Orchard Homes 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.
IndexOrchard HomesMontanaNational
Cost of living index10998100
IndexOrchard HomesMontanaNational
Goods & Services index9898100
Groceries index100100100
Health care index104104100
Housing index13597100
Transportation index101101100
Utilities index9292100
An overview of the general cost of living index for Orchard Homes, MT is displayed above for your reference. Residents in Orchard Homes, MT enjoy a cost of living index of 109. This index is 12% higher than the Montana average, and 9% higher 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 Orchard Homes, MT, the average cost of goods and services is equal to it is in Montana, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Orchard Homes is 12% higher than the Montana average.
  • The cost of living in Orchard Homes is 9% higher than the national average.
  • The cost of housing in Orchard Homes is 35% 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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Use the salary calculator to compare your current salary in Orchard Homes, 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 Orchard Homes, MT, then you would need to earn more income in order to maintain the same standard of living. To use the Orchard Homes, 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$69,028$5,752$1,611$2,071
Renters$31,726$2,644$740$952
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 Orchard Homes, 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. Orchard Homes, MT has a median income of about $69,028 for people who own homes. Based on that number, a person should spend a maximum of $1,611 on expenses related to housing. Renters have a slightly different median income, which is $31,726. Based on this average, renters should spend no more than $740 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 Orchard Homes, 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

ItemOrchard HomesNational avg.Difference
Haircut $14.37$15.567.7%
Beauty Salon $37.33$36.113.4%
Toothpaste $2.72$2.4710.1%
Shampoo $0.95$0.961.6%
Movie $10.25$10.131.2%
Bowling $3.83$4.7419.0%

Groceries

ItemOrchard HomesNational avg.Difference
Ground Beef $3.43$3.9813.9%
Fried Chicken $1.39$1.411.0%
Milk $1.75$2.0615.2%
Potatoes $3.67$2.9823.1%
Pizza $8.99$9.475.1%
Beer $8.65$8.791.6%

Health Care

ItemOrchard HomesNational avg.Difference
Optometrist $82.77$101.0418.1%
Doctor $134.33$107.4425.0%
Dentist $82.20$90.429.1%
Ibuprofen $9.93$9.287.0%
Lipitor $455.84$426.506.9%

Housing

ItemOrchard HomesNational avg.Difference
Home Price $266,400.00$175,700.0051.6%
Avg. Mortgage Payment $1,256.86$1,133.2310.9%
Apartment Rent $889.00$920.003.4%

Transportation

ItemOrchard HomesNational avg.Difference
Gasoline $2.09$1.994.7%
Tire Balancing $42.53$45.767.1%

Utilities

ItemOrchard HomesNational avg.Difference
All Electricity$182.10$163.8111.2%
Phone $18.66$28.3934.3%
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.
Huson, MT71011%
Bonner-West Riverside, MT1,71786-14%
Wye, MT31898-2%
East Missoula, MT2,59798-2%
Lolo, MT3,9941022%
Orchard Homes, MT5,4101099%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hutchins, TX5,41090-10%
Bessemer City, NC5,41087-13%
DeFuniak Springs, FL5,41084-16%
Williamston, NC5,41093-7%
Colby, KS5,41182-18%
Orchard Homes, MT5,4101099%
Source: The Orchard Homes, MT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.