“Rising Cost Of Living Hits Home Buyers, Working Poor” was the byline printed in the Bozeman Daily Chronicle. This is the local paper here in Bozeman, MT. According to the statistics that they gathered the overall cost of living is 1.9% above the national average. The housing costs are 12.8% higher and climbed 3.4% between the 3rd and 4th final quarters of last year.
Average cost of a home in Gallatin County is $285,750
It says that a 3 Bedroom condo can be had for “as little as” $160,000.
The median, not average, income in Bozeman is $46,000, but almost 30% of the people earn less than $25,000 / yr.
The last time I checked, the average cost of a home in Texas is about $140,000 with median incomes being significantly higher than $25,000 / yr.
Let’s also not forget that Montana has the highest state tax in the country. Dollar for Dollar, I’ll still take Texas.
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