Quick facts: Butte, MT

Quick Facts

104.7
Cost of Living
above US average
35,416
Population
20.22
Crime Rate per 1000
below US average
$56,522
Median Income
below US average
$265,000
Median House Price
above US average
$1728.13
Average Rent
above US average
12%
Poverty Rate
above US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,522.

🏠

Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $56,522
🏒

Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1728.13/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $56,522
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Butte, MT

Butte, Montana, located in Silver Bow County, is a historic city known for its rich mining heritage and vibrant culture. Often referred to as the "Richest Hill on Earth," Butte was once a major player in the copper mining industry during the late 19th and early 20th centuries. Today, it celebrates its past with well-preserved architecture and intriguing historical sites, such as the Butte Mining Museum and the Berkeley Pit, a former open-pit copper mine. The city is nestled in the Rocky Mountains, providing stunning natural landscapes and numerous outdoor recreational opportunities, including hiking, biking, and fishing. Butte also has a lively arts scene, with local festivals, theaters, and galleries showcasing regional talent. The annual Montana Folk Festival attracts visitors with music, crafts, and culinary offerings. Butte's community is known for its strong Italian heritage, evidenced in its cuisine and local festivals, such as the M&M Italian Dinners. With a population of around 34,000, Butte combines a small-town feel with rich cultural experiences, making it a unique destination in Montana.

πŸ” Search & Compare Places

First Location πŸ“