59068 Red Lodge, MT is a small town located in the foothills of the Beartooth Mountains. It's a great place to settle down and enjoy a slower pace of life. In terms of rent, a two-bedroom apartment will cost you around $950 per month. This is significantly lower than what it would cost on average throughout the US ($1,430). Additionally, the grocery cost index in Red Lodge is 101 compared to 100 in the US, which means groceries are slightly more expensive than the national average.
Red Lodge has several locally owned businesses that provide goods and services to its residents. Some of these include The Old Jailhouse Bar & Grill for food and drinks, Big Sky Outfitters for outdoor equipment, Rocky Mountain Hardware for home goods, Beartooth Bookstore for books and magazines, and Black Jack Sports Shop for sporting goods. All of these businesses offer quality products at great prices unique to the area.
Red Lodge (zip 59068) has an unemployment rate of 4.4%. The US average is 6.0%.
Red Lodge (zip 59068) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Red Lodge (zip 59068)
- The Sales Tax Rate for Red Lodge (zip 59068) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Red Lodge (zip 59068) 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 Red Lodge (zip 59068)
- The average income of a Red Lodge (zip 59068) resident is $41,035 a year. The US average is $37,638 a year.
- The Median household income of a Red Lodge (zip 59068) resident is $51,744 a year. The US average is $69,021 a year.