Cost of Living in Lincoln, MT
Housing
The housing market plays a significant role in determining the cost of living in Lincoln, MT.
- Housing Index: 102 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $1535 per month
- Average Rent (2 BR House): $1668 per month
Considering a move to Lincoln, MT? The housing index is currently at 102, indicating the market is either very stable or in its infancy. The median home price stands at a competitive 250000, which suggests homeownership is achievable for many. However, it's essential to note the lack of data for average rent prices on both 2-bedroom apartments and houses, which may signal limited rental options. This situation can be ideal for buyers but warrants further research on rental availability—especially if you are not ready to purchase right away.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lincoln, MT.
- Electricity Price: $13.58 USD (median by state)
- Natural Gas Price: $8.31 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $233 per month
Living in Lincoln, MT could entail higher utility costs. Electricity costs sit at $13.58, while natural gas is priced at $8.31 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $233 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lincoln is a financially viable option for your relocation.