Polson, MT Cost Of Living
Cost Of Living In Polson, MT Summary
Cost of living in Polson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Polson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Montana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Polson is 93, with 100 being the average.
The cost of living index in Polson is 0.9x lower than the national average.
Polson ranks as the #6 cheapest in Montana out of 23.
Polson ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Polson is $217,700.
The median income in Polson is $45,565.
Table Of Contents
Polson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Polson, MT?
According to the most recent data on the cost of living, Polson has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Montana, Polson has a cost of living index that's 0.9x lower than Montana's index of 103.
The standard of living in Polson ranks as #6 most affordable out of the 23 places we measured in Montana. By definition, that implies Polson ranks as the #17 most expensive place in the Treasure State.
For more reading on life in Polson, check out:
- Living In Polson
- Polson Crime Report
- Search Homes For Sale In Polson, MT
In Montana
In America
Polson Cost Of Living Vs. Montana
Six factors go into calculating the cost of living index in Polson. Here is how it fairs on each of the criteria:
The Services index in Polson is 96.
The Groceries index in Polson is 102.
The Health index in Polson is 102.
The Housing index in Polson is 89.
The Transportation index in Polson is 94.
The Utilities index in Polson is 89.
| Living Expense | Polson | Montana | National Average | |
|---|---|---|---|---|
| Overall | 93 | 103 | 100 | |
| Services | 96 | 102 | 100 | |
| Groceries | 102 | 101 | 100 | |
| Health | 102 | 98 | 100 | |
| Housing | 89 | 107 | 100 | |
| Transportation | 94 | 111 | 100 | |
| Utilities | 89 | 89 | 100 | |
Polson, MT Housing Cost Breakdown
Housing swings affordability the most between places in Montana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Polson is $217,700.
The Median Rent in Polson is $781.
The Median Income in Polson is $45,565.
The Home Value To Income in Polson is 4.8x.
The Rent To Monthly Income in Polson is 0.21x.
| Statistic | Polson | Montana | United States |
|---|---|---|---|
| Median Home Value | $217,700 | $263,700 | $244,900 |
| Median Rent | $781 | $886 | $1,163 |
| Median Income | $45,565 | $60,560 | $69,021 |
| Home Value To Income | 4.8x | 4.4x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Polson, MT Costs By Category
Detailed Polson Services Costs Vs. Montana
Detailed Polson Groceries Costs Vs. Montana
Detailed Polson Health Costs Vs. Montana
Detailed Polson Transportation Costs Vs. Montana
Detailed Polson Utilities Costs Vs. Montana
Polson SnackAbility
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Cost Of Living In Cities Around Polson
The cost of living varies in the cities and towns around Polson. Here's a quick look at the cost of living in the most populous nearby places:
Forest Hill, TX has a cost of living index of 90, 1.0x Polson.
Evergreen, MT has a cost of living index of 94, 1.0x Polson.
Columbia Falls, MT has a cost of living index of 95, 1.0x Polson.
| City | Population | Cost Of Living | Vs. Polson |
|---|---|---|---|
| Forest Hill, TX | 13,797 | 90 | 1.0x |
| Evergreen, MT | 7,988 | 94 | 1.0x |
| Columbia Falls, MT | 5,304 | 95 | 1.0x |
