Montana variant. This is a Montana-specific version of the Budget Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Budget Calculator.
Building a budget in Montana starts with the $66,341 median income ($5,528/month) and the local cost of housing - a $470,000 median home and 0.00% combined sales tax.
50/30/20 budget for Montana
The 50/30/20 rule splits after-tax income into needs (50%), wants (30%), and savings/debt (20%). On $5,528/month gross, that's roughly $2,764 needs, $1,659 wants, $1,106 savings - before adjusting for Montana taxes.
Factor in Montana's 5.9% top income tax when converting gross to take-home.
About taxes and housing in Montana
Montana levies a state income tax with a top marginal rate of roughly 5.9%, but it imposes no general statewide sales tax.
Montana property taxes are relatively low at an effective rate near 0.74%, with median home values around $470,000.
Montana's economy leans on agriculture, ranching, energy, and a growing tourism sector centered on its national parks and public lands.
Worked example: $66,341 income
$5,528/month → needs $2,764, wants $1,659, savings $1,106. If housing in Montana exceeds the $2,764 needs cap, trim wants or relocate within the metro.
Quick reference
- State income tax: 4.7-5.9% across 2 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $470,000
- Median household income: $66,341
- Effective property tax rate: 0.74%
- Avg auto insurance: $1,471/yr
Frequently Asked Questions
What's a good monthly budget in Montana?
Anchor to take-home pay using 50/30/20: about $2,764 needs on the median income, adjusted for Montana taxes.
How much should I save in Montana?
The 50/30/20 rule targets 20% - roughly $1,106/month on the Montana median income.