Missoula 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.
IndexMissoulaMontanaNational
Cost of living index10498100
IndexMissoulaMontanaNational
Goods & Services index101101100
Groceries index101101100
Health care index106106100
Housing index11997100
Transportation index9494100
Utilities index8686100
A general summary of the cost of living index in Missoula, MT is shown above. Compared to the state average of Montana the cost of living index in Missoula, MT is 104, which is 7% higher than the average in Montana and compared to the national average it is 4% higher 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 Missoula, 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 Missoula is 7% higher than the Montana average.
  • The cost of living in Missoula is 4% higher than the national average.
  • The cost of housing in Missoula is 19% 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.

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Salary Calculator

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Health care index
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Use the salary calculator to compare your current salary in Missoula, MT to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Missoula, MT, then you would need to earn more income in order to maintain the same standard of living. To use the Missoula, MT salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,177$5,515$1,544$1,986
Renters$26,173$2,181$611$785
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Missoula, MT as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Missoula, MT homeowners, is $66,177. This would allow for a maximum of $1,544 per month to be spent on housing costs. For renters, the median monthly income is $26,173 which would result in a maximum of $611 to be spent on rental costs.

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 Missoula, 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

ItemMissoulaNational 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

ItemMissoulaNational 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

ItemMissoulaNational 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

ItemMissoulaNational avg.Difference
Home Price $236,800.00$175,700.0034.8%
Avg. Mortgage Payment $1,257.70$1,081.0316.3%
Apartment Rent $765.00$920.0016.8%

Transportation

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

Utilities

ItemMissoulaNational 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.
Bonner-West Riverside, MT1,71786-14%
Wye, MT31892-8%
East Missoula, MT2,59798-2%
Clinton, MT1,0281022%
Lolo, MT3,9941022%
Missoula, MT68,3771044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Waterloo, IA68,39286-14%
Ellicott City, MD68,50714444%
Casas Adobes, AZ68,52599-1%
Rock Hill, SC68,18594-6%
Union City, NJ68,00112323%
Missoula, MT68,3771044%
Source: The Missoula, MT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.