Housing costs in Red Lodge?
A typical home costs
$431,200, which is 27.5% more expensive than the national average of
$338,100 and 2.4% less expensive than the average Montana home, at
$441,800. Renting a two-bedroom unit in Red Lodge costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 3.1% cheaper than the state average of
$990.
Can I afford Red Lodge?
To live comfortably in Red Lodge, Montana, a minimum annual income of
$82,800 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Red Lodge?
The cost of living in Red Lodge, MT is relatively low compared to many other cities and towns. According to the Montana Town Profiles, the median home sale price in Red Lodge is currently around $199,000. This makes it much more affordable than other areas in the state, such as Bozeman or Missoula. Additionally, the overall cost of living index for Red Lodge is 91.2 which ranks below 100- anything above 100 being more expensive than the national average. This indicates that living in Red Lodge is more affordable than most places across the US. With its close proximity to nature and outdoor activities as well as shopping and dining options, Red Lodge can be a great option for people looking for an affordable place to call home.