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10 Finest Locations to Retire in Montana in 2023



When planning for retirement, it’s necessary 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. When you’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 great spot to retire. First, Montana has loads of monetary advantages. Lots of its cities have a low value of dwelling. And whereas the state’s common housing value is dearer than the nationwide common, lots of its small cities are significantly cheaper. Moreover, Montana gives 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 properly. First, whereas Montana has some bigger cities, it’s full of small cities with giant senior populations. In consequence, you’ll have a straightforward time constructing a neighborhood there.

Montana additionally has stunning surroundings and loads of out of doors recreation. It’s dwelling to Glacier Nationwide Park, seven nationwide forests, and glorious mountain climbing, boating, fishing, snowboarding, and extra. Even if you happen to don’t take pleasure in spending your time in nature however take pleasure in taking a look at it, you’ll discover Montana a peaceable and exquisite place to spend your retirement.

10 Finest 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 Price (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 dwelling to extra museums and collections than another city within the area. It’s additionally dwelling to the 1,500-acre Grant-Kohrs Ranch Nationwide Historic Website.

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 general value of dwelling which might be 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% greater
  • Crime Price (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 dwelling to scenic plains and open farmland and is positioned close to the Charles M. Russell Nationwide Wildlife Refuge, which is dwelling to many sorts of animals.

Glasgow is an reasonably priced place to stay. Regardless of having healthcare prices which might be a bit greater than the state’s common, it has housing prices and an general value of dwelling which might be 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% greater
  • Crime Price (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 dwelling to the well-known Kootenai Falls. Sadly, Libby is greatest identified for being the location of one of many nation’s worst man-made environmental disasters when poisonous asbestos mud killed lots of its residents. Nevertheless, Libby is now very secure to stay in.

Libby has reasonably priced housing and an general value 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% greater
  • Crime Price (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 neighborhood, however it’s surrounded by mountain ranges and an intersection of waterways, making it an ideal place for mountain climbing, fishing, and different out of doors recreation. In reality, you’ll discover 5 totally different mountain ranges close by, which create a picturesque panorama for the city.

Lewistown has a low value of dwelling that features reasonably priced 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% greater
  • Crime Price (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. Immediately it’s identified for its out of doors recreation. The Yellowstone River runs by town, and it has a number of parks and fashionable spots alongside the lakefront. The town can be dwelling 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 general value of dwelling which might be decrease than the nationwide common. In reality, you’ll be able to count on to purchase a house in Glendive for lower than half the state’s median dwelling 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% greater
  • Crime Price (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 necessary a part of town’s economic system. The town can be dwelling to the Conrad Transportation and Historic Museum. Lastly, it’s identified for its out of doors recreation, together with its parks, ski areas, and extra.

Conrad makes for a superb place to spend your retirement years. The town has very reasonably priced housing and an general value 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 Price (In comparison with the State Common): 27% greater
  • Facilities Rating: A+

Hamilton is a small metropolis in Ravalli County within the far western a part of the state. It’s the biggest neighborhood within the Bitterroot Valley. It has views of the Bitterroot Mountains to the west and the Swan Mountains to the east. And because of its mountain climbing and different out of doors recreation, it hosts tens of 1000’s of vacationers every year. The town additionally has a powerful historical past. For instance, you’ll be able to go to the Daly Mansion, which was dwelling to Marcus Daly, the founding father of Hamilton.

Hamilton has healthcare prices and an general value of dwelling which might be a bit decrease than the state’s common, however the common housing costs are fairly a bit greater. Moreover, town has the next crime fee than the nationwide common. That being stated, practically 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% greater
  • Price of Healthcare (In comparison with the State Common): 4% decrease
  • Crime Price (In comparison with the State Common): 117% greater
  • 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 dwelling 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 out of doors recreation. It’s surrounded by a number of state and native parks, a zoo, and all the actions the Yellowstone River has to supply.

Whereas Billings has an general value of dwelling that’s greater than the state’s common, it nonetheless gives reasonably priced 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% greater
  • Price of Healthcare (In comparison with the State Common): 4% decrease
  • Crime Price (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 dwelling to the Museum of the Rockies, which shows the world’s wealthy historical past. You’ll discover loads of mountains close by, together with Bridger Ridge and the Spanish Peaks. In consequence, it’s no shock this space is thought for its mountain climbing and different out of doors 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 out of doors recreation, town itself has loads of actions and websites to supply.

On condition that it’s some of the fashionable locations within the state to stay and go to, Bozeman has a excessive value of dwelling. Its median housing value is greater than $200,000 greater than the state’s common. Nevertheless, 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% greater
  • Price of Healthcare (In comparison with the State Common): 17% decrease
  • Crime Price (In comparison with the State Common): 54% greater
  • 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, which means many individuals journey by it every year on their option to go to the park. Whitefish can be dwelling to the Whitefish Mountain Resort and Whitefish Lake, which offers loads of fishing, boating, and seashores. The city additionally has the Whitefish River operating by it, which helps to form the city’s panorama.

Whitefish is likely one of the most costly locations in Montana to calm down. The median housing worth is greater than $1 million, and the price of dwelling is about 20% greater than the state’s common. Nevertheless, 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 lots to supply its residents, together with low taxes, a low value of dwelling, and loads of out of doors recreation. However when planning for retirement, town you’ll stay in isn’t the one factor you have to think about. It’s additionally necessary to ensure your funds are in an excellent place. The Private Capital Retirement Planner might help you attain your retirement targets by displaying you whether or not you’re on observe 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 consumer of Private Capital Advisors Company and is compensated as a contract author.

The content material contained on this weblog put up is meant for basic informational functions solely and isn’t meant to represent authorized, tax, accounting or funding recommendation. Compensation to not exceed $500. It is best to seek the advice of a professional authorized or tax skilled relating to your particular state of affairs. Remember that investing includes threat. The worth of your funding will fluctuate over time and you could 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 suggest a sure degree of talent or coaching nor does it suggest endorsement by the SEC.

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