Philipsburg, MT is a small town located in southwest Montana with a population of 838 people. This rural community is known for its historical downtown area, scenic mountain views, and its affordability compared to other areas in the US. The median two-bedroom rent in Philipsburg is $840 which is significantly less than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Philipsburg stands at 99 versus 100 in the US making food even more affordable for residents of this small town.
Philipsburg's economy relies heavily on tourism as well as local businesses such as Backcountry Burger Bar, Sweetwater Coffee House & Bakery, Southside Pizza & Pasta and Bessie's Museum & Gifts. In addition to these popular establishments there are also a number of local retail stores including Cowboy Carousel Boutique and L&L Hardware & Building Supplies. Thus, with an abundance of affordable housing options as well as cost effective grocery shopping opportunities it’s easy to see why living costs are lower than the US average for Phillipsburg residents.
Philipsburg has an unemployment rate of 5.7%. The US average is 6.0%.
Philipsburg has seen the job market decrease by -8.4% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Philipsburg
- The Sales Tax Rate for Philipsburg is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Philipsburg 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 Philipsburg
- The average income of a Philipsburg resident is $18,850 a year. The US average is $37,638 a year.
- The Median household income of a Philipsburg resident is $37,045 a year. The US average is $69,021 a year.