Quick facts: Park city, MT

Quick Facts

104.7
Cost of Living
above US average
1,022
Population
48.92
Crime Rate per 1000
above US average
$61,875
Median Income
below US average
$210,000
Median House Price
above US average
$1535
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
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 $61,875.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $210,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $61,875
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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 $61,875
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Park city, MT

Park City is a small rural community located in Montana, primarily known for its picturesque landscapes and outdoor recreational opportunities. Situated in the scenic Big Sky Country, it offers a tranquil atmosphere surrounded by rolling hills and stunning mountain views. With a population of around 150 residents, Park City embodies a tight-knit community feel. While it may not have the bustling activities of larger urban areas, residents and visitors can enjoy a variety of outdoor pursuits, including hiking, fishing, and hunting. The area's natural beauty attracts nature lovers and outdoor enthusiasts all year round. In the winter months, nearby ski resorts offer opportunities for skiing and snowboarding. The local culture reflects Montana's rich history and traditions, often showcasing local events, seasonal activities, and opportunities to engage with the outdoors. Parks, trails, and local hotspots provide a serene environment ideal for those looking to escape the fast pace of city life. While Park City might be small, its charm and the surrounding landscapes make it a hidden gem in the heart of Montana.

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