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A Guide to the Cost of Living in Wyoming - The Zumper Blog Cost of Living in Montana - 24/7 Wall St. October 22, 2014, 3:27 AM. Using these numbers, we calculated the net change in annual disposable income that a move to the new city will have on your wallet and lifestyle. The city's household income averages $41,980. With Colorados median home price of close to $500,000 youd be looking at spending almost double the amount for a home in Colorado compared to Wyoming. The rural roads do not receive as much care as you think they would, and many of them are still gravel. No professional sports teams. It is easier to eyeball how much your spending will cost in Wyoming due to consistent tax rates. In fact, Colorado is seventh on the list of the states with the highest average monthly rents in the nation, right behind New York State. Call Today 406-855-1884 2023 Western Agri Financial 500 West Bench Rd. Home > Facts > United States > State Comparisons. 2023 Cost of Living Calculator for Miscellaneous: Casper, Wyoming vs If you want to buy a home in the beautiful state of Montana, you will find that it is one of the highest residential home markets in the country. 2021's 7 Best Cities to Live in Montana | UpNest Montana has several nicknames, although none are official, incl.. More The federal minimum wage is $7.25 per hour while Montana's state law sets the minimum wage rate at $9.95 per hour in 2023. Over time, not having to pay a tax on each purchase will help you to achieve a lower, Montana is ranked number 33 out of all states in overall healthcare access and affordability. In the past, Wyoming was at the forefront of equality, and thats one of many great things it can boast. 7. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials of over 300+ US cities. The living wage of a family in Wyoming comprised of two working adults with two children is approximately $19.14. Spokane's annual household income is $42,275. Follow along, and we will explore the costs of living in Wyoming, and why every penny is worth it. Photo by John Kakuk/Unsplash. Most newcomers have settled in and around the capital, compounding the state's urbanization. There are some places where housing is exceptionally affordable, with Blaine County seeing an average selling price of just $59,500. However, there are additional sales taxes levied by both counties and cities in the state. Billings, Montana vs Cheyenne, Wyoming Change Places . Wyoming has a rich history, and its background earned the state its nickname, the Equality State. Beer is a way of life in Montana. The median home price in Seattle is $550,500. The living wage in Montana is $16.32 per hour, which is the basic wage needed to pay for essentials such as housing, food, and necessities for an individual adult. The city's rental costs are affordable; you'll pay $765 for a two-bedroom home. Did you know that the state of Montana has more cows living with orders then it does people? There are more than 500 miles of interstate highway to diverse when you are taking the east-to-west journey across the state. The state's cost of living is slightly higher than average. Housing Costs in Montana Average Housing Costs in Montana: $590 to $1,429 per month No matter where you live, housing will be a major recurring expense. Cost of Living in Montana, 2022 - Apartment List You wont find utility bills that are much cheaper than in Jackson, Wyoming, where the average is $83 per month. Your Get free, zero-commitment quotes from pro contractors near you. The vertical drop is 4,350 feet long, making it the fourth-longest in North America. Private schools in less expensive cities like Casper tend to be cheaper than private schools in more expensive cities like Jackson. These median figures can vary substantially throughout the region. Colorado is one of nine states in the country to have a flat income tax system. A cost of living index above 100 means Wyoming, Wyoming is more expensive. The Brawl of the Wild. Despite the location in the mountains, the state cant endure some severe thunderstorms from the spring to the autumn. A cost of living index above 100 means Montana, Montana is more expensive. 11. Knowing these amounts and what to expect can make a world of difference, especially for those considering a move to the region. Bathroom closets are often catch-alls for anything and everything remotely related to self-care. Montana Is Full of Great Places to Live. If your home is worth more than $237,000, then you cannot qualify for any exemptions at all. South Dakota ranks 28th in cost of living about in the middle of the pack. Renters typically pay around $1,030 a month; however, this figure does tend to vary throughout the state. During the last year, home appreciation has grown in the city by about 12 percent. It is a very different lifestyle than what you will find along the East or West Coast. Below are the most relevant links to Montana Vs Wyoming Cost Of Living data. Population estimates, July 1, 2019, (V2019), Population, percent change - April 1, 2010 (estimates base) to July 1, 2019, (V2019), Population estimates base, April 1, 2010, (V2019), American Indian and Alaska Native alone, percent, Native Hawaiian and Other Pacific Islander alone, percent, White alone, not Hispanic or Latino, percent, Owner-occupied housing unit rate, 2014-2018, Median value of owner-occupied housing units, 2014-2018, Median selected monthly owner costs -with a mortgage, 2014-2018, Median selected monthly owner costs -without a mortgage, 2014-2018, Housing units in multi-unit structures, percent, 2009-2013, Living in same house 1 year ago, percent of persons age 1 year+, 2014-2018, Language other than English spoken at home, percent of persons age 5 years+, 2014-2018, Households with a computer, percent, 2014-2018, Households with a broadband Internet subscription, percent, 2014-2018, High school graduate or higher, percent of persons age 25 years+, 2014-2018, Bachelor's degree or higher, percent of persons age 25 years+, 2014-2018, With a disability, under age 65 years, percent, 2014-2018, Persons without health insurance, under age 65 years, percent, In civilian labor force, total, percent of population age 16 years+, 2014-2018, In civilian labor force, female, percent of population age 16 years+, 2014-2018, Total accommodation and food services sales, 2012 ($1,000), Total health care and social assistance receipts/revenue, 2012 ($1,000), Total manufacturers shipments, 2012 ($1,000), Total merchant wholesaler sales, 2012 ($1,000), Mean travel time to work (minutes), workers age 16 years+, 2014-2018, Median household income (in 2018 dollars), 2014-2018, Per capita income in past 12 months (in 2018 dollars), 2014-2018, Total employment, percent change, 2016-2017, American Indian- and Alaska Native-owned firms, percent, 2007, Native Hawaiian- and Other Pacific Islander-owned firms, percent, 2007. Once you have purchased and moved into your new home, there will be utility and maintenance costs as well as property taxes and home insurance that will contribute to your, Montana has no state or local sales taxes making it attractive for shoppers. Privacy policy The table below lays out average cost ranges for different moving services depending on the size of your home. Census data reports that the median value of a home in Wyoming is $220,500. Contact Butte's median household salary is $98,015. If you are used to the atmosphere from the Northeast or the Pacific Northwest where people sometimes stick to their comfort zone, you might find that this is a unique change of pace. This state is a perfect combination of old western traditions and modern amenities. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. Many of the political divides that we experience in the United States are evident when you start living in Montana. The median price of a home in Wyoming is $272,700, which is about 6.5% less than the national average of 291,700. It's a big state with a small population, with just 1.69 million people call Montana home. You dont need to become a doomsday prepper to manage this disadvantage, but it may be some time before you can find some help. Wyoming is often ranked as one of the best American states for retirees, and it is for many reasons. In the city, the median home price is $172,000. Living here gives you an opportunity to be active like no other state can, who is again perhaps the exception of Wyoming and Alaska. Then everyone takes the chance to get some camping, hiking, and hunting in whenever possible. Not only that, but Wyoming also boasts the lowest sales tax in the United States. 3. The median home price and median income also determine the most costly places to live. Snow can fall in Wyoming between the months of October and May, and it can snow as much as 5 at once. Utilities and transportation costs are also below the U.S. average, but Wyoming's healthcare costs are above the national average. Sponsors are acknowledged. The weather in Montana can be challenging to manage at times. The cost of living in Oregon is a little higher than it is in other states. Expect to pay $1,338 per year, on average, for car insurance premiums in Wyoming, but there are many factors. Winter sports are huge here in the state. See what you'll need to earn to keep your current standard of living. Home brewing is expanding throughout the state as well, with kits available at many retailers. In fact, politics is one of the main reasons why so many people are moving to Wyoming. 1516 Golden Blvd Bed 4 Bath 3 2336SqFt During the last year, the city has seen its homes depreciate by around 0.7 percent. 1. Wyoming - 10 best states to retire in - CNNMoney It would not take long after this expedition for fur trainers to begin setting up shop in the region, creating a thriving economy for them, but disease and decimation to the native populations. What you see on the price tag is actually what you will pay! People who call the state their home pay around $230,700 for a residence and pay an average $840 a month on rent. If you have a love affair with beer and like to try different varieties, then youll love living in this state. The median price of a home in Wyoming is $272,700, which is about 6.5% less than the national average of 291,700. Some private schools can be more expensive than others. The Lewis and Clark Expedition of 1804-1806 would mark the first time that European explorers would set foot in the land that would eventually be called Montana. The people of Montana are warm and friendly. When it comes to this area of the United States, one of the first things that comes to mind is its unique and beautifully diverse landscape. Winter sports in Montana are always world-class. Just as diverse as their landscape, however, is its cost of living. As a Montana resident, you'll pay more for food and health care. You will find links to both official statistics and people's impressions. Roughly $1,000 of the ownership costs go straight to mortgage payments, and the rest is spent on bills and repairs. Niobrara County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Wyoming as a whole. The state's cost of living is higher than the national average and you'll pay a little more for health care and transportation than residents in other states do. You will want to have a temporary rental set up for your family if you are moving to Montana in the near future. The state spends an average of $20,380 per student, much higher than the national average of $12,201. There is a very real attitude here of encouraging the community to lift everyone up so that each household receives the same chances to succeed. There is also no estate tax. Wyoming vs. Montana - State Comparison - IndexMundi Colorado's tax relief for retirees pales in comparison to what Wyoming offers. It would be Roman Catholic missionaries that would help to save the effort of westward expansion, establishing Saint Marys Mission in the Bitterroot Valley. Washakie County is where Worland is located, and the property tax rate is low at 0.66% of assessed home value.