Highwood, MT is a small town located in Montana with a population of about 500 people. It's known for its natural beauty and its close-knit community. The median two-bedroom rent in Highwood is $940, which is significantly lower than the US median rent of $1,430. Grocery costs in Highwood also have an index score of 99 compared to an index score of 100 in the US. Some local businesses include Highwood Mercantile & Services, Highwood Bar & Cafe, Highwood Bakery & Deli, and more. Comparatively speaking, living expenses such as rent and groceries are much cheaper than they are in other parts of the country.
Highwood has an unemployment rate of 3.5%. The US average is 6.0%.
Highwood has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Highwood
- The Sales Tax Rate for Highwood is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Highwood 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 Highwood
- The average income of a Highwood resident is $25,623 a year. The US average is $37,638 a year.
- The Median household income of a Highwood resident is $49,000 a year. The US average is $69,021 a year.