Cost of Living in Townsend, MT

With a cost of living index of 79, Townsend, MT is a very affordable place to live. Living here is 21% cheaper than the national average and 9% below the Montana state average of 89. Townsend is a small community of 2,232 residents.

Housing costs are the biggest factor in Townsend's cost of living. The median monthly rent is $976 (26% below the US median of $1,319), and the median home value sits at $212,800 (30% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Townsend is $70,774, which is 6% lower than the national median of $75,149. Residents spend roughly 17% 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 Townsend. The area sees an average annual temperature of 45.5°F, with summers averaging 67°F and winters around 25°F. Annual rainfall totals 11.4 inches spread over roughly 91 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Helena, 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.