Malmstrom AFB 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.
IndexMalmstrom AFBMontanaNational
Cost of living index10398100
IndexMalmstrom AFBMontanaNational
Goods & Services index101101100
Groceries index101101100
Health care index106106100
Housing index11697100
Transportation index9494100
Utilities index8686100
Here we can see a simple outline of the cost of living in Malmstrom AFB, MT. As you can see, with the average cost of living in Malmstrom AFB, MT being 103, that puts it 6% higher than the average of Montana and 3% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Malmstrom AFB, MT, the price of goods and services are equal to the average of Montana as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Malmstrom AFB is 6% higher than the Montana average.
  • The cost of living in Malmstrom AFB is 3% higher than the national average.
  • The cost of housing in Malmstrom AFB is 16% higher 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.

Find Real Estate Listings In Malmstrom AFB

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Malmstrom AFB

Compare Malmstrom AFB, MT Cost of living To Other Cities

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
Using the salary calculator lets you compare the salary you earn in Malmstrom AFB, 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 Malmstrom AFB, MT, you have to earn a higher income in order to still have the same standard of living. To operate the Malmstrom AFB, 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$0$0$0$0
Renters$52,557$4,380$1,226$1,577
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Malmstrom AFB, 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 Malmstrom AFB, MT homeowners have a median income of $0. Using that number, you will come up with a maximum of $0 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $52,557, which means there is a maximum of $1,226 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%
The Montana sales tax and Montana income tax rates should definitely be considered when determining the overall cost of living in Malmstrom AFB, MT. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Montana sales tax is 0% and the maximum surtax is 0%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Montana income tax rates range from 1% to 6.9%.

Goods & Services

ItemMalmstrom AFBNational 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

ItemMalmstrom AFBNational 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

ItemMalmstrom AFBNational 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

ItemMalmstrom AFBNational avg.Difference
Home Price $0.00$175,700.00100.0%
Avg. Mortgage Payment $1,257.70$1,081.0316.3%
Apartment Rent $1,064.00$920.0015.7%

Transportation

ItemMalmstrom AFBNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $39.75$45.2912.2%

Utilities

ItemMalmstrom AFBNational 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%
Belt, MT63985-15%
Sun Prairie, MT1,29087-13%
Sand Coulee, MT24388-12%
Malmstrom AFB, MT3,6251033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Desoto Lakes, FL3,6241022%
Cleveland, GA3,62489-11%
Strathmore, CA3,62694-6%
Senoia, GA3,6271066%
Rochester, PA3,62886-14%
Malmstrom AFB, MT3,6251033%
Source: The Malmstrom AFB, MT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.