Cost of Living in Silver Gate, MT
Population: 94 | Montana
Silver Gate is 19% more expensive than the national average.
Cost of Living in Silver Gate, MT: What You Need to Know
With a cost of living index of 119, Silver Gate, MT is a notably expensive place to live. Living here is 19% more expensive than the national average and 30% above the Montana state average of 89. Silver Gate is a small community of 94 residents.
The median household income in Silver Gate is $250,001, which is 233% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.
Climate is another factor for anyone considering a move to Silver Gate. The area sees an average annual temperature of 32°F, with summers averaging 52°F and winters around 13°F. Annual rainfall totals 23.1 inches spread over roughly 160 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.
Income
- Median Household Income
- $250,001
- vs US Median ($75,149)
- +233%
Housing
- Median Home Value
- $562,500
- Median Monthly Housing Cost
- $3,000/mo
Climate in Silver Gate
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 23 | 26 | 35 | 41 | 51 | 61 | 72 | 71 | 61 | 46 | 32 | 23 |
| Avg °F | 12 | 14 | 21 | 29 | 38 | 47 | 56 | 54 | 45 | 34 | 22 | 13 |
| Low °F | 1 | 1 | 8 | 17 | 26 | 33 | 39 | 37 | 30 | 22 | 11 | 3 |
| Rain" | 1.8 | 1.7 | 1.9 | 2.3 | 2.4 | 2.4 | 1.5 | 1.3 | 1.6 | 1.9 | 2.1 | 2.4 |