Billings, MT Metro Area is an ideal place to live for those looking for a cost-effective lifestyle. The 2 bedroom rent in the area is much lower than the national average at $1,050 compared to $1,430. Additionally, grocery costs are also cheaper with a Grocery Cost Index of 101 versus 100 in the US. This makes it easier for families to save money and plan their budget accordingly. It is also great for those looking for employment opportunities as there are many local companies that offer jobs. Examples of such companies are Montana State University Billings, St Vincent Healthcare, Albertsons Companies LLC and Husky Energy Inc., among many others. Furthermore, it provides great career opportunities in various industries such as healthcare, finance, engineering and manufacturing. With its low cost of living and numerous job opportunities available in the area, Billings Metro Area is definitely an attractive place to settle down.
Billings Metro Area has an unemployment rate of 4.1%. The US average is 6.0%.
Billings Metro Area has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Billings Metro Area
- The Sales Tax Rate for Billings Metro Area is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Billings Metro Area 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 Billings Metro Area
- The average income of a Billings Metro Area resident is $28,823 a year. The US average is $28,555 a year.
- The Median household income of a Billings Metro Area resident is $65,788 a year. The US average is $69,021 a year.