Anaconda-Deer Lodge County cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAnaconda-Deer Lodge CountyMontanaNational
Cost of living index8898100
IndexAnaconda-Deer Lodge CountyMontanaNational
Goods & Services index101101100
Groceries index101101100
Health care index106106100
Housing index6697100
Transportation index9494100
Utilities index8686100
An overview of the general cost of living index for Anaconda-Deer Lodge County, MT is displayed above for your reference. Residents in Anaconda-Deer Lodge County, MT enjoy a cost of living index of 88. This index is 10% lower than the Montana average, and 12% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Anaconda-Deer Lodge County, MT, the average cost of goods and services is equal to it is in Montana, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Anaconda-Deer Lodge County is 10% lower than the Montana average.
  • The cost of living in Anaconda-Deer Lodge County is 12% lower than the national average.
  • The cost of housing in Anaconda-Deer Lodge County is 34% lower than the national average.
  • Montana general sales tax is 100% lower than the national average.
  • Montana state income tax is 55% lower than the national average.

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Compare Anaconda-Deer Lodge County, MT Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Anaconda-Deer Lodge County, MT to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Anaconda-Deer Lodge County, MT, you have to earn a higher income in order to still have the same standard of living. To operate the Anaconda-Deer Lodge County, MT salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,518$4,043$1,132$1,456
Renters$21,890$1,824$511$657
The affordability of the housing market in Anaconda-Deer Lodge County, MT as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Anaconda-Deer Lodge County, MT homeowners, the median income is $48,518. This indicates that a monthly maximum of $1,132 should be spent by homeowners on all housing related costs. Renters have a median income of $21,890. This indicates that renters should have a maximum of $511 used for their rent related monthly costs.

Montana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Montana0%0%

Montana Income Tax

StateIncome Tax (Low)Income Tax (High)
Montana1%6.9%
When assessing the complete cost of living in Anaconda-Deer Lodge County, MT, the Montana income tax and the Montana sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Montana maximum surtax is 0%, and the Montana sales tax is 0%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 6.9% in Montana.

Goods & Services

ItemAnaconda-Deer Lodge CountyNational avg.Difference
Haircut $13.33$14.598.7%
Beauty Salon $39.00$34.6812.5%
Toothpaste $2.83$2.4714.4%
Shampoo $1.08$1.025.7%
Movie $10.25$9.873.9%
Bowling $3.75$4.3914.6%

Groceries

ItemAnaconda-Deer Lodge CountyNational avg.Difference
Ground Beef $3.79$4.4815.3%
Fried Chicken $1.62$1.4610.7%
Milk $2.36$2.360.1%
Potatoes $3.49$3.0614.0%
Pizza $8.99$9.242.7%
Beer $8.86$8.632.6%

Health Care

ItemAnaconda-Deer Lodge CountyNational avg.Difference
Optometrist $106.20$99.786.4%
Doctor $126.50$105.0320.4%
Dentist $84.33$88.704.9%
Ibuprofen $10.99$9.4116.8%
Lipitor $301.41$298.501.0%

Housing

ItemAnaconda-Deer Lodge CountyNational avg.Difference
Home Price $124,700.00$175,700.0029.0%
Avg. Mortgage Payment $1,257.70$1,081.0316.3%
Apartment Rent $510.00$920.0044.6%

Transportation

ItemAnaconda-Deer Lodge CountyNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $39.75$45.2912.2%

Utilities

ItemAnaconda-Deer Lodge CountyNational avg.Difference
All Electricity$150.35$170.8012.0%
Phone $23.35$28.2617.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Butte-Silver Bow, MT33,48189-11%
Anaconda-Deer Lodge County, MT9,24388-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Claymont, DE9,2421077%
Grants, NM9,24591-9%
Rio del Mar, CA9,24017777%
Augusta, KS9,23987-13%
Plainedge, NY9,23415050%
Anaconda-Deer Lodge County, MT9,24388-12%
Source: The Anaconda-Deer Lodge County, MT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.