Ah, Montana, the land of majestic mountains, big skies, and... rapidly emptying wallets? Let’s saddle up and take a ride through the wild terrain of living wages in the Treasure State.

The Not-So-Golden Nuggets of Data

According to the MIT Living Wage Calculator, a single Montanan needs to earn $20.37 per hour. That’s about $42,370 annually, to cover basic expenses like housing, food, and transportation. Meanwhile, Montana's minimum wage will climb to $10.55 per hour in 2025, bringing in roughly $21,944 annually. That’s just over half of what’s considered livable. It’s no wonder some folks joke about living off the land. They might not have a choice soon! NOTE: I've considered raising chickens just to save money on therapy costs. I can simply talk to my chickens about my problems and they also make me food.

Years Of Economic Decline Leave One Third Of Atlantic City's Resident In Poverty
Getty Images
loading...

Inflation: The Uninvited Guest

Since 2021, Montana's cost of goods and services has jumped 22%, outpacing the national average. Even if your paycheck has grown, it’s likely being gobbled up by inflation faster than a grizzly at a campground potluck.

Housing: More Expensive Than Many Can Afford

The median home price in Montana is now $646,975, an 85% increase over the past five years. Renters aren’t catching a break either; the average rent for a one-bedroom sits around $724, though you’ll need a search party to find anything under $1,000 in Bozeman or Missoula.

Inflation Rate Holds Steady, Monthly Data Shows
Getty Images
loading...

Groceries, Utilities, and the Daily Grind

Between $297 per month for utilities and $331 per month for groceries, basic necessities are starting to feel like luxury items. And don’t even get me started on the price of steak. Montanans deserve better than a veggie burger at their next barbecue.

How to Survive the Big Sky Pinch

  • Side Hustles: I am no stranger to side hustles. When someone offers you money for something you don't mind doing outside of work, you say "YES." I call BINGO every week downtown for extra dough.
  • Budgeting: Maybe it is time to quit racking up a $200 bar tab every week.

Montanans are tough and resourceful, but even the hardiest among us deserve a break. Until then, keep laughing and stretching those dollars like your fishing line is snagged on a 20-pound trout.

The Pros and Cons of Living in Montana

Sometimes a place's strengths are the same as its weaknesses.

More From Newstalk KGVO 1290 AM & 98.3 FM