Springhill, MT is a small town in Montana with a population of around 1,500 people. It has a low cost of living compared to the United States as a whole, with the average two bedroom rental price being only $1,440 and the grocery cost index at 105 compared to 100 US. The town has various local businesses for residents to enjoy such as La Gringa Mexican restaurant, Hometown Inn motel and RV Park, Lamar’s Hardware Store and the Springhill Gift Shop. These local shops provide the community with goods and services that help strengthen the economic situation in Springhill.
Springhill has an unemployment rate of 3.0%. The US average is 6.0%.
Springhill has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 49.1%, which is higher than the US average of 33.5%.
Tax Rates for Springhill
- The Sales Tax Rate for Springhill is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Springhill 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 Springhill
- The average income of a Springhill resident is $31,912 a year. The US average is $28,555 a year.
- The Median household income of a Springhill resident is $84,712 a year. The US average is $69,021 a year.