Cost of Living in Alder, MT

With a cost of living index of 90, Alder, MT is slightly more affordable than average. Living here is 10% cheaper than the national average and in line with the Montana state average. Alder is a small community of 108 residents.

Housing costs are the biggest factor in Alder's cost of living. The median monthly rent is $717 (46% below the US median of $1,319), and the median home value sits at $436,400 (43% above the national median of $304,900). At current prices, the median home costs roughly 11.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Alder is $39,167, which is 48% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.