Townsend, MT is a small town located in the south western part of Montana. It is known for its great outdoor activities such as fishing and hunting, while also offering plenty of urban amenities. The cost of living in Townsend is much lower than the US average. For example, 2 bedroom rent in Townsend is only $990 compared to $1,430 on average in the US. Similarly, the grocery cost index stands at 99 versus 100 in the US. There are several local companies here such as Triple Creek Outfitters which offers guided tours and outdoor adventures, Peterson's Meat Market that provides fresh local products and produce as well as Big Sky Fencing that specializes in fencing services for both residential and commercial properties.
Townsend has an unemployment rate of 5.4%. The US average is 6.0%.
Townsend has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Townsend
- The Sales Tax Rate for Townsend is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Townsend 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 Townsend
- The average income of a Townsend resident is $28,958 a year. The US average is $37,638 a year.
- The Median household income of a Townsend resident is $60,587 a year. The US average is $69,021 a year.