The cost of living index in Hamilton, MT, shows that housing costs are 15% below the nationwide average. While utilities are also slightly lower at 10% below average, other expenses such as healthcare rise by 10%, and miscellaneous costs are 8% below average. Overall, the cost of living in Hamilton is competitive and offers certain savings, particularly in housing and utilities, while healthcare stands out as more expensive.
The cost of living index in Hamilton, Montana, offers a favorable comparison to the nationwide average, which is set at 100. For housing, Hamilton residents enjoy an index of 85, meaning their housing costs are about 15% lower than the national average. This reduction in housing expenses can make it easier for families and individuals to find affordable living arrangements in the area.
Additionally, Hamilton scores slightly below the national average in other essential areas. Groceries cost about 5% less, with an index of 95, while utilities come in at 90, meaning they are 10% less than the average. Transportation costs align exactly with the national average at 100, indicating no significant difference in this area. However, healthcare costs are slightly higher, standing at 110, which means they are 10% above the national average. Miscellaneous expenses also follow a similar trend with an index of 92, which is 8% below the average. Overall, Hamilton provides a cost-effective living environment, particularly beneficial for those looking to manage their budget efficiently.
