Red Lodge, MT is a small town nestled in the heart of Montana's mountain country. This quaint, picturesque town offers its residents an array of businesses, amenities and leisure activities. There are a variety of local companies such as D&D Grocery; which offers everyday grocery items at competitive prices. Additionally, there are several restaurants offering unique culinary experiences; like Red Lodge Pizza Company which serves up delicious Italian-style pizzas. For those who enjoy outdoor activities, Red Lodge has many parks that offer scenic hikes and trails with beautiful views of the surrounding mountains. When it comes to cost comparisons, 2 bedroom rent in Red Lodge is about $960 compared to the US average of $1,430; additionally the grocery cost index is 101 compared to 100 for the US average. Red Lodge has much to offer its residents from its thriving business culture to its bountiful outdoor activities.
Red Lodge has an unemployment rate of 4.4%. The US average is 6.0%.
Red Lodge has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Red Lodge
- The Sales Tax Rate for Red Lodge is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Red Lodge 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 Red Lodge
- The average income of a Red Lodge resident is $26,698 a year. The US average is $28,555 a year.
- The Median household income of a Red Lodge resident is $47,727 a year. The US average is $69,021 a year.