Cost of Living in Big Timber, MT 2025

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. Purchasing a home can be a lengthy and complex process. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. If you own a home in your former location the sale of that home needs to be completed as well. 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 cost of living. The advantages of living in Montana are many, but the high cost of buying a home is not one of them. ( 2025-07-24 salary.com )

Montana has no state or local sales taxes making it attractive for shoppers. If you currently live in a state with a sales tax and are sick of all the “extra” costs added to each purchase, you will immediately see the advantage Montana offers. Without a sales tax, the price of your purchase will be more straightforward. What you see on the price tag is actually what you will pay! Everyday items like food and clothing, as well as some large purchases like appliances and vehicles, will be more affordable in Montana. Over time, not having to pay a tax on each purchase will help you to achieve a lower cost of living. Montana does have a state income tax maximum of 6.9%. This means that if you work in Montana, your paycheck will be subject to both state and federal income taxes. ( 2025-07-24 salary.com )

The largest contributor to any cost of living estimate is housing. Understanding the housing market and costs for a location can be complex. Renting can give you a chance to try out a location before making the major commitment of buying a home. In Montana renting a home can actually be more economical than buying. Renting generally has fewer up-front costs and maintenance is generally included, eliminating that responsibility and expense and could potentially leave you with more disposable income and a lower cost of living. ( 2025-07-24 salary.com )

Montana is ranked number 33 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state. Affordability is generally measured by the rates set for insurance coverage in a state, as well as the out-of-pocket expenses that need to be paid by you when receiving the care. If rates or out-of-pocket expenses are high, your cost of living will increase. Access to healthcare is how easy or difficult it may be to receive the care. Access is measured by identifying barriers that might prevent the delivery of care such as the inability to obtain insurance coverage, having to travel long distances to health care centers and lack of sufficient facilities and/or healthcare professionals. The timeliness of care, how fast you can get to see a healthcare provider, is another important measure. ( 2025-07-24 salary.com )

Energy is one of the costs that contribute to the cost of living in a state. The cost of your utilities may fluctuate based on weather conditions. Montana is noted as a state that has some of the worst winter weather in the U.S. Snow, bitterly cold temperatures, storms, and strong winds can force you indoors for days on end. This typical winter weather can drive your energy costs and cost of living higher than in states with a milder climate. Expect to pay more for your utility bills during the winter months. ( 2025-07-24 salary.com )