In the small town of Dodson, Montana (population 59524), the cost of living is substantially lower than in other parts of the country. The average 2-bedroom rental rate is only $730 per month--well below the US average of $1430 per month. Similarly, groceries in Dodson are about 5% cheaper than they are on a national level--with an index rating of 95 compared to the US at 100.
This news could be beneficial for local businesses in the Dodson area. Companies such as Big Sky Lumber and Ace Hardware, which sell construction materials and home improvement goods, could use this fact to attract customers who are looking to relocate to a more affordable area while still keeping their current job or lifestyle. Additionally, grocery stores such as S & K Market could use this information to draw customers who want savings on everyday items. Information like this allows local businesses to make strategic decisions that benefit both them and their customers.
Dodson (zip 59524) has an unemployment rate of 5.5%. The US average is 6.0%.
Dodson (zip 59524) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 13.8%, which is lower than the US average of 33.5%.
Tax Rates for Dodson (zip 59524)
- The Sales Tax Rate for Dodson (zip 59524) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Dodson (zip 59524) 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 Dodson (zip 59524)
- The average income of a Dodson (zip 59524) resident is $14,703 a year. The US average is $28,555 a year.
- The Median household income of a Dodson (zip 59524) resident is $36,667 a year. The US average is $69,021 a year.