Retire in Missoula

Affordability

Find out how much it costs to live in Missoula.

Cost of Living

Kiplinger Rating:

Least Tax-Friendly

State Income Tax:

1-6.9%

Social Security Tax?

Mixed

County + State Sales Tax

0%

Property Tax Rate *

0.9%

Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *

1250

* 2008-2010

Cost of Living Index (100=average):

107.1

Housing + transportation costs as % of income:

52%

Tax Details

State Sales Tax Breaks for Seniors:

None

Pensions Taxed?

Mixed

Tax burden: % income going to state and local taxes:

8.7%

Inheritance and estate taxes (per Kiplinger):

None

Taxing of other retirement income (per Kiplinger):

Mixed

Property Tax Break for Seniors (per Kiplinger):

Any homeowner or renter 62 or older can apply for a refundable income tax credit worth up to $1,000 if they have lived in Montana for nine months, occupied a residence for six months and have a gross household income of less than $45,000.\n

 

For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

Real Estate

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Real Estate overview not available for Missoula

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Work Potential

  • Area
  • National Average

5 Largest Companies

  • University of Montana
  • St. Patrick Hospital
  • Missoula County Public Schools
  • Community Medical Center
  • DirecTV Customer Service

GDP Growth Last 3 Years

8.8%

Income Growth Last 3 Years

9.9%

Employment Growth Last 3 Years

3.5%

Top Industries Hiring

  • Retail trade
  • Other services (except public administration)
  • Professional, scientific, and technical services
  • Construction
  • Manufacturing

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

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