Quick facts: Lincoln, MT

Quick Facts

104.7
Cost of Living
above US average
21,525
Population
2.32
Crime Rate per 1000
below US average
$44,593
Median Income
below US average
$495,000
Median House Price
above US average
$1535
Average Rent
above US average
10%
Poverty Rate
below US average
5.6%
Unemployment Rate
above 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 $44,593.

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Income Needed to Buy

βœ— Stretch
$155k/year
Based on $495,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $155k vs median $44,593
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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 $44,593
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lincoln, MT

Lincoln is a charming small town located in Lewis and Clark County, Montana, nestled in the picturesque Rocky Mountains. With a population of just around 1,000 residents, Lincoln offers a tight-knit community vibe and a laid-back lifestyle. The town is surrounded by stunning natural beauty, making it a haven for outdoor enthusiasts. Popular activities include hiking, fishing, and camping, with nearby attractions such as the Helena National Forest and the Blackfoot River. Lincoln is also known for its rich mining history, which can be explored through local historical sites and museums. The town's economy is primarily supported by tourism, agriculture, and recreation, with quaint shops and local eateries contributing to its unique character. Additionally, Lincoln hosts several annual events that bring the community together, such as the Lincoln Summer Festival and various rodeos. The serene environment, coupled with friendly locals and an abundance of outdoor activities, makes Lincoln a delightful spot for both visitors and residents alike. Whether you're looking for adventure or a peaceful retreat, Lincoln is a hidden gem in Montana's vast wilderness.

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