The city's housing market has appreciated by 3.4 percent during the last year. The state is among a select few in the country that do not have a personal income tax. Wyoming has many cheap places to live, and the cheapest is Worland, where rent costs as little as $610 per month. Private school is not exorbitant in Wyoming and costs an average of $8,689 per year. As for individual income tax Montana is 21 and Wyoming again takes the top spot. Pocatello Wyoming ranked 51st most expensive and 52nd best state to live in the United States. The Missoula metro area is the most expensive area in Montana. That beats the national average by almost $30 per month. If you decide to purchase a house in Montana, then you will want to learn how to live with the wildlife. This typically depends upon which city you call home. This means that the most sales tax you could spend is 6%, which is the case in Carbon County. Montana real estate and Wyoming real estate have some similarities but there are some major differences that we cover in this video. 2023 Cost of Living Calculator: Casper, Wyoming vs Billings, Montana Change Places A salary of $650,000 in Casper, Wyoming could decrease to $640,401 in Billings, Montana (assumptions include Homeowner, no Child Care, and Taxes are not considered. The city's housing market appreciated by 13 percent during the last year. Our cost of living calculator assumes people spend around 19% of their income on miscellaneous expenses. This state is a perfect combination of old western traditions and modern amenities. You might experience a car battery that freezes and fails to start your vehicle thanks to the weather that you can find here. If your desire to live in the state involves ranching, farming, or the cowboy lifestyle, then you are going to have plenty of opportunities to pursue your dream. Just as diverse as their landscape, however, is its cost of living. ClearCreek Dec 14, 2020 #8 High Voltage FNG Joined Nov 3, 2019 Messages 96 Location Helena, MT ClearCreek said: We store towels, medicine, toiletry supplies, first-aid gear, massage devices, facial steamers, spare Painting your garage is a great way to improve the look of the space and make the walls easier to clean. Move Size Moving Company Moving Container Rental Truck; Studio / 1 Bedroom: $1,408 - $3,855: $848 - $1,674: $597 - $826: 2 - 3 bedrooms: $2,499 - $6,450: Butte's median household salary is $98,015. Living here gives you an opportunity to be active like no other state can, who is again perhaps the exception of Wyoming and Alaska. If you decide to call this state your home, then it is essential to remember that the active lifestyle does not stop once the snow flies. How much more or less will pay for the same or similar job be in the new city? Some links in the description are affiliate links, if you click on one of the product links, Ill receive a commission at no additional cost to you. The living wage of a family in Wyoming comprised of two working adults with two children is approximately $19.14. There is plenty of things to do in Wyoming, and wildlife tours and horseback riding are among the most popular. Within the state, the median home value is $173,900, with an average household income totaling in at around $47,015. Wyoming residents spend an average of $843 per month of rent, and the median home value is $140,200. Your utility costs when living in Montana are also much lower compared to most other states. Washakie County is where Worland is located, and the property tax rate is low at 0.66% of assessed home value. In the city, the median home price is $172,000. If you are thinking about moving to Montana or Idaho, this will help with your choice of states.Equipment used to produce videos: Sony ZV-1 Digital Camera https://amzn.to/3yDhSYSCanon EOS M50 https://amzn.to/3EBEdtzDJI Mini 3 Pro Drone https://amzn.to/3VnKYoFDJI Osmo Action 3 https://amzn.to/3yDe9ubDJI Mic - Wireless Microphone System https://amzn.to/3Cw4xT9Amazon 60-Inch Lightweight Tripod https://amzn.to/3RXRD6cApple iPhone 12 Pro https://amzn.to/3EGkWaqDisclosures: All opinions are my own. If you see a new trend happening in California or New York, there is an excellent chance that you will not get to experience whatever is hot right now for at least two years and that is assuming youll ever get to in the first place. Laramie 5. Bathroom closets are often catch-alls for anything and everything remotely related to self-care. In fact, there are just 6.8 people per square mile here, compared with the national average of 87.4. With cities like Seattle, Spokane and Tacoma, the state is one of the country's most popular places to live. Overview of Wyoming Area 97,810 SQ. An amount below 100 means Wyoming is cheaper than the US average. 1. Even if you can find a great job in one of the cities, 4 out of 5 people will commute to work from a rural home because they cant afford a property within the community. 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. Whether you decide to buy a vehicle or lease one, you are going to want to own something that can handle the difficult winters that are in the state. This can be a significant factor for people who enjoy outdoor activities like hiking and skiing. Average Cost Of Living In Saratoga Spring, Yearly Cost Of Living In Venezuela Overall, States With The Cheapest Cost Of Living Us, Terms and conditions 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. 8 Reasons to Move to Wyoming More than just stunning viewsthe cost of living, the jobs, the numerous ways to get outside and be healthy all make Wyoming a great place to live. When you consider the fact that the median home price in Wyoming is around $273,000, it is more affordable to purchase a home here than in the state of Colorado. Wyoming is known for having the lowest tax rates in the U.S., and that is reason enough to live there. The statewide average electrical bill in Wyoming is $85 per month, and thats $22 less than the national average. The cost of living in Oregon is a little higher than it is in other states. For a three-bedroom apartment or home in the city, the average cost of rent is $1,000. See what you'll need to earn to keep your current standard of living. Copyright 2009-2022, Allied Van Lines, Inc. All Rights Reserved.Site Map | Privacy Policy, Moving Timeline for Corporate Relocations, The Best Places to Live in Colorado: A Movers Guide, 7 Reasons to Consider Moving to Auckland, New Zealand, 6 Things You Should Know About Living in Ann Arbor. During the past year, homes have appreciated by 1.3 percent. The majority of violent crimes in Wyoming are physical assaults, and most of the property crimes are thefts and burglaries. Pocatello's average rental price is $650. Car insurance premiums may cost you $176 per month, and up to $2,100 or more per year, depending on age. Car insurance premiums vary based on personal driving history, gender, and how many licensed drivers are in your city. Casper 1. The rent in . Average Cost of Living in Wyoming: $42,016 per year Wyoming has the lowest average cost of living among all of the Rocky Mountain states, beating out neighbors like Utah, Colorado, Idaho, and Montana. Besides down payments and monthly ownership costs in Wyoming, homeowners have to budget for yearly property tax payments. The average salary after taxes in Wyoming is $3456, which is enough to cover living expenses for 2 months. Its cost of living is 3.2% lower than the national average. No major metropolitan areas. Fashion trends operate the same way here in the state. You are going to have plenty of run-ins with wildlife after moving to Montana. Adventurous Outdoor. Whether you decide to move to Wyoming or Colorado, transportation costs are another important consideration involved in determining the overall cost of living in either state. Being a Los Angeles resident, Jessica spends a lot of her time looking for her next DIY project and sharing her love for home design. The best option for a retirement state between Wyoming and Colorado is Wyoming. Water bills can cost as much as $50 or more per month in Wyoming, but it depends on usage. So are neighboring states Iowa and Wyoming. Home > Facts > United States > State Comparisons. 3. That means it is essential to dress in layers, and always keep a survival kit in your car. 5. The city's household income averages $41,980. Winter sports are huge here in the state. Housing costs are far below the national average in Wyoming, and homeownership rates are above the national average. Wyomings average effective property tax rate, or the annual taxes as a percentage of home value, is only 0.57%. A cost of living index above 100 means Montana, Montana is more expensive. In all, 77 named ranges are part of the Rocky Mountains. Tobacco sales come along with a $0.60 per package of cigarettes and other tobacco products in Wyoming. As an Amazon Associate, I earn a small commission from qualifying purchases.If you would like information about homes and land for sale in Montana, Please contact us at any time!Phone: 406-249-1735Email: teammontanalife@gmail.comCheck out our website at https://montanaliferealty.comFollow Us on:Facebook: https://www.facebook.com/montanaliferealty/Instagram: https://www.instagram.com/montanaliferealtyteam/Pinterest: https://www.pinterest.com/montanalifereal/Twitter: https://twitter.com/WillMontanaLinkedIn: https://www.linkedin.com/in/willfriedner/Please Check out our Montana Real Estate Podcast : https://podcasts.apple.com/us/podcast/montana-real-estate/id1357159769#MontanaRealEstate #MontanavsIdaho #MontanaCostofLiving 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. It isn't as desolate, but the highway can be pretty empty at times. Colorado is one of nine states in the country to have a flat income tax system. When it comes to comparing the costs of travel in Montana vs Wyoming, these two neighboring states will vary in price. You may spend up to $1,462 per year on gasoline in Worland if you use an average of 656 gallons per year. If youre over the age of 65, however, you can qualify for exemptions if the house is your principal property. In the category of salary, Tacoma's median household income is $50,440. Anytime that you buy gas at the pump, remember that theres a $0.23 per gallon gasoline tax rate in Wyoming. The following table outlines some of the major cities in Wyoming and Colorado, along with their associated median home prices: With its booming economy and wealth of employment opportunities, Colorado has quickly become one of the fastest-growing states in the U.S. Hawaii has the highest costs across all indexes, except healthcare. But you might be struggling to figure out what kind of paint to use on garage walls. Groceries and prescription drugs come with no sales tax in Wyoming, and that is a lifesaver. You can get a decent education when you live in Montana. Whether you have kids that are looking to study something specific in these schools or you were wanting to come back to our year degree, these public options are definitely a solid choice to consider. (Real estate information provided by: Trulia.com and Bestplaces.net), Allied Van Lines, Inc. MC 15735 U.S. 2) Each skier/boarder in Montana has 20 acres of in-bounds terrain all to themselves. Partner Idaho's cost of living is lower than other parts of the country. If you own a home in your former location the sale of that home needs to be completed as well. Did you know that the state of Montana has more cows living with orders then it does people? Dont forget your hiking gear, which can cost anywhere from $1,000 to $5,000. Butte's median home price is $145,300. . This way of life includes tons of outdoor recreational opportunities and a conservative state government. Housing Costs. However, housing is getting a bit pricey. The most significant difference occurs between the urban and rural voters here. There are also several private school options in Wyoming. 9. 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 Brawl of the Wild. The average cost of a property in the state is just $99,500, but there are some places where you cant find a place for less than $600,000 as well. It is a very different lifestyle than what you will find along the East or West Coast. One of the best ways is to take advantage of this benefit is the take an early retirement here, and then take classes at the university by using the Lifelong Education Status that is available at Montana State. Sponsors are acknowledged. If you're looking for high cost of living, high cost of housing, extremely low income when compared to the national average, poor access to medical care, a complete absence of decent restaurants, ever-decreasing hunting opportunities, a half year long winter and tweakers all over the place looking to steal your shit then come on up. With Wyomings statewide average rent of just $855 per month, the state is one of the most affordable places for renters. The advantages of living in Montana are many, but the high cost of buying a home is not one of them. It's a Literary Wonderland. The city's median household income comes to $48,075. He is always looking towards the newest trends in home improvement. View future changes in the minimum wage in your location by visiting. For rent, the states residents pay around $700 a month on average. The average population per 1 square mile is 6.86. They are currently 15 skin resorts in areas from which to choose, including the 5,800-acre Big Sky Ski Resort that gives you access to world-class runs at an affordable price. Wyoming and Colorado are very similar in terms of weather and scenery. Our Premium Cost of Living Calculator includes costs of restaurant meals, prepared food, dry cleaning and laundry, cosmetics, . It would be Roman Catholic missionaries that would help to save the effort of westward expansion, establishing Saint Marys Mission in the Bitterroot Valley. In Wyoming, once you finish your federal tax return, your taxes are complete for the year. The University of Montana and Montana State University are both highly regarded public institutions of higher education that you can attend after establishing residency in the state. 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. Utilities and transportation costs are also below the U.S. average, but Wyoming's healthcare costs are above the national average. What you see on the price tag is actually what you will pay! Montana real estate and Idaho real estate have some similarities but there are some major differences that we cover in this video. If you are the type of person who enjoys staying informed on the latest trends and experimenting with them, then living in Montana is going to require a significant adjustment. Winter sports in Montana are always world-class. Healthcare costs will always vary on the cost of care and population insured. Montana is a renowned state for its natural beauty. Purchasing a home can be a lengthy and complex process. The median home price in Montana is $232,100. Portland Here are 15 things to know before moving to Wyoming. On our website, we have collected a lot of different data on the cost of living. On our website, we have collected a lot of different data on the cost of living. 10. The city's rental costs are affordable; you'll pay $765 for a two-bedroom home. It comes in at number 44. Purchasing a home can be a lengthy and complex process. If you are thinking about moving to Montana or Wyoming, this will help with your choice of states.If you would like information about homes and land for sale in Whitefish, Montana, Please contact us at any time!Equipment used to produce videos: Sony ZV-1 Digital Camera https://amzn.to/3yDhSYSCanon EOS M50 https://amzn.to/3EBEdtzDJI Mini 3 Pro Drone https://amzn.to/3VnKYoFDJI Osmo Action 3 https://amzn.to/3yDe9ubDJI Mic - Wireless Microphone System https://amzn.to/3Cw4xT9Amazon 60-Inch Lightweight Tripod https://amzn.to/3RXRD6cApple iPhone 12 Pro https://amzn.to/3EGkWaqDisclosures: All opinions are my own. 6. Sheridan College is more affordable for in-state and out of state residents, and tuition costs $4,170 and $10,110 per year, respectively. What Is The Cost of Living In Wyoming vs. Colorado? Montana's income tax system is progressive, with marginal income tax rates that range from 1.00% to 6.75%. Housing costs are low across the board in Worland, and the median home value is $140,200, plus $1,079 in monthly ownership costs. The cost of living in Wyoming is significantly higher. Wyoming. The only real divide is between the people who decide to participate in these activities, and those who do not. On the flip side, there are also cities in Wyoming that are more expensive. DOT No.076235Texas intrastate moves are hauled under the authority of Allied Van Lines, Inc., TxDMV No. While Wyoming is home to Yellowstone National Park (home to over half of the world's geysers and America's premier biodiversity hotspot), Montana is home to the snowcapped rugged peaks of Glacier National Park. As a Montana resident, you'll pay more for food and health care. The agriculture industry here in contributes about $4 billion per year to the overall economy. Montana is the third largest state (behind Texas, and Alaska), and we have just over a million people (1.03 million) living in a state that is 380,832 km. The average private school tuition in Wyoming is approximately $8,689 per year. Most of Wyomings costs of living are below the national average, and its one of the best states to live and retire. You will find several different creatures here that are not always present elsewhere, such as the sandhill crane. Casper is the most expensive place to live in. Despite its large amount of land mass, Montana's 1 million residents make the state one of the country's smallest by population. Like Wyoming, Colorado has one the lowest sales taxes in the nation (among states that do have a sales tax). - Compare Cities cost of living across 9 different categories - Personal salary calculations can optionally include Home ownership or rental, Child care, . Wild West Smackdown: Montana Versus Wyoming. Salem Let's take a quick look at the cost-of-living breakdown in Montana. Spokane's annual household income is $42,275. Each week, Yahoo Travel pits rival destinations against each other to determine once and for all which place is the best . 16 Pros and Cons of Living in Miami, Florida, 21 Pros and Cons of Living in New Zealand, 18 Major Advantages and Disadvantages of the Payback Period, 20 Advantages and Disadvantages of Leasing a Car, 19 Advantages and Disadvantages of Debt Financing, 24 Key Advantages and Disadvantages of a C Corporation, 16 Biggest Advantages and Disadvantages of Mediation, 18 Advantages and Disadvantages of a Gated Community, 17 Big Advantages and Disadvantages of Focus Groups, 17 Key Advantages and Disadvantages of Corporate Bonds, 19 Major Advantages and Disadvantages of Annuities, 17 Biggest Advantages and Disadvantages of Advertising. Oh yeah, and there's no state income tax. Coeur d'Alene Studio apartments in Montana average about $800 per month in rent. Coeur d'Alene's median home price is $491,000. The median home price in Seattle is $550,500. With 3.9 million residents, Oregon is the 27th largest state in the U.S. It also ranks among the top 20 most affordable states in the nation, according to MERIC data collected in late 2021. The following table features a more comprehensive look at the average monthly rental prices you can expect in some of Colorados cities: There are some noteworthy differences between the taxes in Wyoming versus the taxes in Colorado, outlined in detail below. 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. Healthcare costs make up a significant part of the, Energy is one of the costs that contribute to the, from Laramie, WY with a salary of $60,000, View Minimum Wage Values in Laramie and Bozeman Compared with the Cost of Living. The average household salary totals $48,000. With its abundant outdoor recreation, low crime rate, level of authenticity, and numerous tax benefits, many view Wyoming as a more advantageous place to live than Colorado. Limited effects of urbanization. Wyoming has 62 school districts, 363 schools, and 94,578 students enrolled. Luckily, you dont have to spend a fortune to get your kids a great education in Wyoming. This is especially so if you spent your working years on the East Coast or in the South. 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. Check it out. These benefits, paired with Colorados stunning landscapes and outdoor lifestyle, is why so many people choose to relocate to the state. Cable plans in Jackson, and the rest of Wyoming, cost between $25 and $60 per month depending on your provider. Prices have increased by 12 percent during the last year. If you plan your move to Wyoming around these activities, you should keep the costs in mind. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. Regardless, even with the higher median home prices, it is still cheaper to purchase a home in Wyoming than Colorado. There are over 28,000 farms and ranches currently operational. It's a big state with a small population, with just 1.69 million people call Montana home. As such, it is commonly one of the main factors people use to decide where they want to settle down. Boise's average price of rent is $650 for a one-bedroom home and $1,200 for a home with three bedrooms. Colorado, on the other hand, has a cost of living index of 121.1, so it is significantly more expensive than both Wyoming and the national average. The state has several affordable cities. Montana has no sales tax, which is a huge long-term benefit. Wyoming in number 1. For a rental, you'll pay $920 for a two-bedroom home and $1,630 for a four-bedroom residence. The cost of car insurance is generally 6% less than the national average. Not to mention, living in Wyoming comes along with the lowest tax rates in the United States, so your money goes further. Fortunately, one of the main financial advantages of living in Wyoming over Colorado is the lack of state income tax. Wildlife shares the wide-open spaces with you when your home is in Montana. Dec 14, 2020 However, inventory all across the state is now even lower and developers cant build homes fast enough to meet the high demand. 1-888-368-4689 Exemptions for property taxes in Wyoming are not extremely high, and the average resident only saves $278 per year. In Montana, a regular house costs $219,600 as compared to the national median home value of $204, 900. Roughly $1,000 of the ownership costs go straight to mortgage payments, and the rest is spent on bills and repairs. Education, driving, grocery, and housing costs are all equal to or below the national average in Wyoming. 4. Livestock sales make up about 50% of this overall figure. You will discover that the people living in Montana are generally quite friendly. As a resident, you'll pay slightly more for health care than people in other states do. These tours range from $150 for a guided hike with lunch to $3,500 for a two-day guided tour of Yellowstone. Montana is cheaper than Wyoming, with a cost of living index of 96.5 compared to Wyoming's index of 108.3. Thinking about moving to another city? Related Guide:What Is The Cost of Living In Wyoming vs. Colorado? Housing is one of the largest components of cost of living. Phillips County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Montana as a whole. Average property tax payments vary widely based on both median home values and property tax rates in the county. Median listing home price: $899,900. In Salem, the median household income comes to $45,565. Between the months of November and March, it is not unusual to experience 100-degree swings and temperature from week to week, going from -50F to 50F above. That is somewhat high, but the low $0.23 per gallon gasoline tax makes up for the price of the gas itself. However, more affordable housing is still considered a major advantage to settling in Wyoming over Colorado. However, there are additional sales taxes levied by both counties and cities in the state. Helena, Billings and Butte are just three of the state's popular cities. There are currently more than 50 licensed breweries operating here, employing over 500 workers and making an economic impact of more than $60 million each year. Roberts/Red Lodge, MT 59070 Website Design by Media Works, LLC Privacy policy Alcohol sales are not subject to anything except for the 4%-6% sales tax rate throughout the state. One of the most significant tourism industries in Montana comes during the winter time. 4. 5. Military veterans can also qualify for $3,000 in property tax exemptions if youve been a Wyoming resident for 3 years. The average price of health insurance in Wyoming is $6,854 per person or $27,414 for a family of four. There is a total of 1,320 schools to choose from for parents in Wyoming. You will see plenty of staged shots in movies and television because of how the mountains, valleys, and glaciers to come together in a spectacular combination. Politics in the state of Montana are divided based on where one lives.