Power, MT is a small town located in the southeastern region of Montana. It has a population of approximately 1,400 people and offers a quiet lifestyle to its residents. One of the main attractions of Power is that it has some great local businesses such as the Power Bar & Grill, Power Florist, and Vick’s Feed Store.
In terms of renting property, 2 bedroom rentals are much more affordable in Power than they are across the United States at large. While rent for two bedrooms would be $1,430 in the US on average, in Power it only costs about $970. Similarly, grocery prices are also lower in Power than they are nationwide; the Grocery Cost Index is 100 both in Power and across America. This makes shopping more affordable for locals and ensures that everyone can access quality food at an acceptable price point.
Power has an unemployment rate of 4.3%. The US average is 6.0%.
Power has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 12.0%, which is lower than the US average of 33.5%.
Tax Rates for Power
- The Sales Tax Rate for Power is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Power 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 Power
- The average income of a Power resident is $24,378 a year. The US average is $28,555 a year.
- The Median household income of a Power resident is $41,477 a year. The US average is $69,021 a year.