Wyoming offers reasonable prices on homes, and they appreciate very quickly. Montana vs. Wyoming The Cost of Living will break down everything you need to know if you are thinking about moving to Montana or Wyoming. Affordable housing is almost nonexistent throughout much of the state. This is $128 less than the national average for health insurance in the United States. There are plenty of real estate opportunities where your nearest neighbor will be several miles away. Winter sports are huge here in the state. Like Bozeman, Missoula is affordable. Cost of living is used to determine how expensive one place is versus another. It is considered arid in Wyoming, but the spring and summer experience a lot fair amount of rain. Spokane Wyoming residents with group insurance and individual insurance visit the doctor 25% more than the national average. The table below lays out average cost ranges for different moving services depending on the size of your home. Montana tends to be greener and it has one larger city and multiple Universities. Helena When you live here, then these wide-open spaces become a place where you can settle down and embrace nature in a way that is ideal to you. Median listing home price: $899,900. Private school is not exorbitant in Wyoming and costs an average of $8,689 per year. No major metropolitan areas. Sales taxes in Wyoming are the third-lowest in the country, besides the 5 states that have none. The poverty wage for the same family is at $6.30, while the minimum wage is $7.25. Though, there is still much to love about Colorado, as it also has numerous outdoor recreational opportunities, in addition to beautiful landscapes, and a booming economy. Luckily, you dont have to spend a fortune to get your kids a great education in Wyoming. Aside from median housing prices, let's take a deeper look at how the cost of living compares in Wyoming vs. Colorado. According to reports, the city's median household salary is $51,240. Call Today 406-855-1884 2023 Western Agri Financial 500 West Bench Rd. As an Amazon Associate, I earn a small commission from qualifying purchases.If you would like information about homes and land for sale in Montana, Please contact us at any time!Phone: 406-249-1735Email: teammontanalife@gmail.comCheck out our website at https://montanaliferealty.comFollow Us on:Facebook: https://www.facebook.com/montanaliferealty/Instagram: https://www.instagram.com/montanaliferealtyteam/Pinterest: https://www.pinterest.com/montanalifereal/Twitter: https://twitter.com/WillMontanaLinkedIn: https://www.linkedin.com/in/willfriedner/Please Check out our Montana Real Estate Podcast : https://podcasts.apple.com/us/podcast/montana-real-estate/id1357159769#MontanaRealEstate #MontanavsIdaho #MontanaCostofLiving You will discover that the people living in Montana are generally quite friendly. Partner Exemptions for property taxes in Wyoming are not extremely high, and the average resident only saves $278 per year. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. The city's housing market has appreciated by 3.4 percent during the last year. It is easier to eyeball how much your spending will cost in Wyoming due to consistent tax rates. Below are the most relevant links to Montana Vs Wyoming Cost Of Living data. Portland It isnt the lowest cost in the country, but it is pretty close to it. The delegates of the state typically vote Republican, but it is not unusual to have a Democrat representing Montana in the senate either. If you get caught in a storm or stuck in the snow, chains arent always going to get you out of that predicament. The statewide average electrical bill in Wyoming is $85 per month, and thats $22 less than the national average. The states average rent prices range from $690 for a two-bedroom residence to $1,160 for four bedrooms. Casper 1. It will also help to keep at least three days worth of supplies in your vehicle. It is 1,015 km wide and 410 km tall. In Montana, the typical home is worth $219,600, $14,700 more than the national median home value of $204,900 . Colorado, on the other hand, has one of the lowest income taxes in the country. There is a total of 1,320 schools to choose from for parents in Wyoming. You can expect to pay $635 to rent a two-bedroom residence. Contact An amount below 100 means Wyoming is cheaper than the US average. The average private school tuition in Wyoming is approximately $8,689 per year. You can enjoy a day of horseback riding for $74 per person and touring the Grand Teton safari costs $125. Cheyenne 2. As such, it is commonly one of the main factors people use to decide where they want to settle down. Wyomings average effective property tax rate, or the annual taxes as a percentage of home value, is only 0.57%. Aside from median housing prices, lets take a deeper look at how the cost of living compares in Wyoming vs. Colorado. South Dakota ranks 28th in cost of living about in the middle of the pack. Cost of living is another important consideration. Just as diverse as their landscape, however, is its cost of living. 6. In Denver alone, the amount of money thats bid over the asking price is also at a record-high. This can be a significant factor for people who enjoy outdoor activities like hiking and skiing. Fashion trends operate the same way here in the state. Side-by-side comparison between Wyoming and Montana using the main population, demographic, and social indicators from the United States Census Bureau. Read more from, If you want to buy a home in the beautiful state of Montana, you will find that it is one of the highest residential home markets in the country. When it comes to comparing the costs of travel in Montana vs Wyoming, these two neighboring states will vary in price. This typically depends upon which city you call home. The average cost of rent in Worland, WY is $610 per month, and its $400 less than monthly ownership costs. An amount below 100 means Montana is cheaper than the US average. A small park of Yellowstone is also in Montana. Bathroom closets are often catch-alls for anything and everything remotely related to self-care. View future changes in the minimum wage in your location by visiting. The average price of health insurance in Wyoming is $6,854 per person or $27,414 for a family of four. I was surprised to see that according to this data base, Nebraska is far cheaper. Because the winters can be difficult here, it is almost 100% necessary to own a four-wheel drive vehicle to support your needs. In the city, the median home price is $388,000. Comparison Highlights During the COVID-19 pandemic, people flocked to the state at record rates and apartment-dwellers desired more square footage. The lack of state income tax makes Wyoming a dream for residents trying to make the most of their income. 8 Reasons to Move to Wyoming More than just stunning viewsthe cost of living, the jobs, the numerous ways to get outside and be healthy all make Wyoming a great place to live. Whether youre considering purchasing a home in Wyoming or Colorado, you must think about the property taxes in either state. Helena However, inventory all across the state is now even lower and developers cant build homes fast enough to meet the high demand. You can also run into bears or rattlesnakes, so it is wise to be cautious as you move about even if youre living in the city. Housing is the biggest factor in the cost of living difference. 1. If you prefer archery hunts to rifle hunts, these can be more challenging and more expensive. There is also no estate tax. You can get a decent education when you live in Montana. When it comes to rent, a two-bedroom home or apartment costs $775 on average while a four-bedroom rental is $1,260. Cost of Living in Virginia (Taxes, Housing & More), Cost of Living in Vermont (Taxes, Housing & More), Cost Of Living In Idaho (Taxes, Housing & More), $5,581 (Residents) $18,151 (Non-Residents), $4,170 (Residents) $10,110 (Non-Residents). Privacy policy Groceries do not have an additional tax, including candy and soda. Your Get free, zero-commitment quotes from pro contractors near you. You might experience a car battery that freezes and fails to start your vehicle thanks to the weather that you can find here. For this example, you can compare food costs for a more affordable city, Casper, and a more expensive city, Jackson. The state spends an average of $20,380 per student, much higher than the national average of $12,201. The average total personal consumption cost in Montana is $42,310 annually and breaks down to: In terms of monthly expenses, that's $3,525, on average. Montana would become a territory in 1864, but the rapid influx of people quickly stopped as the boomtowns disappeared when the gold ran out. Montana has several nicknames, although none are official, incl.. More The federal minimum wage is $7.25 per hour while Montana's state law sets the minimum wage rate at $9.95 per hour in 2023. 7. There are some people who see the state of Montana as a rugged wonderland that is filled with many outdoor adventures that are available throughout the year. If you have a love affair with beer and like to try different varieties, then youll love living in this state. I could not care less about the top 10, but the real gem in this study is how Wyoming compares to our neighbors in Colorado and Montana. (2022-11-23 salary.com) Montana is a tax . The state does maintain taxes on beer, liquor, wine and cigarettes, though. Groceries and prescription drugs come with no sales tax in Wyoming, and that is a lifesaver. Taxi trip in downtown (approx. If you are the type of person who enjoys staying informed on the latest trends and experimenting with them, then living in Montana is going to require a significant adjustment. Living in Wyoming is worth every cost, and that is why it is considered one of the best states to live in. Rock Springs 4. It would not take long after this expedition for fur trainers to begin setting up shop in the region, creating a thriving economy for them, but disease and decimation to the native populations. The housing market is not very strong, and it really never will be. Living Wage: $15.64 $31.83 $41.51 $55.25 $25.69 $30.79 $35.78 $40.19 $12.85 $18.01 $23.12 . 1-888-368-4689 As for individual income tax Montana is 21 and Wyoming again takes the top spot. 7143; Texas DMV Phone No. 11. The median home value in Wyoming is $251,970, and the overwhelming majority of residents own their houses. If you enjoy hiking, there are several one-day and two-day hiking tours that you can join with a guide. Homesnacks just shared their 10 Best States to Live In America for 2019 list. Lets take a look at median home prices and the percentage of homes in that range. For example, the property tax rate in Gilpin County is just 0.23%. Worland, Wyoming is the definition of small-town living, and it doesnt hurt that it is so cheap. Median home price and median income determine the 10 most affordable cities in Wyoming. Thinking about moving to another city? Our cost of living calculator assumes people spend around 19% of their income on miscellaneous expenses. If you own a home in your former location the sale of that home needs to be completed as well. If you decide to purchase a home in Wyoming, keep in mind the city you choose to live in. The Lewis and Clark Expedition of 1804-1806 would mark the first time that European explorers would set foot in the land that would eventually be called Montana. In fact, there are just 6.8 people per square mile here, compared with the national average of 87.4. Pocatello Housing costs are lower in Worland than in Washakie County, where the median home value is $165,500. Miners, cattle ranches, and supportive industries would remain, running into conflicts with local tribes that required the intervention of the U.S. Army. If you decide to rent a two-bedroom residence in the city, you can expect to pay $700 on average. Studio apartments in Montana average about $800 per month in rent. Although far down the list of most populous states, Montana has two cities ranked among Livability's 2018 Top 100 Best Places to Live. You can pretty much forget about the idea of public transportation. Related Guide:What Is The Cost of Living In Wyoming vs. Colorado? Housing is the biggest factor in the cost of living difference. But you might be struggling to figure out what kind of paint to use on garage walls. Sponsors are acknowledged. The following table features a more comprehensive look at the average monthly rental prices you can expect in some of Colorados cities: There are some noteworthy differences between the taxes in Wyoming versus the taxes in Colorado, outlined in detail below. As more people find Wyoming appealing, the competition for homes is increasing exponentially. We store towels, medicine, toiletry supplies, first-aid gear, massage devices, facial steamers, spare Painting your garage is a great way to improve the look of the space and make the walls easier to clean. Jessica considers herself a home improvement and design enthusiast. The assumption is the sole provider is working full-time (2080 hours per year). 8. Rental costs are comparatively cheap in Montana compared to the United States. In the category of groceries, Oregon residents pay a little less. Copyright 2009-2022, Allied Van Lines, Inc. All Rights Reserved.Site Map | Privacy Policy, Moving Timeline for Corporate Relocations, The Best Places to Live in Colorado: A Movers Guide, 7 Reasons to Consider Moving to Auckland, New Zealand, 6 Things You Should Know About Living in Ann Arbor. If you're looking for high cost of living, high cost of housing, extremely low income when compared to the national average, poor access to medical care, a complete absence of decent restaurants, ever-decreasing hunting opportunities, a half year long winter and tweakers all over the place looking to steal your shit then come on up. Montana vs. Wyoming The Cost of Living will break down everything you need to know if you are thinking about moving to Montana or Wyoming. Everyday items like food and clothing, as well as some large purchases like appliances and vehicles, will be more affordable in Montana. So, if you like your space, and love exploring in the natural wilderness, Montana could be the perfect state for you. Colorado's tax relief for retirees pales in comparison to what Wyoming offers. Even if someone doesnt know who you are, there is usually a friendly way of waiting for you when you pass on the road. (Real estate information provided by: Trulia.com and Bestplaces.net), Allied Van Lines, Inc. MC 15735 U.S. The median home price in Seattle is $550,500. The statewide average rent is $1,271, but, like Wyoming, prices vary based on the city you live in in the state. In Seattle, the median rent for a two-bedroom apartment or home is $1,180. This rate is the 10th lowest in the country and Wyoming homeowners pay an average of $1,352 in property taxes annually. If your home is worth more than $237,000, then you cannot qualify for any exemptions at all. Two-bedroom rentals are also under $1,000 per month, while single-family homes with three bedrooms or more average $1,200 per month in the state. On the other hand, Medicare Advantage enrollees see the doctor 40% less than the national average. There are more than 500 miles of interstate highway to diverse when you are taking the east-to-west journey across the state. Washakie County is where Worland is located, and the property tax rate is low at 0.66% of assessed home value. If you see a new trend happening in California or New York, there is an excellent chance that you will not get to experience whatever is hot right now for at least two years and that is assuming youll ever get to in the first place. We broke down that 19% as follows: Coeur d'Alene's median home price is $491,000. On our website, we have collected a lot of different data on the cost of living. This creates difficulty finding a vacancy, and it also produces high rental prices. Unless you decide to live in Helena and never want to leave, then you can forget about the idea of living in Montana without owning a vehicle. Living in same house 1 year ago, percent . See Listings $305,000 . There are also several private school options in Wyoming. It is a very different lifestyle than what you will find along the East or West Coast. Right now, there are over 421,000 licensed drivers in the state of Wyoming. Over the course of the last year, a lot of people have flocked into the state from bigger cities to enjoy the Wyoming way of life. Salary.com's Cost of Living Calculator lets you compare the cost of living and salary differentials of over 300+ US cities. Expect to pay $1,338 per year, on average, for car insurance premiums in Wyoming, but there are many factors. The Brawl of the Wild. Car insurance premiums vary based on personal driving history, gender, and how many licensed drivers are in your city. Besides the down payment, which is usually 15-20% of the selling price, there will be closing costs. The only real divide is between the people who decide to participate in these activities, and those who do not. The living wage in Montana is $16.32 per hour, which is the basic wage needed to pay for essentials such as housing, food, and necessities for an individual adult. These benefits, paired with Colorados stunning landscapes and outdoor lifestyle, is why so many people choose to relocate to the state. Census data reports that the median value of a home in Wyoming is $220,500. Photo by John Kakuk/Unsplash. No professional sports teams. New trends take forever to reach Montana compared to the rest of the country. Looks like this move could have a negative net change in disposable income. People who make their home in Billings will see a median home value of $280,200. If you decide to purchase a house in Montana, then you will want to learn how to live with the wildlife. For example, the sales tax rate in San Juan County is 9.4% but the rate in Boulder County is just 5%. 10. Colorado also has one of the lowest property tax rates in the country even lower than Wyoming. Butte's median home price is $145,300. There is plenty of things to do in Wyoming, and wildlife tours and horseback riding are among the most popular. The group ranked all 50 states based on weather, cost of living, crime, quality of health care, state and . During the last year, the city has seen its homes depreciate by around 0.7 percent. In Spokane, the median home price is $185,500. If you are in the middle of a road trip, then driving through Montana can seem like it takes forever. The state of Wyomings sales tax is tied for the second-lowest rate of any state that has a sales tax, at just 4%. It is imperative that you have the basic survival supplies needed for at least seven days when you have your home in the state. The average amount that a single family with two adults and one child spends on food per year is $8,639. Astoria They are currently 15 skin resorts in areas from which to choose, including the 5,800-acre Big Sky Ski Resort that gives you access to world-class runs at an affordable price. Healthcare costs will always vary on the cost of care and population insured. Let's take a quick look at the cost-of-living breakdown in Montana. Cost of living: The cost of living index in Bozeman is 111, which is 11 percent higher than the average cost of living in the U.S. (which is 100) and 13 in Montana (Montana's average cost of living is 98 percent compared to 100 in the U.S.).