Cost of Living in Fox Lake, MT

With a cost of living index of 78, Fox Lake, MT is a very affordable place to live. Living here is 23% cheaper than the national average and 11% below the Montana state average of 89. Fox Lake is a small community of 173 residents.

Housing costs are the biggest factor in Fox Lake's cost of living. The median monthly rent is $1,100 (17% below the US median of $1,319), and the median home value sits at $140,600 (54% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Fox Lake is $81,458, which is 8% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Fox Lake. The area sees an average annual temperature of 40.5°F, with summers averaging 66°F and winters around 14°F. Annual rainfall totals 14.2 inches spread over roughly 105 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.