Cost of Living in Emigrant, MT

With a cost of living index of 83, Emigrant, MT is a very affordable place to live. Living here is 17% cheaper than the national average and 6% below the Montana state average of 89. Emigrant is a small community of 387 residents.

The median household income in Emigrant is $44,375, which is 41% 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.

Climate is another factor for anyone considering a move to Emigrant. The area sees an average annual temperature of 45.5°F, with summers averaging 65°F and winters around 28°F. Annual rainfall totals 14.5 inches spread over roughly 106 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.