Philipsburg, MT is a great place to settle down. With a population of 59858, Philipsburg is a small town with a big heart. One of the most attractive factors for those looking to move to Phillipsburge is the cost of living;2 bedroom rent comes in at just $810 which is significantly lower than the US national average of $1,430. The Grocery Cost Index is also lower than the national average with Philipsburg scoring 99 versus the US score of 100.
The local economy in Philipsburg is driven by several small businesses such as The Granite Shop Inc., Grizzly Peak Mining LLC, and Montana Heritage Bank. These companies help to keep Philipsburg humming despite its small size and relatively low population. All in all Philipsburg is a great place to live with its low cost of living and strong local economy making it an attractive option for those looking for something off the beaten path!
Philipsburg (zip 59858) has an unemployment rate of 5.7%. The US average is 6.0%.
Philipsburg (zip 59858) 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 Philipsburg (zip 59858)
- The Sales Tax Rate for Philipsburg (zip 59858) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Philipsburg (zip 59858) 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 Philipsburg (zip 59858)
- The average income of a Philipsburg (zip 59858) resident is $27,436 a year. The US average is $28,555 a year.
- The Median household income of a Philipsburg (zip 59858) resident is $43,750 a year. The US average is $69,021 a year.