Quick facts: Augusta, MT

Quick Facts

104.7
Cost of Living
above US average
215
Population
23.26
Crime Rate per 1000
above US average
$41,118
Median Income
below US average
$99,000
Median House Price
above US average
$1535
Average Rent
above US average
10%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $41,118.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($41,118) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1535/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $41,118
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Augusta, MT

Augusta is a small, serene town located in Teton County, Montana. Nestled at the foothills of the Rocky Mountains, it offers a picturesque landscape characterized by rolling hills, vibrant wildflower meadows, and stunning mountain views. With a population of just around 400 residents, Augusta is known for its tight-knit community and rural charm. Outdoor enthusiasts will appreciate the plethora of recreational activities available in the area, including fishing in the nearby Sun River, hunting, hiking, and birdwatching. The town is also close to the Lewis and Clark National Forest, providing ample opportunities for camping and exploring nature. Augusta is rich in history and offers a glimpse into Montana's past, with its historic buildings and local museums. The annual events, such as the Augusta Rodeo, reflect the area’s agricultural heritage and community spirit. Overall, Augusta, MT is a perfect destination for those seeking tranquility, natural beauty, and a taste of authentic Montana life.

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