Libby, MT, has a cost of living index that is slightly below the nationwide average. The overall cost of living index for Libby is 94, which is 6% lower than the national average of 100. This means that, on average, residents in Libby can expect to pay less for most goods and services compared to the average American.
Specifically, Libby's housing index stands at 89, which is 11% lower than the national average. This suggests that housing costs in Libby are notably cheaper. Groceries, utilities, and healthcare also fall below the national average, though by smaller margins. Transportation and miscellaneous costs are slightly higher, but the overall cost of living remains favorable.
Libby, Montana, offers a cost of living that is slightly below the nationwide average. The housing index in Libby stands at 89, which is 11% lower than the national average of 100. This suggests that housing expenses in Libby are more affordable compared to the rest of the country. Additionally, the groceries index is 97, which is 3% lower than the national average. This indicates that grocery costs are relatively competitive, making it easier for residents to manage their food budgets.
The utilities index in Libby is 94, which is 6% below the national average. This means that residents can expect to pay less for their utilities, providing some financial relief. Transportation costs in Libby are slightly higher, with an index of 98, which is 2% above the national average. However, the healthcare index is 90, which is 10% lower than the national average, suggesting that healthcare expenses are more affordable in Libby. Lastly, the miscellaneous index is 92, which is 8% below the national average, indicating that other miscellaneous expenses are also more affordable in Libby compared to the nationwide average.
