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10 Greatest Locations to Retire in Montana in 2023



When planning for retirement, it’s vital to contemplate the place you’ll spend your golden years. There are numerous locations to select from, every of which has its personal benefits and drawbacks. For those who’ve thought of retiring in Montana, this text is for you. We’re sharing the advantages of retiring in Montana, in addition to the highest 10 locations in Montana to retire.

Is Montana a Good Place to Retire?

Montana has loads of traits that make it a excellent place to retire. First, Montana has loads of monetary advantages. Lots of its cities have a low price of dwelling. And whereas the state’s common housing price is dearer than the nationwide common, a lot of its small cities are significantly cheaper. Moreover, Montana presents a low tax burden for Montana residents. The state has no gross sales tax and limits taxes on Social Safety and pension funds.

However Montana’s monetary advantages aren’t the one cause to retire there. The state has loads of different advantages as effectively. First, whereas Montana has some bigger cities, it’s crammed with small cities with massive senior populations. Consequently, you’ll have a straightforward time constructing a group there.

Montana additionally has lovely surroundings and loads of outside recreation. It’s house to Glacier Nationwide Park, seven nationwide forests, and glorious mountain climbing, boating, fishing, snowboarding, and extra. Even for those who don’t get pleasure from spending your time in nature however get pleasure from it, you’ll discover Montana a peaceable and exquisite place to spend your retirement.

10 Greatest Locations to Retire in Montana

1. Deer Lodge

  • Inhabitants: 2,904
  • % of Inhabitants 65 and Older:6%
  • Median House Worth: $223,804
  • Price of Residing (In comparison with the State Common): 10% decrease
  • Price of Healthcare (In comparison with the State Common): 4% decrease
  • Crime Charge (In comparison with the State Common): 77% decrease
  • Facilities Rating: B-

Deer Lodge is a small Montana metropolis positioned in Powell County. The town is positioned within the western a part of the state. It’s a meadowland with mountain ranges on its japanese and western sides. Deer Lodge is thought for its robust historical past and is house to extra museums and collections than every other city within the area. It’s additionally house to the 1,500-acre Grant-Kohrs Ranch Nationwide Historic Web site.

Deer Lodge has loads of benefits for retirees. It has a big senior inhabitants — greater than one-quarter of town’s residents are 65 or older. It additionally has housing prices, healthcare prices, and an total price of dwelling which are decrease than the state’s common. Lastly, Deer Lodge has a really low crime fee.

2. Glasgow

  • Inhabitants: 3,332
  • % of Inhabitants 65 and Older: 22%
  • Median House Worth: $245,176
  • Price of Residing (In comparison with the State Common): 10% decrease
  • Price of Healthcare (In comparison with the State Common): 3% larger
  • Crime Charge (In comparison with the State Common): 35% decrease
  • Facilities Rating: B-

Glasgow is a small metropolis within the northeast a part of Montana in Valley County. Regardless of its small measurement, Glasgow is named an financial hub of that a part of the state because it’s the biggest metropolis for a lot of miles. Glasgow is house to scenic plains and open farmland and is positioned close to the Charles M. Russell Nationwide Wildlife Refuge, which is house to many forms of animals.

Glasgow is an inexpensive place to reside. Regardless of having healthcare prices which are a bit larger than the state’s common, it has housing prices and an total price of dwelling which are significantly decrease than the state and nationwide common. Moreover, the state has a low crime fee and a big senior inhabitants.

3. Libby

  • Inhabitants: 2,758
  • % of Inhabitants 65 and Older: 22%
  • Median House Worth: $281,209
  • Price of Residing (In comparison with the State Common): 8% decrease
  • Price of Healthcare (In comparison with the State Common): 17% larger
  • Crime Charge (In comparison with the State Common): 27% decrease
  • Facilities Rating: B-

Libby is a small metropolis in northwestern Montana and is the county seat of Lincoln County. It sits on the intersection of Libby Creek and the Kootenay River and is house to the well-known Kootenai Falls. Sadly, Libby is finest identified for being the location of one of many nation’s worst man-made environmental disasters when poisonous asbestos mud killed a lot of its residents. Nonetheless, Libby is now very protected to reside in.

Libby has inexpensive housing and an total price of dwelling that’s significantly decrease than the nationwide common. It additionally boasts a low crime fee and a big senior inhabitants.

4. Lewistown

  • Inhabitants: 6,048
  • % of Inhabitants 65 and Older: 26%
  • Median House Worth: $247,801
  • Price of Residing (In comparison with the State Common): 14% decrease
  • Price of Healthcare (In comparison with the State Common): 3% larger
  • Crime Charge (In comparison with the State Common): 57% decrease
  • Facilities Rating: C+

Lewistown is a small metropolis in Fergus County within the central a part of Montana. It’s an agricultural group, but it surely’s surrounded by mountain ranges and an intersection of waterways, making it an ideal place for mountain climbing, fishing, and different outside recreation. In actual fact, you’ll discover 5 completely different mountain ranges close by, which create a picturesque panorama for the city.

Lewistown has a low price of dwelling that features inexpensive housing. It additionally has a big senior inhabitants, as greater than one-quarter of town’s residents are 65 or older. Lastly, Lewistown has against the law fee that’s significantly decrease than the state’s common.

5. Glendive

  • Inhabitants: 5,030
  • % of Inhabitants 65 and Older: 21%
  • Median House Worth: $202,892
  • Price of Residing (In comparison with the State Common): 2% decrease
  • Price of Healthcare (In comparison with the State Common): 13% larger
  • Crime Charge (In comparison with the State Common): 72% decrease
  • Facilities Rating: B+

Glendive is a small metropolis in Dawson County within the japanese a part of Montana. The town was initially established as a railroad city by the Northern Pacific Railway. Right now it’s identified for its outside recreation. The Yellowstone River runs by means of town, and it has a number of parks and in style spots alongside the lakefront. The town can be house to the Glendive Dinosaur and Fossil Museum and is thought for having many dinosaur bones found there.

Glendive has a big senior inhabitants and a really low crime fee. It additionally has each housing prices and an total price of dwelling which are decrease than the nationwide common. In actual fact, you possibly can anticipate to purchase a house in Glendive for lower than half the state’s median house worth.

6. Conrad

  • Inhabitants: 2,624
  • % of Inhabitants 65 and Older: 22%
  • Median House Worth: $209,688
  • Price of Residing (In comparison with the State Common): 13% decrease
  • Price of Healthcare (In comparison with the State Common): 3% larger
  • Crime Charge (In comparison with the State Common): 54% decrease
  • Facilities Rating: C+

Conrad is a small metropolis in Pondera County within the northern a part of Montana. Conrad is an agricultural city, and farming makes up an vital a part of town’s economic system. The town can be house to the Conrad Transportation and Historic Museum. Lastly, it’s identified for its outside recreation, together with its parks, ski areas, and extra.

Conrad makes for a wonderful place to spend your retirement years. The town has very inexpensive housing and an total price of dwelling that’s significantly decrease than the state’s common. It additionally has a low crime fee and a big senior inhabitants.

7. Hamilton

  • Inhabitants: 4,827
  • % of Inhabitants 65 and Older: 31%
  • Median House Worth: $523,182
  • Price of Residing (In comparison with the State Common): 2% decrease
  • Price of Healthcare (In comparison with the State Common): 4% decrease
  • Crime Charge (In comparison with the State Common): 27% larger
  • Facilities Rating: A+

Hamilton is a small metropolis in Ravalli County within the far western a part of the state. It’s the biggest group within the Bitterroot Valley. It has views of the Bitterroot Mountains to the west and the Swan Mountains to the east. And due to its mountain climbing and different outside recreation, it hosts tens of 1000’s of vacationers annually. The town additionally has a robust historical past. For instance, you possibly can go to the Daly Mansion, which was house to Marcus Daly, the founding father of Hamilton.

Hamilton has healthcare prices and an total price of dwelling which are a bit decrease than the state’s common, however the common housing costs are fairly a bit larger. Moreover, town has a better crime fee than the nationwide common. That being mentioned, almost one-third of town’s residents are 65 or older, and it has many facilities to supply retirees.

8. Billings

  • Inhabitants: 117,445
  • % of Inhabitants 65 and Older:3%
  • Median House Worth: $365,200
  • Price of Residing (In comparison with the State Common): 3% larger
  • Price of Healthcare (In comparison with the State Common): 4% decrease
  • Crime Charge (In comparison with the State Common): 117% larger
  • Facilities Rating: A+

Billings is the biggest metropolis in Montana and the one one with a inhabitants of greater than 100,000. It’s positioned within the southern a part of the state. Billings sits alongside the Yellowstone River and is house to the Yellowstone County Museum, the Yellowstone Artwork Museum, and the Moss Mansion Museum. Billings is thought for its Rimrocks, which is a geological sandstone formation across the metropolis. Billings can be identified for its outside recreation. It’s surrounded by a number of state and native parks, a zoo, and the entire actions the Yellowstone River has to supply.

Whereas Billings has an total price of dwelling that’s larger than the state’s common, it nonetheless presents inexpensive housing and healthcare. And whereas it has an above-average crime fee and a below-average senior inhabitants, it has many facilities for its residents and guests.

9. Bozeman

  • Inhabitants: 54,539
  • % of Inhabitants 65 and Older:2%
  • Median House Worth: $679,831
  • Price of Residing (In comparison with the State Common): 13% larger
  • Price of Healthcare (In comparison with the State Common): 4% decrease
  • Crime Charge (In comparison with the State Common): 36% decrease
  • Facilities Rating: A+

Bozeman is a Montana metropolis positioned within the southern a part of the state within the Rocky Mountains. It’s house to the Museum of the Rockies, which shows the realm’s wealthy historical past. You’ll discover loads of mountains close by, together with Bridger Ridge and the Spanish Peaks. Consequently, it’s no shock this space is thought for its mountain climbing and different outside recreation. It’s additionally lower than two hours away from the favored Yellowstone Nationwide Park. Bozeman is well-known for its livability. Along with its outside recreation, town itself has loads of actions and websites to supply.

Provided that it’s one of the vital in style locations within the state to reside and go to, Bozeman has a excessive price of dwelling. Its median housing price is greater than $200,000 larger than the state’s common. Nonetheless, town boasts below-average healthcare prices and plenty of facilities. And regardless of its reputation and inhabitants, it has a low crime fee.

10. Whitefish

  • Inhabitants: 8,492
  • % of Inhabitants 65 and Older: 20%
  • Median House Worth: $1,018,038
  • Price of Residing (In comparison with the State Common): 20% larger
  • Price of Healthcare (In comparison with the State Common): 17% decrease
  • Crime Charge (In comparison with the State Common): 54% larger
  • Facilities Rating: A+

Whitefish is a resort city within the Rocky Mountains within the northwest a part of Montana. The city sits simply exterior Glacier Nationwide Park, that means many individuals journey by means of it annually on their technique to go to the park. Whitefish can be house to the Whitefish Mountain Resort and Whitefish Lake, which offers loads of fishing, boating, and seashores. The city additionally has the Whitefish River working by means of it, which helps to form the city’s panorama.

Whitefish is without doubt one of the costliest locations in Montana to calm down. The median housing worth is greater than $1 million, and the price of dwelling is about 20% larger than the state’s common. Nonetheless, it additionally has surprisingly low healthcare prices, a big senior inhabitants, and plenty of facilities to supply its residents.

Subsequent Steps for You

Montana has loads to supply its residents, together with low taxes, a low price of dwelling, and loads of outside recreation. However when planning for retirement, town you’ll reside in isn’t the one factor you could take into account. It’s additionally vital to verify your funds are in a superb place. The Private Capital Retirement Planner might help you attain your retirement targets by displaying you whether or not you’re on monitor for retirement, in addition to how a lot it’s best to save every month to retire on time.

Get Began with Private Capital’s Retirement Planner

Creator just isn’t a shopper of Private Capital Advisors Company and is compensated as a contract author.

The content material contained on this weblog put up is meant for normal informational functions solely and isn’t meant to represent authorized, tax, accounting or funding recommendation. Compensation to not exceed $500. You must seek the advice of a certified authorized or tax skilled relating to your particular scenario. Understand that investing entails danger. The worth of your funding will fluctuate over time and you might achieve or lose cash. Any reference to the advisory providers refers to Private Capital Advisors Company, a subsidiary of Private Capital. Private Capital Advisors Company is an funding adviser registered with the Securities and Change Fee (SEC). Registration doesn’t indicate a sure degree of ability or coaching nor does it indicate endorsement by the SEC.

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