Housing costs in Red Lodge?
A typical home costs
$451,100, which is 33.4% more expensive than the national average of
$338,100 and 2.1% more expensive than the average Montana home, at
$441,800. Renting a two-bedroom unit in Red Lodge costs
$950 per month, which is 4.0% cheaper than the national average of
$990 and 10.5% cheaper than the state average of
$1,050.
Can I afford Red Lodge?
To live comfortably in Red Lodge (zip 59068), Montana, a minimum annual income of
$86,400 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 59068 Red Lodge, MT is relatively inexpensive. According to Expatistan, the cost of living index for this area is 87.2, which is slightly lower than the US national average of 100. This means that groceries, utilities, and transportation in Red Lodge are generally more affordable than they would be elsewhere in the country. Housing costs can vary greatly depending on location and the type of residence desired. On average, rent for a one bedroom apartment in Red Lodge ranges from $550-$700 per month. Property taxes are also relatively low compared to other areas of the country at an average of 0.5%.