A+
0%
Overall NAT. AVG.
18%
Goods & Services NAT. AVG.
19%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Butte-Silver Bow Montana National
Cost of living100101100
Goods & Services118104100
Groceries107103100
Health care9698100
Housing8199100
Transportation100109100
Utilities9393100

An Overview of Cost of Living in Butte-Silver Bow, MT

Getting a feel for the cost of living in Butte-Silver Bow is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Butte-Silver Bow is 100, which is 0% equal to the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

The cost of living in Butte-Silver Bow aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Butte-Silver Bow residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Butte-Silver Bow goods and services are 18.1% more expensive than the national average, leaving you with less money at the end of the month.

Is Butte-Silver Bow Affordable?

Is Butte-Silver Bow affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Butte-Silver Bow, the median home price is 15.3% lower than the national average and monthly rent prices are 28.6% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Butte-Silver Bow boasting a median household income of $49,659, 10.2% lower than the national average.

What Factors can Influence the Cost of Living in Butte-Silver Bow?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Butte-Silver Bow, the housing index comes in at 19.3% lower than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Butte-Silver Bow, the transportation index is 0.4% lower than the national average.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Butte-Silver Bow, the groceries index is 6.8% higher than the national average.

Where is the Data From?

The cost of living in Butte-Silver Bow, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Butte-Silver Bow is 1% lower than the Montana average
  • The cost of living in Butte-Silver Bow is equal to the national average
  • Butte-Silver Bow housing is 19% lower than the national average
  • Montana general sales tax is 100% lower than the national average
  • Montana state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Butte-Silver Bow

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Compare Butte-Silver Bow, MT Cost of Living

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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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$57,962$4,830$1,352$1,739
      Renters$23,730$1,978$554$712
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Butte-Silver Bow, MT, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Butte-Silver Bow, homeowners have a median income of $57,962. Using that number, a maximum of $1,352 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $23,730, which means there is a maximum of $554 to be spent on the costs of renting a home or apartment.

      Montana Sales Tax

      State General Sales Tax With Max Surtax
      Montana 0% 0%

      Montana Income Tax

      State Income Tax (Low) Income Tax (High)
      Montana 1% 6.75%

      Goods & Services

      Item Butte-Silver Bow National avg. Difference
      Haircut $34.17$24.2640.8%
      Beauty Salon $54.03$45.5618.6%
      Toothpaste $4.45$3.7020.3%
      Shampoo $1.24$1.283.2%
      Movie $14.00$12.1315.4%
      Bowling $18.03$18.000.1%

      Groceries

      Item Butte-Silver Bow National avg. Difference
      Ground Beef $6.67$5.8414.1%
      Fried Chicken $1.32$1.5716.2%
      Milk $4.91$4.675.1%
      Potatoes $4.61$4.936.5%
      Pizza $12.93$12.097.0%
      Beer $11.39$10.419.4%

      Health Care

      Item Butte-Silver Bow National avg. Difference
      Optometrist $134.67$125.687.1%
      Doctor $144.42$135.786.4%
      Dentist $109.17$113.293.6%
      Ibuprofen $10.94$10.652.7%
      Lipitor $336.07$468.6028.3%

      Housing

      Item Butte-Silver Bow National avg. Difference
      Home Price $156,400.00$184,700.0015.3%
      Avg. Mortgage Payment $3,780.77$2,346.6961.1%
      Apartment Rent $678.00$949.0028.6%

      Transportation

      Item Butte-Silver Bow National avg. Difference
      Gasoline $3.43$3.460.8%
      Tire Balancing $60.29$59.920.6%

      Utilities

      Item Butte-Silver Bow National avg. Difference
      All Electricity $177.13$193.998.7%
      Phone $182.36$192.255.1%
      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 Population Cost of Living Index National Avg.
      Walkerville, MT632937.0%
      Anaconda-Deer Lodge County, MT9,153964.2%
      Butte-Silver Bow, MT34,2631000.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Torrington, CT34,2591021.5%
      Wenatchee, WA34,24911817.6%
      Adelanto, CA34,23811616.5%
      Kennesaw, GA34,2321044.1%
      Chillum, MD34,23012828.5%
      Butte-Silver Bow, MT34,2631000.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.