Miles City 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.
IndexMiles CityMontanaNational
Cost of living index8898100
IndexMiles CityMontanaNational
Goods & Services index97101100
Groceries index107101100
Health care index106106100
Housing index6497100
Transportation index10494100
Utilities index8686100
Here we can see a simple outline of the cost of living in Miles City, MT. As you can see, with the average cost of living in Miles City, MT being 88, that puts it 10% lower than the average of Montana and 12% lower 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 Miles City, MT, the price of goods and services are 4% lower than the average of Montana as well as 3% lower than the nation's average.

Did you know?

  • The cost of living in Miles City is 10% lower than the Montana average.
  • The cost of living in Miles City is 12% lower than the national average.
  • The cost of housing in Miles City is 36% 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.

Find Real Estate Listings In Miles City

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Miles City

Compare Miles City, 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
The salary calculator allows you to compare how much your current salary in Miles City, 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 Miles City, MT, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Miles City, 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$56,299$4,692$1,314$1,689
Renters$27,649$2,304$645$830
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 Miles City, 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. Miles City, MT has a median income of about $56,299 for people who own homes. Based on that number, a person should spend a maximum of $1,314 on expenses related to housing. Renters have a slightly different median income, which is $27,649. Based on this average, renters should spend no more than $645 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%
The Montana sales tax and Montana income tax rates should definitely be considered when determining the overall cost of living in Miles City, 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

ItemMiles CityNational avg.Difference
Haircut $16.50$14.5913.1%
Beauty Salon $26.79$34.6822.7%
Toothpaste $1.67$2.4732.5%
Shampoo $0.94$1.028.0%
Movie $9.75$9.871.2%
Bowling $4.25$4.393.2%

Groceries

ItemMiles CityNational avg.Difference
Ground Beef $5.72$4.4827.8%
Fried Chicken $1.52$1.463.8%
Milk $3.02$2.3628.1%
Potatoes $3.01$3.061.7%
Pizza $10.13$9.249.6%
Beer $8.97$8.633.9%

Health Care

ItemMiles CityNational avg.Difference
Optometrist $105.60$99.785.8%
Doctor $124.00$105.0318.1%
Dentist $92.00$88.703.7%
Ibuprofen $9.43$9.410.2%
Lipitor $292.39$298.502.0%

Housing

ItemMiles CityNational avg.Difference
Home Price $109,900.00$175,700.0037.5%
Avg. Mortgage Payment $1,171.22$1,081.038.3%
Apartment Rent $612.00$920.0033.5%

Transportation

ItemMiles CityNational avg.Difference
Gasoline $2.00$2.094.5%
Tire Balancing $57.33$45.2926.6%

Utilities

ItemMiles CityNational avg.Difference
All Electricity$137.44$170.8019.5%
Phone $26.55$28.266.0%
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.
Miles City, MT8,55388-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Woodbury, NY8,553206106%
Johnstown, NY8,55296-4%
Micco, FL8,55590-10%
Alcoa, TN8,55685-15%
Meadowbrook, AL8,55011010%
Miles City, MT8,55388-12%
Source: The Miles City, MT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.