Basin, MT Economy


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Basin, MT is a small town with a population of 837, located in the state of Montana. The rental costs for a two-bedroom apartment in Basin, MT are much lower than the national average, sitting at $940 compared to $1,430 nationally. Additionally, the grocery cost index in Basin is 97 versus 100 in the US, making it an affordable place to live with great access to local amenities. The town is home to several businesses such as Basin Tire & Repair, Snowy Mountain Motors Inc., and Country Store Cafe & Cafe. All these businesses offer services at competitive prices which makes living in Basin an affordable and desirable option for many people.

Basin has an unemployment rate of 4.1%. The US average is 6.0%.

Basin has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.

Tax Rates for Basin
- The Sales Tax Rate for Basin is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Basin 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 Basin
- The average income of a Basin resident is $30,400 a year. The US average is $37,638 a year.
- The Median household income of a Basin resident is $43,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBasin, MontanaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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