Cost of Living in Wyola, MT

With a cost of living index of 69, Wyola, MT is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 20% below the Montana state average of 89. Wyola is a small community of 264 residents.

Housing costs are the biggest factor in Wyola's cost of living. The median monthly rent is $559 (58% below the US median of $1,319), and the median home value sits at $232,700 (24% below the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Wyola is $48,750, which is 35% lower than the national median of $75,149. Residents spend roughly 14% 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 Wyola. The area sees an average annual temperature of 45.4°F, with summers averaging 67°F and winters around 25°F. Annual rainfall totals 14.9 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.