability and your kids will love the outdoors. Prime river-side location with hiking, fishing, hot tubbing, ATV riding, snowmobiling, hunting, and more! Situated about 50 miles east of Billings, Hardin ranks as Montanas eighth least expensive place to call home. Houses have a median value of $113,000 in Deer Lodge, and the eponymous county has a 74% homeownership rate. After all, the median property value is only $104,000, and typical monthly ownership costs are $1,600 or less. Listing ID: 25078-00421. Kalispell Sun, 9 Jul 11:00 AM to 1:00 PM. $250,000. The average home value in Roundup is $86,100, the lowest in the state. The place in Montana with the lowest cost of living according to the data is Colstrip. 15 Cheapest Places To Live In Montana - Upgraded Home The median home price in Cut Bank is the fifth-lowest in Montana at $108,100, and the median rent is among the top ten cheapest statewide at $588. The average home value in Montana is $244,900, almost 2.8 times higher than Roundup. Its understandable that the majority of Lewistown inhabitants are homeowners. Somewhat untouched and pretty much out of a storybook, Mammoth Lakes is known for its cross country and Nordic skiing, fly fishing, signature skyline, and high valleys. Theres a city pool, a 9-hole golf course thats open to the public, and a wildlife museum with stunning displays of animals in their natural habitats that could rival any big citys museum. With that logic in mind, we derived several cost of living statistics from the latest Census American Community Survey 2017-2021 for Montana. Libby sits tucked up in northwest Montana, and it's a total gem. It remains a historic ghost town that is fun to check out. Harlowton is the location to go if you want to buy a house in Montana for the lowest price possible. While you may not be able to grab a comforting cabin in Aspen on a budget, the mountain house of your dreams is completely within reach. Anaconda living is cheap, and renters can spend less than $400 each month after paying the median $505 rent.

The county in Montana with the lowest cost of living is Phillips County. Located in the heart of Southern California, Big Bear offers some of the best outdoor activities in the regionfrom fishing and hiking to snowboarding and mountain biking, depending on the time of year. However, its important to make a budget for any income because Montana has a 6.9% income tax rate. Find Cheap Homes for sale in Montana. Luckily, you can find gasoline for $2.24 per gallon right now, so you wont leave a fortune at the pump. Montana Real Estate & MT Homes for Sale | realtor.com The ratio of income to home prices is higher in the first example. When he is not writing about home improvement or taking on projects around the house, he likes to read and create art. So when you see a home for sale in Colstrip for only $123,700, you know its a good deal. There are so many wonderful options! OHU50K Notes $35,000 One bedroom, one bath, 624sf Montana tiny house for sale in a tiny town of 244 residents in the northeast corner of the state. Housing costs are slightly high in Baker, but they make up for it with low rent.

"}}]}. When you choose to live in one of Montanas most affordable places, youre choosing to live where your Montana dollar will go the furthest. That is below the national average, but Deer Lodge is cheap, and you can get a good quality of life. Renters are in the minority in Malta, but it is quite cheap and averages $539 per month. {"@context": "https://schema.org","@type": "FAQPage", "mainEntity": [{"@type": "Question", "name": "What county in Montana has the lowest cost of living? Its simple economics, folks. Immerse yourself in the mountain lifestyle. They have median home values of $101,700 and $126,000, respectively, and low monthly ownership costs as well. You'll receive your first newsletter soon! Log Homes - Montana Real Estate - 319 Homes For Sale | Zillow For Sale Price Price Range New List Price Monthly Payment Minimum - Maximum Beds & Baths Bedrooms Bathrooms Apply Home Type Deselect All Houses Townhomes Multi-family Condos/Co-ops Lots/Land Apartments Manufactured Apply More (1) More filters Or wait until summer for a more interactive historical perspective at the Little Bighorn Days festival, which draws visitors from all over the country. Some groceries, such as milk and chicken, cost more than the national average in Baker.

"}}, {"@type": "Question", "name": "What is the cheapest housing market in Montana? If you want to learn more about how things were done in the Wild West, the Liberty County Museum is a terrific place to visit. Homes in Hardin sell for a median price of $107,800, while your typical rental costs around $621. Gasoline can cost as much as $2.50 per gallon in Conrad, but it depends on where you go. Phillips County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Montana as a whole. Montana Mountain Retreat. The average living wage in Phillips County is $87,120 according to MIT data. Jessica Wick is a writer and travel enthusiast who loves exploring new places, meeting new people and, of course, beautiful Big Sky Country and every part of Washington State. Some people love the beach, while others would rather dive deep into the woods for a restorative getaway (bonus: no jellyfish). Overall, the low cost of living combined with a high quality of life in Hardin make for a winning combination. It was settled due to its location on the Carroll Trail. Acres: 33.65 SqFt: 6724 Bed: 3 Bath: 3.00. @media(min-width:0px){#div-gpt-ad-homesnacks_com-medrectangle-3-0-asloaded{max-width:300px!important;max-height:250px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'homesnacks_com-medrectangle-3','ezslot_0',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');To see how your city compared, take a look at the list below. During the summertime, temperatures can soar to 85 or higher, and it goes along with clear skies and mild weather. Cranmore Mountain Resort offers slopes for all ages, while Settlers Green includes over 60 stores to shop. The average home value in Roundup is $86,100, the lowest in the state. The median income of a Montana household is $56,539. Tour Cheap Homes & make offers with the help of local Redfin real estate agents. The largest Alpine lake in North America, Lake Tahoe is a stunning way to escape the stressors of the outside world. Just under 40% of Wolf Point residents choose to rent apartments and houses. You can count on your commute being 15 minutes, and thats the average for Anaconda residents. In Scobey, Montana, you will find yourself surrounded by livestock and fields, and 1,027 lucky residents call it home. Cheap Houses for Sale in Montana, MT | Point2 You can snag a home in Harlowton for about $129,500, which beats out the second cheapest homes in the state by a lot. And Cut Bank residents like to party witha number of events, chief among them being the Lewis & Clark festival. If youre not sure about committing to a mortgage, the rent in Wolf Point goes for about $627/month. And who doesnt love an annual rubber duck race down the river. When you click through real estate links on our site, we earn an affiliate commission. Population: 1,396Rank Last Year: 7 (Up 1)Home Price To Income Ratio: 2.6x (7th most affordable)Income To Rent Ratio: 91.3x (27th cheapest)More On Fort Benton: Real Estate, Looking for an affordable place to live in Montana? Read more about one of the, Choteau is know as the Gateway to the Rocky Mountain Front. When youre at the pump in Glasgow, try to remember the $0.27 per gallon gasoline tax. See all agents in Montana Open Houses in Montana.

MT Real Estate - Montana Homes For Sale | Zillow Residents face some trouble as far as wages and income goes, and the current unemployment rate is 11.3%. The fact that it has tons of amenities for its size draws a fair amount of tourism, but it's also a fantastic (and affordable) place to live. Luckily, weve still got plenty of gorgeous mountain towns in Montana where the cost of living isnt sky high. If youre considering a move on a budget, consider one of these nine spots. Hardin offers easy access to some of the most sought-after fly fishing destinations in the country on the Bighorn River. Harlowton residents also pay the second-lowest proportion of their income on housing, leaving plenty of money in the budget for a brewski or two at Gallys Brewing Co. Nevada City was a camp started in 1863. Forget Vail or AspenSilverthorne is truly such a picturesque destination, youll be hard-pressed to leave. Due to the necessity to commute in Malta for many residents, you could spend up to $1,469 yearly on gas. The 8 Most Affordable Mountain Towns In Montana - Only In Your State And Hardin is proud of its heritage, which is on full display at the Big Horn County Historical Museum. You could spend up to $1,607 per year in gasoline if youre a commuter and use 656 gallons per year. You wouldnt know it, but Taos is home to several really incredible attractionsski resort Taos Ski Valley, World Heritage Site Taos Pueblo, the stunning St. Francisco de Asis church, and a staggering landscape between the Rocky Mountains and Rio Grande Gorge. Get more stories delivered right to your email. Combining those factors with Maltas median income of $50,324 puts Malta in or around the top ten statewide for housing to income ratios. The cheapest places to live in Montana for 2023 are Colstrip, Wolf Point, and Malta. The cost of living in Montana is 0.0% lower than the US average. Located on the Yellowstone River off of I-94 in southeast Montana about 100 miles from Billings is Forsyth, one of the most affordable and safe places to live in Montana. Consider climbing up a 14er (a peak exceeding 14,000 feet in elevation, of which the state has 58) for a real challenge. If you want to try Chinook out to see how you like it, the barrier to entry is incredibly low in fact, the city has the cheapest median rent in Montana at $496. However, you are more likely to spend between $500 and $900 per month on rent in Scobey, Montana. Monthly housing costs can total $1,700 in Conrad, so renting is a great choice for Conrad residents looking to save. The cheapest housing market in Montana is Roundup.

The cost of living in Montana is 0.0% lower than the US average. Attractions such as Cattle Town can pull people in, but low housing and living costs keep residents there and happy. But those of us who have called the Treasure State home for awhile know that, while those places are beautiful, they arent exactly affordable for the average Montanan. Driving is necessary to get around Deer Lodge, and youll pay between $2.24 and $2.39 per gallon at the pump. Its a great place to visit! Lets take a look at the cheapest places to live in Montana, and what makes them so affordable. Mountain Home Montana's Top Vacation Rentals Near Yellowstone On Water Reunions & Gatherings Air Conditioning Hot Tubs Pet Friendly Stay with Montana's Local Experts Mountain Home Montana Vacation Rentals is staffed by locals and is 100% locally owned. We also looked at cost of living, home prices, and the recent crime statistics for places with 1,000 or more residents. When you factor in that the median household income here is $39,722, you start to appreciate just how easy it is to save in Cut Bank. Other grocery items, such as potatoes and beef are lower at $2.90 and $3.85 per pound, respectively. 2023 Hearst Magazine Media, Inc. All Rights Reserved. The average living wage in Phillips County is $87,120 according to MIT data. There are many other cities that are highly affordable in Montana as well. This is our tenth time ranking the. When it comes to being able to afford if you can live, the two most crucial factors to consider are: You must comprehend your expenses in the context of your earnings. Look no further than Plentywood. Open House. You could spend as much as $2,303 or more on premiums in Conrad with Progressive. The majority of Deer Lodge residents are employed, but at a low income, and the average household nets $37,917 yearly. Cheap Homes For Sale in Montana, MT - 466 Listings - PropertyShark Buying groceries is a great way to save in Baker, but even a meal for two at restaurant averages $30. Montana goes through the seasons, but spring and summer are short giving way to long and cold falls and winters. Hardin residents also enjoy a median household income of $46,154, making everything that much more affordable. 2 Baths . The median income in Colstrip is $81,424, about 65% higher than Montanas average. Childcare costs $16,384 a year in Phillips County for two children compared to the Montana average of $16,520. This is an accurate list of the most affordable places to live in Montana for 2023, if youre looking at the cost of living numbers in Montana. HomeSnacks is reader-supported. So, HomeSnacks thought that wed give you the ultimate Montana life hack: a list of the most affordable places to live in Big Sky Country for 2023. Learn more about the, Hamilton is such a charming historic mountain town. Both renters and buyers enjoy the third best housing to income ratios in the state. Its truly for anyone who loves the great outdoors, as youll be inundated by the beautiful wildlife everywhere you turn. Whether youre just passing through or settling down for good, Chesters rent to income and property price to income ratios are among the top ten in the state. You dont need big wages to live in some of the countrys most charming cities, and many of them are located in Montana. Although rent in Lewistown might be expensive at times, the average resident pays less than $700 per month. Still, living expenses are 7% below the Montana state average in Scobey, and it doesnt take much to live comfortably. Not to mention that withplenty of interconnected trails, nature-lovers can get their fix without spending a dime. The median home value is $162,821 and buying a home in Glasgow comes with an average $1,280 mortgage payment. With a median home cost of $240,700, Eureka isn't the most affordable mountain town in Montana -- but there are other costs, like utilities, that are lower than average. The cost of living statistics are: You can include median home price as a stand alone variable because high home prices generally correlate with higher costs for all goods and services (heating, electricity, food, etc). 228 Mountain Ave, Columbia Falls, MT 59912. Two-bedroom apartments can cost as much as $820 or more per month, and it can also increase utility costs. Youll be able to fill up your calendar with weekend escapes in no time! Housing costs, defined as a blend of the average rent and average mortgage payment, are $8,808 per year in Phillips County compared to $10,975 on average in Montana. Love Montana? Looking at the numbers, the town of some 1,500 people has a cost of living over 15% cheaper than the state average. Homes in Hardin sell for a median price of $124,900, while your typical rental costs around $743. Livingston is another great option for a weekend getaway. The cost of living in Conrad is low, but groceries are mostly above the national average. Houses can be found for as little as $100 per square foot on the market, and mobile homes can be found for even less. You may then compare these parameters in each of Montanas locations to see which is the most affordable. Colstrip doesnt have the cheapest homes or lowest rent in Montana, but what it does have is a well-paid population and low unemployment. 2015-2023 Chasing Chains, LLC. That numbers been climbing steadily in recent years, as more people realize you can get a high quality of life for a bargain in Chinook. Maybe thats because you have so many clothes, you get overwhelmed whenever its time to get dressed. You can cheaply buy homes in Scobey, and the median price is $116,000, and thats before $1,200 in ownership costs. Overall, the low cost of living combined with a high quality of life in Hardin make for a winning combination. If youre looking to buy a home in Montana for the absolute lowest price, Harlowtons the place for you. Lifestyle The 10 Most Affordable Places to Buy a Mountain House How to get the most bang for your buck. When it comes to cost of living, Forsyth is over 20% cheaper than the average in Montana. Cozy nights by the fire with snow lightly falling outside? 03:06. If youre looking for a weekend getaway, check out these awesome Montana escapes. Mountain Properties For Sale in MT - United Country Owning a house in Wolf Point comes along with low property taxes, and the average effective rate is 0.83%. ", "acceptedAnswer": { "@type": "Answer", "text": "

Monthly homeownership costs are closer to $1,700 each month once bills and mortgage payments have been made. When moving to any new place, budget is a huge factor. We aim to deliver bite-sized pieces of infotainment about where you live. This Eclectic Restaurant In Montana Has Its Very Own Market, These 8 Songs About Montana Will Touch Your Soul Today, The Tiny Town In Montana With A Terribly Creepy Past, The Montana Trail With A Bridge, Waterfall, And Lake You Just Cant Beat, Here Are 10 Undeniable Reasons Why Eastern Montana Is Totally Underrated, Here Are The10 Happiest Cities In Montana, 13 Slow-Paced Small Towns in Montana Where Life Is Still Simple, Here Are The 10 Safest And Most Peaceful Places To Live In Montana, best places to live in Montana with mountain views. 50. Monthly ownership costs are quite low, however, and generally average $1,100 per month including mortgage payments and bills. Yes, its possible. Think New England charm with a twist: Conway is a ski haven that just so happens to also be a shoppers paradise. As the town likes to brag, let the Fort Benton scenery, history and residents work their magic on you!. If youre stuck looking for free things to do in Colstrip, fear not, because the walleye, pike, and bass fishing at Castle Rock Lake is out of this world. June 20, 2023 / No Comments. Rent and housing costs are low in Scobey, but so are average annual wages. The median income of a Montana household is $56,539.

Houses are inexpensive and have a median value of $101,700 in Wolf Point, and that explains the high homeownership rate. If you need more space, you can pay up to $2,600 and get a three-bedroom in Baker. $3,100,000. If you decide you like it here, the median home price is $97,900. Were going to take a long drive southwest from Wolf Point to arrive at our ninth cheapest city in Montana, Harlowton. Renting is also quite affordable and averages $690 per month for those who dont want to buy a home. So, want to know where the cheapest places in Montana are to live? By Nikhita Mahtani Published: Apr 9, 2020 Save Article Alice Morgan Some people love the. . Many people visit Montana and fall in love, dreaming of moving to a charming city like Whitefish or Bozeman. What is the cheapest housing market in Montana? The median home value in Baker is $148,000, and houses span the spectrum in cost. And with a monthly rent of $666 its easy to move your family to Forsyth and have plenty of extra for a nice camping trip. Not all of us have the means to live in expensive cities. Many of the Treasure States top ten most affordable places boast great home prices, safe neighborhoods, and good jobs. The median home value in Anaconda is $122,700, and you can expect to pay a 1.2% property tax rate. Deer Lodge County stretches across 741 square miles, and many Deer Lodge city residents commute throughout the county. They have median home values of $101,700 and $126,000, respectively, and low monthly ownership costs as well. The Poconos mountain range is home to six ski areas, several woodfire cabins and cottages, and tons of resorts where you can get your spa and fine dining on. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Gasoline is cheap in Malta and costs $2.24 per gallon right now, and that saves big on daily commutes. KELLER WILLIAMS REALTY NORTHWEST MONTANA, Timothy Peacher. You can expect to spend close to the Montana state average of $1,615 each year in car insurance premiums. You can find out more about him on LinkedIn or his website. 19 . That's a good thing for you! Learn more about. Read more about. @media(min-width:0px){#div-gpt-ad-homesnacks_com-large-leaderboard-2-0-asloaded{max-width:320px!important;max-height:50px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-leaderboard-2','ezslot_4',111,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0');@media(min-width:0px){#div-gpt-ad-homesnacks_com-large-leaderboard-2-0_1-asloaded{max-width:320px!important;max-height:50px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,50],'homesnacks_com-large-leaderboard-2','ezslot_5',111,'0','1'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0_1');.large-leaderboard-2-multi-111{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:5px!important;margin-left:auto!important;margin-right:auto!important;margin-top:5px!important;max-width:100%!important;min-height:50px;padding:0;text-align:center!important}, Population: 1,660Rank Last Year: 15 (Up 8)Home Price To Income Ratio: 2.6x (9th most affordable)Income To Rent Ratio: 82.2x (25th cheapest)More On Plentywood: Real Estate. We've worked and played in Montana for over 20 years. Houses currently sell for $112 per square foot in Anaconda, and that makes buying a home attainable for most residents. Baker is a bit of an oddity on this list; with a median home price of $156,100 and a median rent of $713/month, the city has the priciest homes and second priciest rent of all the cities listed here. For Rent. They are as follows: We included just the median home price because greater home prices are associated with higher expenses for all home-related items (heating, electricity, etc). And that, friends, makes perfect sense. It makes sense that there are so many homeowners because the median home value in Malta is $122,100. In fact, of all the places in Montana, folks in Colstrip spend the least amount of their earnings on homes, by a massive margin. If you decide to settle down in Wolf Point, a home will set you back around $105,400, the second lowest price in Montana. Were finishing our tour of Montanas cheapest places to live with the small city of Chinook.

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