Cost of Living in Savage, MT

With a cost of living index of 71, Savage, MT is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 17% below the Montana state average of 89. Savage is a small community of 244 residents.

Housing costs are the biggest factor in Savage's cost of living. The median monthly rent is $667 (49% below the US median of $1,319), and the median home value sits at $225,000 (26% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Savage is $87,083, which is 16% higher than the national median of $75,149. Residents spend roughly 9% 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 Savage. The area sees an average annual temperature of 43.3°F, with summers averaging 67°F and winters around 19°F. Annual rainfall totals 17.5 inches spread over roughly 102 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.