Medicine Lake, MT Cost of Living


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United States / Montana / No Metro Area / Sheridan County / Medicine Lake / Zip Codes
How much do I need to live in Medicine Lake, Montana?
$2,100 / month
for a family, 61.1% less expensive than the national average A total of $25,200 for the year for a family.
$2,533 / month
for a single person, 46.9% less expensive than the national average A total of $30,400 for the year for a single person.

Medicine Lake cost of living score
79.2
Less expensive
20.8% lower
than the US average
20.8% lower
than the Montana average
Medicine Lake, Montana gets a BestPlaces Cost of Living score of 79.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.8% lower than the U.S. average and 20.8% lower than the average for Montana.

Medicine Lake, MT

Housing costs in Medicine Lake?
A typical home costs $132,000, which is 61.0% less expensive than the national average of $338,100 and 70.1% less expensive than the average Montana home, at $441,800. Renting a two-bedroom unit in Medicine Lake costs $860 per month, which is 39.9% cheaper than the national average of $1,430 and 15.1% cheaper than the state average of $990.

Can I afford Medicine Lake?
To live comfortably in Medicine Lake, Montana, a minimum annual income of $25,200 for a family, and $30,400 for a single person is recommended.

What does A.I. say about Medicine Lake?
The cost of living in Medicine Lake, MT is quite reasonable. Prices for basic necessities such as food, gas, and housing are all fairly low. The median home value in the area is around $120,000 dollars, making it a great option for those looking for an affordable place to live. In addition, utilities are typically low due to the abundance of renewable energy sources in the area. Overall, Medicine Lake offers a great balance between cost and quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesMedicine LakeMontanaUnited States
    Unlock100.0100.0
  97.4  Unlock100.0
    Unlock99.6100.0
  63.2  Unlock100.0
    Unlock$441,800$338,100
  89.0  Unlock100.0
    Unlock75.2100.0
  93.3  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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