Great Falls 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.
IndexGreat FallsMontanaNational
Cost of living index9498100
IndexGreat FallsMontanaNational
Goods & Services index101101100
Groceries index101101100
Health care index106106100
Housing index8397100
Transportation index9494100
Utilities index8686100
A general summary of the cost of living index in Great Falls, MT is shown above. Compared to the state average of Montana the cost of living index in Great Falls, MT is 94, which is 4% lower than the average in Montana and compared to the national average it is 6% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Great Falls, MT goods and services come in at equal to the average in Montana and are 1% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Great Falls is 4% lower than the Montana average.
  • The cost of living in Great Falls is 6% lower than the national average.
  • The cost of housing in Great Falls is 17% 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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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Great Falls, MT to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Great Falls, MT, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Great Falls, MT salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,314$5,026$1,407$1,810
Renters$27,028$2,252$631$811
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Great Falls, MT, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Great Falls, MT has a median income of about $60,314 for people who own homes. Based on that number, a person should spend a maximum of $1,407 on expenses related to housing. Renters have a slightly different median income, which is $27,028. Based on this average, renters should spend no more than $631 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Montana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Montana0%0%

Montana Income Tax

StateIncome Tax (Low)Income Tax (High)
Montana1%6.9%
For those who live in Great Falls, MT and want to know what the true cost of living is, they ought to look at both the Montana income tax rate and the Montana sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Montana, the sales tax is 0%, while the most you'll pay in surtax is 0%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Montana, the income tax rate ranges between 1% to 6.9%.

Goods & Services

ItemGreat FallsNational 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

ItemGreat FallsNational 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

ItemGreat FallsNational 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

ItemGreat FallsNational avg.Difference
Home Price $158,900.00$175,700.009.6%
Avg. Mortgage Payment $1,257.70$1,081.0316.3%
Apartment Rent $610.00$920.0033.7%

Transportation

ItemGreat FallsNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $39.75$45.2912.2%

Utilities

ItemGreat FallsNational 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.
Gibson Flats, MT13998-2%
Black Eagle, MT1,23385-15%
Vaughn, MT80486-14%
Sun Prairie, MT1,29087-13%
Sand Coulee, MT24388-12%
Great Falls, MT59,01794-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brookline, MA59,01619090%
Wellington, FL59,02212020%
Palm Harbor, FL59,00799-1%
Broomfield, CO59,02711616%
Rocklin, CA59,00213232%
Great Falls, MT59,01794-6%
Source: The Great Falls, MT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.