We all know that living in Montana isn’t cheap. The last few years have only made it more difficult to make a living while keeping up with the increased costs of housing. Places like Bozeman and Missoula are very expensive and several Montanans are finding themselves being “priced out” of those cities.
For years, we’ve heard about the middle-class and how it’s the backbone of the country.
Folks who work hard, pay a mortgage each month, try to put a little away for a rainy day, while attempting to save for retirement and the kid’s college fund. Of course, there is the yearly family vacation and the new car every 6 years or so.
So what is considered middle class in Montana? For our little experiment, we’ll take a look at the 3 biggest cities in the state. Bozeman, Billings, and Missoula.
According to the middle-class calculator from cnn.money.com, the middle-class income for Bozeman and Gallatin County is between just over 37 thousand to 113 thousand dollars per year. Yet, the average home will cost you 739 thousand dollars based on information from realtor.com.
How about Billings and Yellowstone Country? According to the calculator middle-class would be just over 34 thousand up to 104 thousand