Cost of Living in Reed Point, MT

With a cost of living index of 83, Reed Point, 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. Reed Point is a small community of 113 residents.

The median household income in Reed Point is $79,375, which is 6% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Reed Point. 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.

Everyday prices in the Billings, MT (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.