Zip 59832 (Drummond, MT) Economy


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United States / Montana / No Metro Area / Granite County / Drummond / Drummond (zip 59832)
59832 Drummond, MT is an ideal place to live for those seeking an affordable cost of living. The 2 bedroom rent in this area is $840 compared to the US average of $1,430. Additionally, the Grocery Cost Index in this area is 97 compared to 100 in the US which further emphasizes the affordability of living in Drummond. Popular local businesses include Kountry Korner Restaurant & Bar and Drummond Hardware & Lumber Co Inc. The overall cost of living in Drummond is significantly lower than more urban areas due to its small population and rural location making it an attractive option for those looking to save money without sacrificing amenities.

Drummond (zip 59832) has an unemployment rate of 5.7%. The US average is 6.0%.

Drummond (zip 59832) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.

Tax Rates for Drummond (zip 59832)
- The Sales Tax Rate for Drummond (zip 59832) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Drummond (zip 59832) 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 Drummond (zip 59832)
- The average income of a Drummond (zip 59832) resident is $21,750 a year. The US average is $28,555 a year.
- The Median household income of a Drummond (zip 59832) resident is $53,365 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDrummond, MontanaUnited States
  5.76
  -8.4%-6.2%
  33.2%33.5%
  0.0%6.2%
  6.9%4.6%
  $39,283$37,638
  $53,365$69,021
  $67,333$85,028
  Population by Occupation
  10.3%1.2%
  0.0%0.5%
  4.4%6.8%
  0.9%10.0%
  0.0%2.5%
  18.5%11.0%
  2.9%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  2.9%7.6%
  0.0%0.1%
  1.2%4.2%
  25.3%9.3%
  12.1%14.0%
  0.0%2.1%
  17.9%7.0%
  1.5%4.8%
  2.1%4.7%
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