Butte-Silver Bow 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.
IndexButte-Silver BowMontanaNational
Cost of living index8998100
IndexButte-Silver BowMontanaNational
Goods & Services index101101100
Groceries index101101100
Health care index106106100
Housing index6997100
Transportation index9494100
Utilities index8686100
An overview of the general cost of living index for Butte-Silver Bow, MT is displayed above for your reference. Residents in Butte-Silver Bow, MT enjoy a cost of living index of 89. This index is 9% lower than the Montana average, and 11% 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 Butte-Silver Bow, 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 Butte-Silver Bow is 9% lower than the Montana average.
  • The cost of living in Butte-Silver Bow is 11% lower than the national average.
  • The cost of housing in Butte-Silver Bow is 31% 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 Butte-Silver Bow, MT Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Butte-Silver Bow, MT would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Butte-Silver Bow, MT, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Butte-Silver Bow, MT salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,545$4,295$1,203$1,547
Renters$19,074$1,590$445$572
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Butte-Silver Bow, MT, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Butte-Silver Bow, MT homeowners have a median income of $51,545. Using that number, you will come up with a maximum of $1,203 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $19,074, which means there is a maximum of $445 to be spent on the costs of renting a home or apartment.

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 Butte-Silver Bow, 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

ItemButte-Silver BowNational 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

ItemButte-Silver BowNational 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

ItemButte-Silver BowNational 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

ItemButte-Silver BowNational avg.Difference
Home Price $123,600.00$175,700.0029.7%
Avg. Mortgage Payment $1,257.70$1,081.0316.3%
Apartment Rent $596.00$920.0035.2%

Transportation

ItemButte-Silver BowNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $39.75$45.2912.2%

Utilities

ItemButte-Silver BowNational 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.
Walkerville, MT98184-16%
Anaconda-Deer Lodge County, MT9,24388-12%
Butte-Silver Bow, MT33,48189-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Greenville, MS33,51881-19%
Kaneohe, HI33,44319595%
Manitowoc, WI33,44388-12%
Long Beach, NY33,52216969%
Salisbury, NC33,52487-13%
Butte-Silver Bow, MT33,48189-11%
Source: The Butte-Silver Bow, MT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.