Cost of living in Sidney 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 Sidney 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 Sidney is 100, with 100 being the average.
The cost of living index in Sidney is 1.0x lower than the national average.
Sidney ranks as the #17 cheapest in Montana out of 23.
Sidney ranks as the #3,149 cheapest out of 6,412 in the US.
The median home value in Sidney is $248,000.
The median income in Sidney is $55,611.
According to the most recent data on the cost of living, Sidney has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to Montana, Sidney has a cost of living index that's 1.0x lower than Montana's index of 103.
The standard of living in Sidney ranks as #17 most affordable out of the 23 places we measured in Montana. By definition, that implies Sidney ranks as the #6 most expensive place in the Treasure State.
For more reading on life in Sidney, check out:
Six factors go into calculating the cost of living index in Sidney. Here is how it fairs on each of the criteria:
The Services index in Sidney is 101.
The Groceries index in Sidney is 101.
The Health index in Sidney is 115.
The Housing index in Sidney is 95.
The Transportation index in Sidney is 104.
The Utilities index in Sidney is 90.
|Living Expense||Sidney||Montana||National Average|
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 Sidney is $248,000.
The Median Rent in Sidney is $759.
The Median Income in Sidney is $55,611.
The Home Value To Income in Sidney is 4.5x.
The Rent To Monthly Income in Sidney is 0.16x.
|Median Home Value||$248,000||$263,700||$244,900|
|Home Value To Income||4.5x||4.4x||3.5x|
|Rent To Monthly Income||0.16x||0.18x||0.2x|