Charlo, MT Economy


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United States / Montana / No Metro Area / Lake County / Charlo / Zip Codes
Charlo, MT is a small town located in Montana with a population of only around 700. Despite its size, Charlo provides many modern amenities and attractions that make living there an enjoyable experience. The average rent for a two bedroom apartment is $900 per month compared to the national average of $1,430, making it one of the most affordable places to live in the area. The Grocery Cost Index in Charlo is 104 versus the national index of 100, meaning groceries are slightly more expensive than average.
Local businesses include Bison Creek Paint & Body Shop which offers auto repair services and Parts Plus which provides tires and parts. Charlo also has several restaurants including Pappy's Bar & Grill which serves classic American cuisine and Gulliver's Pizza for Italian flavors. Other features of Charlo include trails for hiking and biking throughout the year as well as nearby lakes for fishing or swimming during the summer months. For those looking for a quiet yet affordable place to live with close proximity to outdoor activities, Charlo is definitely worth considering!

Charlo has an unemployment rate of 5.0%. The US average is 6.0%.

Charlo has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.

Tax Rates for Charlo
- The Sales Tax Rate for Charlo is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Charlo 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 Charlo
- The average income of a Charlo resident is $25,320 a year. The US average is $37,638 a year.
- The Median household income of a Charlo resident is $34,219 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCharlo, MontanaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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