Quick facts: Missoula, MT

Quick Facts

104.7
Cost of Living
above US average
76,955
Population
41.1
Crime Rate per 1000
above US average
$59,783
Median Income
below US average
$539,000
Median House Price
above US average
$1728.33
Average Rent
above US average
10%
Poverty Rate
below US average
3.4%
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 $59,783.

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Income Needed to Buy

βœ— Stretch
$169k/year
Based on $539,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $169k vs median $59,783
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Income Needed to Rent

⚠ Stretch
$74k/year
Based on $1728.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $74k vs median $59,783
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Missoula, MT

Missoula, Montana, is a vibrant city nestled in the scenic Missoula Valley, surrounded by the breathtaking Rocky Mountains. Known for its outdoor recreational opportunities, the city offers hiking, fishing, and skiing, making it a haven for nature lovers. The Clark Fork River runs through the city, providing picturesque views and water activities. With a population of around 75,000, Missoula boasts a dynamic cultural scene. It is home to the University of Montana, which contributes to the city's youthful vibe and academic atmosphere. The campus adds to the local art, music, and theater scene, with numerous events and festivals held throughout the year. Missoula's downtown area is lively, featuring a mix of local shops, restaurants, and breweries, showcasing Montana's craft beer culture. The city also prioritizes sustainability, with initiatives promoting green spaces and community engagement. Overall, Missoula is a blend of stunning natural beauty, rich culture, and outdoor adventure, making it a unique destination for residents and visitors alike.

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