Park City, MT vs Red Lodge, MT

Park City, MT and Red Lodge, MT have a very similar cost of living, with only a 3.8% difference in their overall index. Park City scores 83 while Red Lodge scores 87 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Park City is $1,091/month compared to $805/month in Red Lodge — a 36% difference. Interestingly, home values tell a different story: while Red Lodge has cheaper rent, Park City actually has lower median home values ($228,700 vs $374,900).

Median household income in Park City is $73,750 compared to $43,857 in Red Lodge (+68.2%). Park City offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Park City spend roughly 17.8% of their income on rent, less than the 22% in Red Lodge.

Climate-wise, both cities share similar average temperatures (48.2°F vs 48.2°F). Red Lodge receives more rainfall at 14.3" per year compared to 14.3" in Park City.