Cost of Living in Butte, MT

Housing

The housing market plays a significant role in determining the cost of living in Butte, MT.

• Housing Index: 88.0 / 100
• Median Home Price is: $205000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1285 per month

Considering the data for Butte, MT, the housing index of 88.0 indicates an affordable cost of living in comparison to the national average. The median home price of 205000 may attract first-time homebuyers, especially when housing supply remains relatively stable. Additionally, the average rents for a 2-bedroom apartment at 1200 and a house at 1285 offer further options for families and individuals. Overall, Butte appears to be a viable choice for those seeking affordability and a balanced lifestyle in a promising location.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Butte, 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.): $250 per month

Living in Butte, 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 250 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.6

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $56522

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Butte, MT, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.