Cost of living in Havre research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Havre is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Montana, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Havre is 89, with 100 being the average.
The cost of living index in Havre is 0.9x lower than the national average.
Havre ranks as the #4 cheapest in Montana out of 23.
Havre ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Havre is $179,700.
The median income in Havre is $58,513.
According to the most recent data on the cost of living, Havre has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Montana, Havre has a cost of living index that's 0.9x lower than Montana's index of 103.
The standard of living in Havre ranks as #4 most affordable out of the 23 places we measured in Montana. By definition, that implies Havre ranks as the #19 most expensive place in the Treasure State.
For more reading on life in Havre, check out:
Six factors go into calculating the cost of living index in Havre. Here is how it fairs on each of the criteria:
The Services index in Havre is 95.
The Groceries index in Havre is 100.
The Health index in Havre is 101.
The Housing index in Havre is 72.
The Transportation index in Havre is 96.
The Utilities index in Havre is 85.
Living Expense | Havre | Montana | National Average | |
---|---|---|---|---|
Overall | 89 | 103 | 100 | |
Services | 95 | 102 | 100 | |
Groceries | 100 | 101 | 100 | |
Health | 101 | 98 | 100 | |
Housing | 72 | 107 | 100 | |
Transportation | 96 | 111 | 100 | |
Utilities | 85 | 89 | 100 |
Housing swings affordability the most between places in Montana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Havre is $179,700.
The Median Rent in Havre is $821.
The Median Income in Havre is $58,513.
The Home Value To Income in Havre is 3.1x.
The Rent To Monthly Income in Havre is 0.17x.
Statistic | Havre | Montana | United States |
---|---|---|---|
Median Home Value | $179,700 | $263,700 | $244,900 |
Median Rent | $821 | $886 | $1,163 |
Median Income | $58,513 | $60,560 | $69,021 |
Home Value To Income | 3.1x | 4.4x | 3.5x |
Rent To Monthly Income | 0.17x | 0.18x | 0.2x |