Medicine Lake, MT is a small town located in north-central Montana. With a population of just over 500 people, it is the perfect size for those looking for a quiet place to call home. The cost of living in Medicine Lake is quite affordable, with 2 Bedroom Rent averaging $860 compared to the US average of $1,430. Grocery costs are also lower than the US average, with an index score of 97 versus 100 in the US. Additionally, there is plenty to do and see in Medicine Lake, with local companies such as Badger Bob's Sporting Goods providing quality products and services to residents and visitors alike.
Medicine Lake has an unemployment rate of 4.4%. The US average is 6.0%.
Medicine Lake has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 3.7%, which is lower than the US average of 33.5%.
Tax Rates for Medicine Lake
- The Sales Tax Rate for Medicine Lake is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Medicine Lake 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 Medicine Lake
- The average income of a Medicine Lake resident is $24,101 a year. The US average is $28,555 a year.
- The Median household income of a Medicine Lake resident is $38,625 a year. The US average is $69,021 a year.