Cost of Living in Medicine lake, MT
Housing
The housing market plays a significant role in determining the cost of living in Medicine lake, MT.
- Housing Index: Data is updating
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the current data for Medicine lake, MT, where the median home price stands at 150000, it's important to acknowledge that a housing index of 0.0 suggests a potentially favorable market for buyers, given lower average rents. However, with both average rents for a 2-bedroom apartment and house reported as 0.0 and 0.0, the cost of living may seem nominally supported. Generally, lower housing costs can signal economic growth or an emerging market; thus, it might be wise to dive deeper into local amenities and future developments before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Medicine lake, MT.
- Electricity Price: $13.58 USD (median by state)
- Natural Gas Price: $8.31 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Medicine lake, MT could entail higher utility costs. Electricity costs sit at $13.58, while natural gas is priced at $8.31 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Medicine lake is a financially viable option for your relocation.