Tags: Retirement | retirement | Montana | affordable places

Most Affordable Places for Retirees in Montana

By    |   Monday, 08 Jun 2015 01:39 PM

The AARP and Caring.com each have their lists of affordable places to retire. Unfortunately for fans of Montana, the state appears nowhere on either organization's list.
Free Retirement Calculator: When Can You Retire? — Click Here to Find Out


However, a retiree can still get a break in the Treasure State. Montana collects no sales tax, though property taxes can be high to offset that missing revenue, MarketWatch notes. But a resort town's "bed tax" that collects tourist revenue might be used to keep property taxes down. Here are several places in Montana where retirees might find it worthwhile to stretch their dollars to make a go of it.
  1. Billings - Montana's largest city is a good place for the retiree still looking for work to find a job or start a business, MarketWatch says. Unemployment is low and it's accessible by highway and air. It's also the headquarters of Montana's major healthcare system (and one of the state's largest employers), Billings Clinic. Sperling's Best Places says the cost of living in Billings was 6.5 percent above the national average in 2014, and the median price of a home was $197,000 and rising. Unemployment was 3.2 percent and improving.
  2. Missoula - The relatively high cost of living in Missoula is offset by free cultural events, such as a summer concert, art museums, and the annual River City Roots Fest, and "lifelong learning" programs offered through the University of Montana. MarketWatch notes that fly fishing, biking, skiing, and other outdoor activities attract retirees. Sperling's Best Places says the median price of a home in the Missoula metro area is $218,100, and the cost of living is 10.9 percent higher than the national average. Unemployment is 4.2 percent and improving.
  3. How Soon Can You Retire? Free Test Shows You When — Click Here

  4. Bozeman - A university town with a growing tech industry, Bozeman (pop. 37,280) is also on U.S. News & World Report's list of "10 Affordable Mountain Towns for Retirees." According to U.S. News & World Report, the expenses of living in a ski town are offset by senior discounts – some hefty – at ski areas and at national parks such as nearby Yellowstone. Sperling's Best Places says the cost of living in Bozeman's metropolitan area is 13.5 percent higher than the national average as of 2014, the median home price is $232,600, and unemployment is 3.4 percent and improving.
  5. Helena - Retireinmontana.com likes the state's capital city, in the west-central part of the state. A former gold mining town, its home prices are lower than in many other parts of the state. Sperling's Best Places says median home price in Helena is $181,400 and growing, as of 2014. Cost of living is 3.5 percent above national average.
An Extremely Simple Way to Determine If You're Ready to Retire — Find Out Now

© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
FastFeatures
The AARP and Caring.com each have their lists of affordable places to retire. Unfortunately for fans of Montana, the state appears nowhere on either organization's list.Free Retirement Calculator: When Can You Retire?
retirement, Montana, affordable places
471
2015-39-08
Monday, 08 Jun 2015 01:39 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved