Retirement in Montana

 

Why should you Look for Retirement Homes in Montana?

 

The state of Montana is popularly known as “the last best place.” The state of Montana ranks 44th, in terms of population, in the US. This is indication enough that you need not worry about over crowding in this state. A big city in Montana would typically have 30,000 – 80,000 people. If you are looking for retirement homes in Montana, then you are likely to be part of a small, but close-knit retirement community that enjoys the advantages of a great locale. It has to be mentioned that this state has some of the most beautiful natural parks and forests in the US.

Apart from agriculture and mining, tourism is the largest driver of the economy of the state. The Glacier and the Yellowstone National Parks are famous all over the world. The importance of tourism in the state economy is largely due to the stunning geographical diversity of Montana. The western region of Montana, through which the Rockies run, is interspersed with picturesque valley towns and cities. Against the background of glacial lakes, mountain forests, and snow-covered slopes, these towns are being increasingly seen as retirement destinations for those who would love to retire in the “heart of the mountains” and those who prefer open spaces to urban living. For those who enjoy outdoor activities like whitewater rafting, hiking, fishing, and hunting, few states can compare with Montana.

Retirement homes in Montana for active lifestyles, independent living, assisted living, Alzheimer’s care and senior care can be found in Helena, Missoula, Billings, Plentywood, Great Falls, Kalispell, and Bozeman, among other towns in Montana. Some of these locations are great for outdoor recreational activities like golf, fly-fishing, rock climbing, trekking and rafting. Montana’s wealth of natural beauty and the number of activities it encourages are just the right attractions for retirees looking for an exciting, active lifestyle.

 

Montana – at a Glance

 

Population Climate State Income Tax State Sales Tax Median Home Price
997,195 Extreme climate, from hot to freezing cold 1 % to 6.9% None $390,928.00

 

Pros: There is no general sales tax in the state of Montana. Household items are not taxed either. In general, the cost of living is low compared to other states.

Cons:The climatic conditions can be severe at times, ranging from hot to extreme cold.

 

Cost of Living in Montana


 

 

The graph shows the cost of living in Montana by category of expense as a percentage as compared to national averages, which are normalized to100%.

For example, if you are looking for a retirement location in Montana, you might choose Bozeman. It is one of the small towns in Montana, offering its residents hiking trails that start from the town that and go directly to the surrounding mountains. It is also popular for fly-fishing and rafting. If you decide to live at Bozeman, the approximate prices you can expect to pay for various goods and services* would be:

Cereal costs: $3.45

Wine costs: $5.50

Beer: $7.52

Dozen eggs: $1.34

Ibuprofen: $7.18

Toothpaste: $2.45

* As of October 2007