Beaver Creek, MT is a small town nestled in the Rocky Mountains with a population of around 1,000 people. The cost of living in Beaver Creek is low compared to the national average due to its size. 2 bedroom rentals are about $830 per month while the national average for similar rentals is $1,430. The grocery cost index in Beaver Creek is 99 compared to 100 in the US, making groceries more affordable as well.
The economy in Beaver Creek is dominated by agriculture, tourism, and forestry. Local companies include Beaver Creek Farm which grows sustainable vegetables and fruits for local markets; Montana Trails & Adventure Tours which provides guided backcountry adventures; and Copper Mountain Logging which harvests timber from local forests. All three businesses provide employment opportunities to many local residents and help keep the cost of living low for everyone in the community.
Beaver Creek has an unemployment rate of 3.7%. The US average is 6.0%.
Beaver Creek has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Beaver Creek
- The Sales Tax Rate for Beaver Creek is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Beaver Creek 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 Beaver Creek
- The average income of a Beaver Creek resident is $33,385 a year. The US average is $28,555 a year.
- The Median household income of a Beaver Creek resident is $93,594 a year. The US average is $69,021 a year.