MT · Rank 44 of 50 affordable
Can teachers afford to live in Montana?
Tight, but workable.
The average Montana teacher earns $59,305 per year. A typical 2-bedroom rents for about $1,624/mo, which is 33% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$59,305
Cost-of-Living Index
95.5
US avg = 100
Affordability Score
40/100
Renting in Montana
2BR Rent / mo
$1,624
Annual Rent
$19,482
% of Salary
33%
Left after rent
$3,319/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Montana
Median Home Price
$401,100
10% Down
$40,110
P&I (7%, 30yr)
$2,402/mo
Full PITI
$2,886/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.