Coram, MT Economy


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Coram, MT is a small community located in the Big Sky Country of Montana. This rural town offers plenty of outdoor recreation opportunities with its stunning mountain views, nearby rivers and lakes, hiking trails and more. For those looking to rent an apartment or house, Coram is the perfect place to call home. The two-bedroom rent in Coram is a fraction of what it costs in other parts of the country at only $1,230 compared to the US average cost of $1,430. Grocery costs are also relatively low in comparison with an index rating of 102 instead of 100 for the US as a whole.
Residents enjoy living in Coram due to its close proximity to local businesses such as Peak Performance Physical Therapy & Wellness Center, The Spotted Horse Ranch, and Big Sky Health Care Clinic. These companies provide much needed services to the community and create jobs for local residents. Outside of work life locals can take advantage of amenities such as golf courses, tennis courts and multiple parks offering playgrounds and picnic areas throughout Coram. With its small-town charm and vibrant culture Coram makes an ideal place for families looking for a quiet yet engaging place to call home.

Coram has an unemployment rate of 5.6%. The US average is 6.0%.

Coram has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Coram
- The Sales Tax Rate for Coram is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Coram 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 Coram
- The average income of a Coram resident is $27,682 a year. The US average is $28,555 a year.
- The Median household income of a Coram resident is $38,929 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCoram, MontanaUnited States
  5.66
  -1.2%-6.2%
  37.3%33.5%
  0.0%6.2%
  6.9%4.6%
  $20,904$37,638
  $38,929$69,021
  $63,229$85,028
  Population by Occupation
  8.3%1.2%
  0.0%0.5%
  31.2%6.8%
  0.0%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  9.2%7.6%
  0.0%0.1%
  11.0%4.2%
  7.3%9.3%
  8.3%14.0%
  8.3%2.1%
  8.3%7.0%
  8.3%4.8%
  0.0%4.7%
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