Philipsburg, MT vs Red Lodge, MT

Philipsburg, MT and Red Lodge, MT have a very similar cost of living, with only a 3.2% difference in their overall index. Philipsburg scores 84 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 Philipsburg is $871/month compared to $805/month in Red Lodge — a 8% difference. Interestingly, home values tell a different story: while Red Lodge has cheaper rent, Philipsburg actually has lower median home values ($304,200 vs $374,900).

Median household income in Philipsburg is $40,096 compared to $43,857 in Red Lodge (-8.6%). While Red Lodge is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Philipsburg spend roughly 26.1% of their income on rent, more than the 22% in Red Lodge.

Climate-wise, Red Lodge is notably warmer with an average of 48.2°F compared to 43°F in Philipsburg. Red Lodge receives more rainfall at 14.3" per year compared to 12.1" in Philipsburg.