The city of Billings, Montana is an interesting place to live due to its low cost of living. The 2 bedroom rent in Billings is only $1,150 compared to the US average of $1,430. This low rental rate is beneficial for those who need affordable housing. Furthermore, grocery cost index in Billings is 101 compared to the US average of 100, indicating that the food costs are also lower than most places.
Having a low cost of living does not mean it lacks business opportunities. In fact, some large companies have chosen Billings as their homebase and have had a significant impact on the local economy. Large companies like Russell Country Financial Corporation or First Interstate Bank provide plenty of job opportunities and help strengthen the local economy. Smaller businesses such as Primrose Retirement Communities or Keller Williams Realty also contribute greatly to the local economy by providing additional job opportunities and services for residents. Overall, these larger and smaller companies in Billings are helping create an environment where people can build successful careers and lives.
Billings (zip 59102) has an unemployment rate of 4.1%. The US average is 6.0%.
Billings (zip 59102) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Billings (zip 59102)
- The Sales Tax Rate for Billings (zip 59102) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Billings (zip 59102) 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 (zip 59102)
- The average income of a Billings (zip 59102) resident is $29,730 a year. The US average is $28,555 a year.
- The Median household income of a Billings (zip 59102) resident is $65,502 a year. The US average is $69,021 a year.