Colstrip, MT is a small town located in southeastern Montana. With a lower than average population of just over 2,000 people, Colstrip is known for its warm and welcoming atmosphere. It is an ideal place to live with 2 bedroom rent in Colstrip, MT at $830 compared to $1,430 on average in the US. It also has an affordable grocery cost index at 97 compared to the US's 100. Some local companies include Smith Mining Co., Big Sky Motorsports, and Foltz Electric. There are also numerous restaurants including Pizza Hut and the Elkhorn Bar & Grill.
Colstrip has an unemployment rate of 4.6%. The US average is 6.0%.
Colstrip has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 11.7%, which is lower than the US average of 33.5%.
Tax Rates for Colstrip
- The Sales Tax Rate for Colstrip is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Colstrip is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Colstrip
- The average income of a Colstrip resident is $32,372 a year. The US average is $28,555 a year.
- The Median household income of a Colstrip resident is $81,424 a year. The US average is $69,021 a year.