Reed Point, MT is a small rural town located in Montana. With a population of only a few hundred people it is the perfect place for those looking to live in a quiet and peaceful environment. The two bedroom rent in Reed Point is much cheaper than the US average of $1,430. Additionally, the grocery cost index in Reed Point is higher than that of the US, indicating that groceries may be more expensive here than elsewhere. Despite its small size, there are plenty of local businesses to explore in Reed Point. Some include; Reed Point Cattle Company which provides livestock supplies and feed, as well as A&L Grocery Store which offers fresh produce and everyday items needed for daily life.
Reed Point has an unemployment rate of 3.7%. The US average is 6.0%.
Reed Point has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Reed Point
- The Sales Tax Rate for Reed Point is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Reed Point 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 Reed Point
- The average income of a Reed Point resident is $29,156 a year. The US average is $37,638 a year.
- The Median household income of a Reed Point resident is $56,250 a year. The US average is $69,021 a year.