Butte-Silver Bow, MT Metro Area is a thriving community with a strong economy. The cost of living in this area is quite affordable compared to the US average – rental prices for a two bedroom apartment are $900 compared to $1,430 nationally. Similarly, grocery costs are relatively low in Butte-Silver Bow; the Grocery Cost Index for the area is 101 versus 100 in the US.
The local economy supports many businesses and industries, including mining, manufacturing, healthcare and education. There are several major companies that have facilities in Butte-Silver Bow Metro Area such as Montana Resources, NorthWestern Energy Corporation, Western Antique Aeroplane & Automobile Museum and Butte School District 1. These companies all help to contribute to a vibrant economic activity within the metro area.
Butte-Silver Bow Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.
Butte-Silver Bow 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 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Butte-Silver Bow Metro Area
- The Sales Tax Rate for Butte-Silver Bow Metro Area is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Butte-Silver Bow 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 Butte-Silver Bow Metro Area
- The average income of a Butte-Silver Bow Metro Area resident is $23,698 a year. The US average is $28,555 a year.
- The Median household income of a Butte-Silver Bow Metro Area resident is $50,331 a year. The US average is $69,021 a year.