Malta, MT is a small city located in Montana that offers residents a rural feel with a population of 2,105 people. Its two-bedroom rent prices are much lower than the national average, at $830 compared to $1,430 for the US as a whole; similarly, its Grocery Cost Index is also notably cheaper at 98 versus 100 in the US. Local businesses such as Malta Market Place, Grains & Greens Natural Market, and J&J Foods provide residents with convenient access to affordable groceries and goods. The cost of living in Malta is significantly lower than in other parts of the country, making it an ideal place for people looking for budget-friendly living.
Malta has an unemployment rate of 5.5%. The US average is 6.0%.
Malta has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 13.8%, which is lower than the US average of 33.5%.
Tax Rates for Malta
- The Sales Tax Rate for Malta is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Malta 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 Malta
- The average income of a Malta resident is $23,032 a year. The US average is $28,555 a year.
- The Median household income of a Malta resident is $50,324 a year. The US average is $69,021 a year.