Cost of Living in Red lodge, MT
Housing
The housing market plays a significant role in determining the cost of living in Red lodge, MT.
- Housing Index: 115.0 / 100
- Median Home Price is: $311000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1236 per month
Considering a move to Red lodge, MT? With a housing index of 115.0, the real estate market shows a moderate level of affordability. The median home price at 311000 reflects a competitive market, while renting a 2-bedroom apartment averages 1200 and a house averages 1236. Bear in mind that housing costs are a key factor in budgeting for your move. Additionally, the economic outlook and job opportunities in Red lodge can also significantly affect your decision. Always factor these elements into your relocation planning.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Red lodge, 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.): $280 per month
Living in Red lodge, 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 $280 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 Red lodge is a financially viable option for your relocation.