Cost of Living in Wisdom, MT

With a cost of living index of 77, Wisdom, MT is a very affordable place to live. Living here is 23% cheaper than the national average and 12% below the Montana state average of 89. Wisdom is a small community of 117 residents.

The median household income in Wisdom is $58,370, which is 22% lower than the national median of $75,149. Residents spend roughly 13% 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 Wisdom. The area sees an average annual temperature of 38.7°F, with summers averaging 59°F and winters around 19°F. Annual rainfall totals 10.1 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.